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 wonder if anyone can tell me if this is a fair offer and if not what sort of sum we are talking about.
In 2003 OH took a loan out for £15K repaying £288 & bits per month for the next 84 months at I think 7.9%. Approx 6 weeks ago a letter telling OH about annual statement dropped through door and in that is PPI which didn't have a clue about. At the time OH was self employed since retired on health grounds so should never have had it in the first place.
Wrote a letter to lender 3 weeks ago, reply came back today offering repayment of PPI Premium £3673.93 + PPI interest paid £1095.17 - Total £4769.10 - have tried to work calculator to no avail.
Did the Consumer Credit Agreement give a Breakdown of the Monthly payments ie what portion was loan and what was PPI?
By the way which bank?
I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner. ------------------------------------------------
Bank charge successes:
Halifax - Full settlement incl interest.
HSBC - Settlement, goodwill no admission of liability about 75% of claim.
RBS - Settlement, goodwill no admission of liability about 70% of claim.
2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did
PPI Successes
PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.
2 claims settled in full with LV without FOS involvement.
2 claims settled in full with HSBC without FOS involvement
PPI Claims ongoing with:
Cap one Now with the FOS
Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.
LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc
Please do not PM me for advice as it may be sometime before I can respond.
Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.
Thanks for the link PF, is that total it gives realyy correct?
alanalana - can't find the original agreement but documentation from the Bank - Barclays shows PPI as £56-83 pcm & £232-05 as the loan.
PT
You should then IMO be reclaiming xx months at £56:83 Plus the Contractual interest they charged you on this (They will put up a fight on this issue but some financial organisations are paying up the Contractual Interest) Then you should also claim the statutory interest at 8% and if you go via the Financial Ombudsman Service with your complaint be sure to ask them to add on compensation...see this....
Make your case strong for compensation for all the distress due to claiming back you mis-sold PPI.
I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner. ------------------------------------------------
Bank charge successes:
Halifax - Full settlement incl interest.
HSBC - Settlement, goodwill no admission of liability about 75% of claim.
RBS - Settlement, goodwill no admission of liability about 70% of claim.
2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did
PPI Successes
PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.
2 claims settled in full with LV without FOS involvement.
2 claims settled in full with HSBC without FOS involvement
PPI Claims ongoing with:
Cap one Now with the FOS
Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.
LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc
Please do not PM me for advice as it may be sometime before I can respond.
Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.
Offer from Bank
which didn't have a clue about. At the time OH was self employed since retired on health grounds so should never have had it in the first place.
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Originally Posted by ploddertom
