It is worth knowing that Nationwide Debt Recovery Ltd is a dormant Company. They shouldn't be sending or threatening anything. Check it on Companies House website

Probably the best thing to do is to do a S.A.R. That will give you all the payments, charges and everything else to do with the account, that will show you exactly how they come by their outragous figure. There is the letter for this in the library. The thing is, you can write a polite letter to people like these, but unless you use the right wording which subsequently gives you the legal clout you will essentially get no where. Good luck

Hey Swanny It sounds rather like they buggared it up and asking you to pay for it, don't know what the answer to it is. The best thing for you to do is to start your own thread in the PPI section, explain the situation then someone will come along and help you out with it. You need to start the thread though so it is relevant to your problem and you and whom ever answers your thread can keep track of where you are with it.

We took out a secured loan Jan of last year, also took the PPI under implications that we would stand a better chance of getting the loan. After a couple of weeks I sent letter saying I wanted the PPI cancelled as we had 2 insurance policies that would cover it, and no no-one asked if there was anything in place to cover the loan and surprise surprise, they also didn't tell us that it was a one off payment at the start of the policy which also annoyed me, and pointed out that it was very high premium for the cover and to ensure that they cancelled it. Didn't think any more about it until we sold our house recently, solicitors got a settlement figure for them and I saw that they were still charging for the PPI to the tune of £6,200. Here's the problem, I'm going after these buggars for the money, but, what I'm thinking is that perhaps we should wait until the house sale has gone through so they can't throw a spanner in the works (we need it to go through quick). Any ideas??? anybody... please:???:

I am about to embark on this moronic bunch of morons aswell. It wasn't until we sold our house that we found out that their PPI was paid for at the start of the term in 1 lump sum, they have essentially mis-sold the policy and I'm not letting them get away with £6,200 for being very good liars. Good luck

You guys are the best!! I'm about to go into battle with Picture, took out a secured loan with them just over a year ago, have sold our house so got a settlement figure, found out only then that the checky sods had paid a 1 off payment for a PPI to the tune of £6,300, which takes picture's settlement figure over 6 grand more than we anticipated. Wouldn't have minded if we actually needed it but I had seperate life assurance which would have covered it and my husband has 2 life assurances which would have more than covered it, but as usual there was no mention of "do we have sufficient insurance to cover the unthinkable". If you don't mind I will be using template letters I have found relating to PPIs. Thanks again.xxx

1st time user on this site, although hugely helpful have not had chance to post any message as I've been wading through alot of info kindly supplied by the users of the site.. Thank you for pointing me in the right direction for this one.xxx

Just about to pay off my picture loan and noticed that they are charging us for the insurance we took out to the tune of £6,200, they say that it was a lump sum payment added to our loan which was payable at the start of the loan and cannot get all of it back. Did not know that it was paid in 1 lump sum at the start and am very p'ed off at the thought of essentially loosing over £6,000 which we can't afford. I have done a quick check with some other site which told me that the PPI has been mis-sold to us but what do I do now??