Capital one PPI

**willowthewysp** · 3rd November 2006 22:14

Hi there..
I am just about to start the process of claiming charges back from Capital One icon

credit card...
I took the card out about 6 yrs icon

ago...i was on benefits and cap one knew this.They advised me to take out PPI icon

, so i did.
Well i am now over my limit on my card due to charges as a few months ago i got into financial difficulty and even though i contacted cap one about this, they continued to charge me, which has resulted in me now being over my limit.
I remembered the ppi, so contacted cap one thinking this should help me a lot. Cap one told me they dont deal with the ppi and gave me a number to phone.
I phoned this number and was told i could not claim a penny as i am not in full time employment....and as i wasn't in full time employment when i first got the credit card, i should not have been sold the ppi!
There was nothing the ppi could do and i was told to contact cap one again, which i did and was THEN told it basically had sod all to do with cap one!
PPi is still getting taken each month along with the charges, so i am getting more and more into debt!
Unfortunatley i do not have any proof of cap one mis-selling me the ppi.
The ppi totals up to about £360 SO FAR...money i have had taken from me, when there was NEVER any chance of me being able to claim anything!
Im going to try to cancel the ppi(I can never seem to get through to the right person to cancel)!
Is it possible for me to get any of this money back?and if so on what grounds?
My husband is now in full time employment, im not sure whether it would be worth me trying to claim on the ppi again(although his name is not on the card...it is soley mine)
Im really annoyed about this!

Any suggestions?!
xx

Similar Threads:

**bandonbhoy** · 4th November 2006 10:31

So using the OFT report of October 2006 (OFT869) and page 14 section 3.5
"Common minimum requirements for PPI icon

are that a consumer must be living and working in the UK, be agedat least 18 and under 65 years, and be actively employed for at least 16 hours per week and have been so for a specified period of time"

Think you have case here, so sendLBA away listing charges for PPI and take it to small claims court.
I wrote to MBNA icon

, because I took oy card two months before Iretired. cannot recollect taking out PPI, because that was always against my income conditions, in that I was in tenured position until 65, so would always have income. As I said two months later I had to retire due to ill health and have been oaying PPI since. Todays post brings in letter, giving me cbback mty PPI for the last year plus interest icon

at 22.9% and they have ordered the previous years records from archive, and they will refund those PPI contributions also.

So persevere and best of luck

MBNA do sem to be taking this more kindly thatn other companies like Capital

**willowthewysp** · 4th November 2006 11:08

Thankyou for that, Bandonbhoy!
Will make a start straight away...

Oh...should i send a SAR icon

first? As i do not have all my cap one icon

statements so do not have all the PPI icon

charges..?

**bandonbhoy** · 4th November 2006 11:31

for completeness, yes

**willowthewysp** · 4th December 2006 14:23

Received statements back with p.p.i payments...will trawl through them and then get my pre-lim letter sorted.....Can anyone tell me where i should send the pre-lim letter? I don't think the p.p.i are directly linked to Capital One icon

are they?

**dellydaisy** · 4th December 2006 17:46

Hi willow My PPI claim is thru allience and leciester and i know there ppi is sperate too.
I sent my prelim letter to the address they gave with my statements and it soon found its way to the right person!

Dont know if anyone else can help tho???

Delly x

**willowthewysp** · 4th December 2006 22:24

I think maybe i will phone them tommorrow and see if i can get an address out of them!
Thanks for replying!

**willowthewysp** · 5th December 2006 22:52

claiming PPI icon

....am i to fill out a spreadsheet for this, and should i claim any interest icon

...what spreadsheet should i use?

**reidnet** · 6th December 2006 15:02

Originally Posted by willowthewysp

claiming PPI icon

....am i to fill out a spreadsheet for this, and should i claim any interest icon

...what spreadsheet should i use?

Hi Willow,
.. Do you pay for your PPI monthly ? If so I would use the same spreadsheet as for bank charges and work out the interest on each payment that you have made. Remember to use the same interest rate as they charge you.

If like the one I got ripped off with , was a single payment PPI, I would claim the full amount plus interest from the date the policy was taken out.

Good luck

Ian

**willowthewysp** · 6th December 2006 16:26

It is a monthly PPI icon

, but i didn't realise they charged me interest icon

, so am not sure how to work out the interest!!!
I'll have to have a look at my statements again, and if i have no luck then phone the credit card company?....

**reidnet** · 6th December 2006 16:33

I would try and claim interest icon

of 8% APR on each payment, this is the rate that would be acceptable if your claim went to court. Basically that is an acceptable level of Interest to the court for loss of use of the Money that was taken as PPI icon

Payments.

Ian

**willowthewysp** · 6th December 2006 16:36

will do that then....8% sounds good and stops the hassle of having to phone Capital One icon

!!!
Thankyou, reidnet!

**reidnet** · 6th December 2006 16:49

Originally Posted by willowthewysp

will do that then....8% sounds good and stops the hassle of having to phone Capital One icon

!!!
Thankyou, reidnet!

No problem..

Good Luck

**willowthewysp** · 8th December 2006 12:57

My pre-lim letter shouldn't contain 8% interest icon

yet..is that right?

**reidnet** · 8th December 2006 17:08

Originally Posted by willowthewysp

My pre-lim letter shouldn't contain 8% interest icon

yet..is that right?

If you know all the dates that the PPI icon

premium was taken you could add 8% Interest to each charge based on 8%APR the same as you do with the bank charges.

Maybe someone else will comment further on that , The only PPI I have claimed back have been single Payment Policies..so easier to calculate.

**willowthewysp** · 11th December 2006 22:44

8% on each payment???!!!
If anyone could confirm that, please?!
I have already sent my pre-lim, but that shouldn't contain the 8% anyway should it.

**reidnet** · 11th December 2006 23:58

Originally Posted by willowthewysp

8% on each payment???!!!
If anyone could confirm that, please?!
I have already sent my pre-lim, but that shouldn't contain the 8% anyway should it.

Yeah I would go for 8% APR on each payment taken, You can use the spreadsheet from the bank charges to work out the actual interest icon

on each payment. After all they Mis Sold you the product and have denied you the use of the money taken in way of premium. Much the same as the banks deny you access to the money they take in way of charges.

I would include the Interest in Prelim and lba icon

. The if you go to court stage add Juditial Interest of 8% APR per day, from the date of your claim to date of settlement or Judgement.

Ian

**kippy2** · 12th December 2006 00:16

on credit cards PPI icon

its contractural interest icon

rate then when you file claim you also add on 8% ....its what i did and they paid up ...especially cap one icon

...desperate for me not to waste courts time :o

**willowthewysp** · 12th December 2006 00:41

Ive already sent the pre-lim though...am i too late to add contractual?Or can i add it in lba icon

?

**kippy2** · 12th December 2006 00:53

well if it was me i would add it on in the lba icon

. JMHO...cap one icon

are quite reasonable...

they do fob you off with paying only the difference between 20/12 ratio but i carried on and got the lot

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