Thread: Another Asset Link/First National/GE Money/PPI case

Hi all,
I have spend a lot of time reading through all this.
I believe I was missold PPI on the following grounds:
" We have heard a litany of complaints from borrowers who say unscrupulous salespeople told them they would not get a loan unless they signed up to the lender's own protection insurance." I was sold the ppi by the double glazing (Zenith - now bust) salesman - "no PPI, no loan" and "it will only put a nominal sum on to the monthly premium" My choice at that moment was: no PPI - No Loand - No Loan - old windows falling out of the house - no windows in the house - big gas bill.
You may also have a case for mis selling if you have been sold a policy while you are self-employed, unemployed or retired – all of which make PPI void.The loan was agreed in March 2002 - I have been a self employed contractor since 1997 and know that PPI does not pay me out. At the time, I used an 'umbrella Company' to do my tax and insurance for me - and gave them as my 'employer' after having discussed it with the Double Glazing Salesman. I CCA'd Asset Link and they produced First National Credit Agreement but in their letter state: "Originator: GE Money Consumer Lending Ltd Account no xxxxxxxxxx"
PPI policies are valid only for people who are employed by someone else and the lender or insurer should have checked your employment status when they sold the policy. Obviously, my employment situation was not checked, because the company mentioned would not confirm that I was on their payroll, merely that I used their services and paid them a fee to do so.
On the loan agreement is states: amount of credit/goods/services £ 8940.00 - Protected payment premium £1335.09 - Total loan facility£ 10275.09 - Monthly interest rate 1.86% variable) - anticipated number of monthly payments 120 with a minimum monthly repayment of £ 226.80 per month.Can somebody please advise me on this??
Lenders are obliged to advertise the total APR so you know exactly how much your monthly repayments – including insurance – will be. If they haven't, you can pursue them for mis-selling. No APR mentioned on the loan agreement. There is a mention of "25%" for "(no account of any variation of the rate of of the amount of interest payable has been taken)"
Any suggestions, comments, advice are welcomed with open arms. I don't mind paying, but hate to be conned.
DoubleU

Anybody please??????? I need some input on this - Thanks