Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
I took a personal loan with Natwest in 2005, and Insurance to cover. Circumstances prevailed that we were unable to maintain payments, so we relied on the insurance to make these for us as we qualified under the terms of the insurance.
Payments have been made for many, many months.
There was one little glitch when we sent off the required information, but the insurers failed to inform us that it did not entirely meet their needs, stopped paying, and failed to inform us of the reason. This was rectified by provision of further information once we became aware of the reason for cessation of payment, and the arrears were paid.
Now a Solicitor (debt collector) has written to us saying that the insurance cover we purchased on the loan does not cover the full term of the loan, only the first 60 months. It was a loan taken in Feb 2005, with last payment due Feb 2012. I suppose that makes it a 7 year loan, with a total of 84 monthly payments, of which the insurance have made some 54 payments, and state that their policy only allows for 60 payments in total.
However, I have obtained copy of the terms and conditions of the insurance on the loan, which clearly state that full cover remains in place for 120 months - or 120 payments - or until the loan is paid in full.
The Solicitor (Debt Collector) is asking what arrangements I will put in place once the insurance cover expires, and I am arguing that the insurance covers the whole period of the loan. Very recent correspondence from the insurers seems to confirm the date the loan was taken (Feb 2005), and that cover continues for 120 months.
It is a little worrying, can insurers deny cover even though the certificate they supply covers the more than the entire period of the loan, and does not state any maximum number of monthly payments they will make in their terms and conditions?
a sort of fire-fighting role here. Hate HFC & their past compulsory PPI ethos
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Re: Natwest PPI - how long?
sorry i'm confused
you say you have a t&c that says the entire loan is covered yet the insurers are now saying just 60? then you say there is no max number on te t&c?
even the 120mts will cover it totally if it was only for 84mts?
am i missing something...why are the DCA in sheeps clothing as a solicitor chasing you ?
dx
GETTING THREAT_O_TEXTS OR SPOOF BAILIFF CALL FROM M T COLLECT read here
7. Thinking of a Full & Final Settlement?Read Here
my views are my own...seek legal advice if ness
NEVER EVER - act on a private message asking you to visit another website, make contact 'off list' or by telephone
- alert the siteteam IMMEDIATELY by hitting the black warning triangle on any message - Particularly if this results in a request to pay a fee to help you.
rather than hittting to be my friend - hit the star
It is confusing isn't it. I asked the insurance provider for copy of the certificate itself, and the terms and conditions. They did not supply the certificate, just a letter confirming the amount of the original loan and dates. Taken feb 2005, repayments continue till feb 2012. Also enclosed was copy of the terms and conditions, which does not state the max number of payments allowed, and also states that cover remains in place for 120 months, even though, as you spotted, the loan was over 84 months only.
7. Thinking of a Full & Final Settlement?Read Here
my views are my own...seek legal advice if ness
NEVER EVER - act on a private message asking you to visit another website, make contact 'off list' or by telephone
- alert the siteteam IMMEDIATELY by hitting the black warning triangle on any message - Particularly if this results in a request to pay a fee to help you.
rather than hittting to be my friend - hit the star
Natwest PPI - how long?
in 2005, and Insurance to cover. Circumstances prevailed that we were unable to maintain payments, so we relied on the insurance to make these for us as we qualified under the terms of the insurance.
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