I realize this may have been covered before, but I think the scenario I have is complicated.

I took the 1st loan out with PPI cover which was over 60 months period.

After 36 months I took the 2nd loan out to pay 1st loan off and leave me with some cash over, this was over 60 month period and had PPI cover.

After 36 months I took out a 3rd loan to pay off the 2nd loan and leave me with some extra cash, this is over 72 months and has PPI cover. I had to claim on this loans PPI cover last year. This loan is still active till 2013.

I would like to know best way to tackle this.

The loan company is TESCO and all had Single Premium PPI.

Thanks for any help..

Hi

Have a read of No.1 in my signature....its all there.

When you say "tackle this" are we talking about reclaiming for mis-sold PPI? You haven't been completely clear although I suspect that is what you want to do?

Thanks for quick reply, yes it is about claiming back PPI.

I've read your posts (very good) but I'm a bit confused of whether I'd claim all the PPI insurance that's added to the loans when taken out. Or just the amount that a loan was not reduced by when paying it off with a new loan.

thanks

if you've refinanced you're in for a bigger windfall

as i bet you got no rebate either.

http://www.consumeractiongroup.co.uk/forum/showthread.php?330996-Latest-Spreadsheets-PPI-Claims-and-Charges-Claims-Dec-2011

dx

Thanks for quick reply, yes it is about claiming back PPI.

I've read your posts (very good) but I'm a bit confused of whether I'd claim all the PPI insurance that's added to the loans when taken out. Or just the amount that a loan was not reduced by when paying it off with a new loan.

thanks

You will effectively be claiming it all back, plus the bank's interest on the payments you made plus 8% on the payments made.

That's why you will need to use a spreadsheet to help with the calculations.

There's a step by step on a three loan rollover here (post #23 onwards)

http://www.consumeractiongroup.co.uk/forum/showthread.php?339738-ppi-reclaim-without-account-details&p=3869930#post3869930

This is the spreadsheet you will need

StatIntSheet v101.xls

Thanks for info, looks like am going to struggle with this.

i have all files required but where to start is another thing.

I'll have to sit in a quiet darkened room.

thanks

Have a go and if you get stuck shout here

Thanks I am subscribing to this thread...as my Halifax had original loan which was consolidated into loans 2 and three and PPI and costs/interest accumulated..so I will be watching this thread with interest...and clicking onto the links within it for further information.:-)

Using the form provided is this how it’s filled out.

Claimant = me

Lender= Lender

Account= loan account Number

Claim from= loan start date

Claim to= loan finish or todays date*

Date of charges= date payment made

Decsription= PPI

Amount of charge= Monthly insurance payment.

As I’ve stated I have 3 roll over loans, used to pay off previous loans

Using the form provided is this how it’s filled out.

Claimant = me

Lender= Lender

Account= loan account Number

Claim from= loan start date

Claim to= loan finish or todays date*

 

Date of charges= date payment made

Decsription= PPI

Amount of charge= Monthly insurance payment.

 

 

As I’ve stated I have 3 roll over loans, used to pay off previous loans

Yes

And you need to work out the amount of PPI rolled in to each new loan from the previous one too.

Finally sent my forms to Tesco Bank over the 3 roll over loans I've had.

I explained that the loans had front loaded PPI attached.

And that when i finished the loans off early with another loan i received no rebates.

I stated that i would require all money paid for PPI and the rebates i never received for early payment.

I posted the letter (recorded) just over a week ago,up to now have not received a reply.

Received a letter from tesco today, seems to be quite quick considering letter sent on the 28/08/12.

A copy of this letter is attached. have anyone else received the same letter Word for Word?

thanks

Post the letter as a PDF please

Dx100 – Instructions on uploading pdfs

 

scan the required letters/agreements/sheets

as a picture file

remove all pers info inc barcodes etc using paint

but leave all figures and dates.

goto one of the many free online pdf converter websites

convert the image to pdf format.

or ir you have PDF as an installed printer drive use that

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

NB:you can set where it goes in the post by hitting insert inline.

the hit reply button

Try again, sorry for mess!

Received a letter from Tesco today, seems to be quite quick considering letter sent on the 28/08/12.

A copy of this letter is attached. have anyone else received the same letter Word for Word?

thanks

tesco.pdf

Nothing unusual....pretty much a generic "thank you" letter acknowledging our claim.

The 8 week clock is ticking.

UPDATE ON MY CLAIM

just had a phone call from Tesco. questions about when i was sold PPI in 2001, 2004, 2007. whether i was advised about restrictions or that i could cancel. i told them all of my applications where done on line and nothing stood out to alert me of these. I said on my cover letter it stated that i was claiming Front loading of the PPI, but all they wanted to ask questions about was the selling of the PPI. Wonder what there upto!

Strikes me that they don't know much then. If they are having to ask you the questions then it would suggest they have no evidence themselves.

That could be good for you because if they reject your claim then you can ask for evidence which they may not have.

Thanks for quick reply.

As i did state to him i was claiming regarding Front loading of the PPI.

Wonder if there taking that claim separate to miss selling of PPI.

I've been offered all the PPI payments on the 3 loans i took out.

Also any PPi that was carried over to the top up loans i took out.

Interest on all the PPI payments at 8%.

And because i had a claim on one loans PPI, the amount will be reduced by what i was paid in the claim.

i checked there workings and it comes nearly spot on to my workings.

So happy result.

Thanks for the help(donation to follow)

Excellent...well done.

When you get the money let us know and we can change your thread title to reflect your success.

Congrats on this.

hey well done!!

dx

Finally received the money. should have arrived within 7 days. waited over 14 days.

Now for egg card

Excellent news...well done

Thread title is being changed to reflect your success.

I've been offered all the PPI payments on the 3 loans i took out.

 

Also any PPi that was carried over to the top up loans i took out.

 

Interest on all the PPI payments at 8%.

And because i had a claim on one loans PPI, the amount will be reduced by what i was paid in the claim.

 

i checked there workings and it comes nearly spot on to my workings.

 

So happy result.

 

Thanks for the help(donation to follow)

ah great we can go down the pub now:whoo:

nice win and they calc'd the rolloever too!

dx