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Tonychief

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  1. Hi how did you get on with your ppi claim against black horse I’m in a similar position to you had 4 loans in the 90s with charted trust now black horse paid ppi on them all just had a letter saying there extending the 8 week deadline by another 8 weeks 

    1. Tonychief

      Tonychief

      Eventually was paid on 2 of the loans 5 weeks ago. Took ages on each, also extended twice,  had to go back to them on each occasion for a review of their calculations. It’s a delay tactic. Be prepared to scrutinise, they always underpay considerably first time around. My best advise is to be patient but insist they move on with it on the odd occasion.  Disagree with the first calculation, it’s always wrong, They will drag it out but you will get paid. The first loan they offered was for just over £5000, asked for a review and they reoffered £14,676.84. Second they offered £2218.76, after review they paid me £5,678.47. Hope I’ve been helpful. 

       

      Thanks

    2. Pants72

      Pants72

      Did you have ppi on all five loans then or just the two 

      I’ve just asked for all my statements and paperwork I will try work out how much I paid I’m prepared for a long wait now 

  2. well I’ve got no choice at this moment in time than to keep my fingers crossed and hope for a reasonable refund. The policy appears to have been incorporated in all the excessive interest and charges they stated all throughout the term of the first loan. Very misleading now looking at it hindsight but to be honest I didn’t think I had PPI on any of these loans before making an enquiry. Many thanks again for your help and sorry to keep messaging. It’s just been quite frustrating getting any appropriate answer from them during the last 2 months from them that I thought why not ask others who hear and deal about this on a daily basis.
  3. Yeah so from end of things the first approximate 6 years should cover 15% stat interest. But I’m still curious to know from your experience why do they require an extension? Is it just because the calculation is more complicated than usual?
  4. 15% was the statutory interest rate prior to the 1st April 1993. A friend of mine got his PPI complaint upheld for a loan which started in 1992. The first year he received 15% followed by 8% for the remaining period. It became 8%. Im not sure but I don’t think it’s complicated, it’s just that they need to make manual calculations from the sounds of things. If the delay is because of the calculation and not something else then fine so be it. I find it promising even though the matter will take longer than usual.
  5. Thank you for the reply again. So based on what you’ve seen, and you’ve said you understand why they need more time, is it because they are still trying to work out the calculation? Also should I work out the calculation at 15% stat interest for the first 6 years?
  6. Please see attached. See what you think please. Thanks for all your replies so far by the way. statements .pdf
  7. Hi thanks for the response. I really appreciate your help. The first 1987 statement shows that it wasn’t paid off by another loan although I’m not to sure about that, I can’t really remember and it’s driving me mad. There was a second loan I took out in 1990 for £3k. Now this is where it gets interesting. In the 1987 statement, on 22/10/1993, it shows a write off of £4550 but I made payments of between £25-£40 and the balance looks to have been cleared on the 3rd May 2001. This is the statement showing PPI £1673.69 and the loan was cleared off owing nothing. What I’m struggling with is the other loan and whether it corresponds to the 1987 loan which has PPI. It shows the agreement commenced 20/07/1993. But the first transaction, it shows date 21/10/1987 advance to customer £5,000 with monthly repayments starting from 18/01/1987. They haven’t told me anything yet about whether PPI was on all the loans. I would of thought at least given the three different loan statements where only one states clearly P.P.I, I would of at least received a response on the other 2 showing no PPI. I’m so puzzled about this whole situation and help to sort the matter out would be very welcome. Please note I was always self employed and that was of course one of the many reasons I gave for the miselling of PPI. look forward to hearing from you
  8. Hi all, Just a bit of a background, I called Blackhorse on the 23rd December 2018 to check whether I had any PPI on loans that I took out many years ago. The first and most relevant was taken out in 1987 as I recently found out from them. They found I had three within 87 and 91. They didn’t indicate or tell me whether or not there was PPI on any of my agreements and instead sent out a complaint form and explain to them why I was misold any of the policies attached to each loan. I had no paperwork at the time of calling. A week later I sent back the form and gave the reasons why each were misold. Before doing this I called Blackhorse again and requested a copy each credit agreement agreement they hold on file which they said ok but still fill out the form and send it back which I did. 2 weeks after sending of the form, instead of receiving credit agreements, I was sent each loans running Statements from the opening payments right up until the last. 2 do not show an indication of PPI. But the largest and earliest loan clearly stated PPI £1637.11 included in a total amount of £15,387.78 to repay back. This is on the first page of the statement. Ive keep asking them to comfirm and they keep saying that there is a strong indication and a final response would be provided The Final response date I was given was 18th February. But I received a letter today stating they need at least another 8 weeks to fully respond to the complaint. It’s quite frustrating that they are not providing a final response. I understand there busy and that’s why they have such sufficient time provided to them under their regulations. The reason they have provided for this responses is that they are busy and it hasn’t gone to the relevant departments yet. It funny because I’ve spoken to 3 different people so far during the weeks that have gone by and they have each stated completely contradictory stages as to where the complaint currently is positioned. 2 weeks ago someone told me it’s half way, a week later someone said it’s not even been seen yet by the case handlers and now they have decided to extend for another 8 weeks. I don’t know what to believe. I’ve mentioned to them that I’m going through hardship at the moment as I’m now disabled and require funds for a needed private operation and the money would come in very handy at the right time. Is this common practice or is there something more to it? Would it be wise to take the complaint to the ombudsman? What’s the best thing to do going forward? Given that there is records of each loan, whats the hold up? Could they be passing liability onto someone else, and would have they not of done that already to address the matter ASAP? Any advice or experience anyone has with dealing with Blackhorse PPI dpt is very welcome and I look forward to receiving everyone’s responses on how to best get a reasonable response in a reasonable time. Thank you
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