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Found 20 results

  1. Hello, Old user, new issue : Where do i post HMRC issues please? Its regrading old tax penalties from 200-2002 reclaimed against last 2 years accounts as a self employed person resulting in loss of approx 5k
  2. Hi all, Santander have made an offer based only on the PPI amount and associated interest and no interest because... 'On a rolling line of credit account 8% out of pocket interest is only applied if the loan would have had a credit balance had the PPI not been included. ... This is in line with the requirements of the FOS and FCA' I believe this to be complete nonsense: I take a restitution approach with unjust enrichment. Had I had the PPI amount then I could have invested it and gained at least 8% interest. Has anyone challenged this and been succesful? Do you agree wit
  3. Hi, I had an account with Natwest, which was shut down about 6 years ago. At the time, I had my Overdraft of £1800 (all owed), a loan for £1000 (£897 remaining), and one for £5000 (£3976 remaining). Due to my financial issues due to illness, I'd had to live off what little credit I had, and after a few months of being unable to keep above the maximum 1800 Overdraft (frequently going to £2000 when bills hit) my account was closed Following this, I was taken to court and something (I forget the technical term now, sorry) was put on my house so that when sold, my ou
  4. Capital one have upheld my misspelling of ppi complaint but have written to advise me that they are offsetting it to a balance on my capital one account that is currently in a dmp. The repayments I am making to my dmp are to capquest. Is capquest part of capital one? I'm not sure if they just collect on behalf of capital one or if they have purchased the debt?! Any advise appreciated
  5. Hi new poster and any information is greatly appreciated. Had a credit card debt with HSBC which become statute barred last year. Earlier this year I received a phone call from a collection agency about the debt and after explaining it was statute barred and didn't want to discus it with him he said ok he'll check. A few week later HSBC sent me a statement saying the account balance was now zero so I'd assumed they'd written off the bebt. Today I've received a letter from HSBC stating they have upheld my PPI complaint for mis-selling on the credit card and they would
  6. Hi All I am hoping that somebody can answer this for me please? A few years back we claimed PPI refund from Welcome Finance via the FSCS. We were awarded around £8000 which was, as expected offset against the loan balance. I am sure that I have read somewhere that whilst they have a right to set off the PPI refund element, the 8% interest element should have been refunded directly? I am now unable to find anything to back this up, and am wondering whether I dreamt that I read this? Would be grateful if anyone can help. Thanks
  7. I don't know if anyone can help be I am doing my self assessment last minute as usual, I am self employed as a foster carer on which my profit was around 9,000 and catalogue business which I made a loss of around 800. I have filled in the box to offset my loss to the previous year as I had to pay some tax last year which is unusual for me. Does this mean that I should get a rebate from last year? Because the calculation is coming up as I have to pay around £80 National Insurance as I am over the threshold for that and there is no rebate from last year included in the calculation. How does it w
  8. HI all Just wondered where we are with offsetting ppi redress to cover a balance made up of charges and compound interest. I had a credit card with capital one which was in default and was bought by lowell, In 2013 i received a ppi reddress payment from capital one and this was paid to lowell to cover a balance made up entirely of charges and compound interest, despite challenging them since they are just giving me the runaround and being deflective in their letters. I have done the spreadsheet and can see it is over £3000 for the charges and over £5000 if ppi was
  9. Hi, First time poster, long time lurker, so be gentle! My partner had an old mobile phone debt being chased by Lowell for 3 Mobile. I sent them the Prove it letter in 2011 back not acknowledging the debt and requesting the credit agreement. They sent back one page of an overdue mobile phone bill as proof. Nothing else. The debt would have become statute barred at the end of this month. Fast forward a few years, and it now turns out they issued a CCJ for £350 in January to an old address she has not lived at for 6/7 years, whilst sending threat-o-grams to our cu
  10. Hi, I am new here and would like some advice as i am quite confused. I had a PPI claim with Shop Direct upheld by FOS. My account was sold on to Lowells whilst in a debt management plan, of which i still am. Lowells are not a partner of Shop Direct and they have confirmed to me that Shop Direct no longer own the debt. Shop Direct have wrote to me to say they will offset my refund straight to Lowells. I was under the impression that as the debt is no longer Shop Directs as they sold it to Lowells then this cant be done. Whilst querying this yesterday with the FOS th
  11. Hi, I'm about to make a claim for missold PPI on a Welcome Finance loan sold that was sold to MKDP in 2010, it is definitely statute barred ( sure of that). I wanted to know if FSCS rules are different that with normal lenders, if I put the claim in will they be able to offset the refund against the debt? As far as I'm aware, a company can't offset a PPI refund against a debt that has been sold to an external DCA (in this case MKDP). I would be grateful for any help with this. Thanks in advance.
  12. Hi guys this is my first post, I took a loan with Natwest in 2007 and was told when applying that I must take the PPI to get the loan. A year later I cancelled the PPI and made a complaint to RBS, it took them 12 weeks to investigate and they didn't uphold my complaint, they said that they couldn't locate the call records but as I had signed for the loan that meant I had signed for the PPI and was aware of it. At the time I had been having money problems which was a reason for me trying to get a refund of the payments at the time, Natwest eventually defa
  13. Hi, First time thread, long time reader. My partner made a PPI claim against Santander on a defaulted personal loan the residual debt of which is still owned by Santander. On 11 July they offered £2606.25 in settlement of the complaint but said they would use all to clear the outstanding balance of around £3k. A letter was sent back as follows: Dear Sir, Thank you for your letter of 11 July detailing the offer of redress I have signed the acceptance with the offset wording deleted. I do not consider this appropriate as: The enforceability of the debt i
  14. Help urgently wanted finally got a letter from rbs admitting fault for miss-selling a mortgage 12 years ago but they will not pay for the assurance policy that went with it as they understand that it was unsuitable for my stated needs but that I agreed so that's that. They are offering compensation for the mortgage which I paid for 7 years before discovering it was massively under performing and would not repay the loan. The big problem is that I am in financial hardship because of severe disability and illness. I am currently paying interest only on my mortgage.
  15. Hi I'm new to the site,any help would be greatly appreciated. Can anyone please tell me if a Won PPI claim that is awaiting acceptance can be used to repay an out standing loan that has been sold and re-bought by the original lender? ie..HSBC to Compello then Compello back to HSBC,now managed by Ceneral Debt Recovery Unit on behalf of HSBC. Also, I read here about a statutory right to waive set off, link below (add W W W.) is there any truth in this? 31.9A.80 Compensation received, set-off not applied; insolvencydirect.bis.gov.uk/freedomofinformation/technical/t
  16. I have already submitted a ppi claim to Natwest which I believe is with the calculations dept! 2 questions really. 1) They have just requested authority from my husband as the main policy holder which has really bugged me as this is the first time since the claim was submitted so surely they should have requested this before. Delay tactics? 2) We are on a DMP with cccs atm and the company I am claiming against are 1 of our creditors. The claims are for 4 closed loan accounts. The remaining loan account has already been ccj'd and has a court order to pay a set amount each
  17. Can the ppi refund be given in part to a debt that has been sold and the rest to me? Or do they have to give it all to me? Many Thanks
  18. I sued Capital One in 2009 for credit card charges, they sent a cheque before the hearing, but they deducted £352.86 of this from the settlement cheque to pay Cabot whom they had sold the debt to. I now understand that they should not have done this under the offsetting rules, I have successfully claimed from Monument before over this, shall I be writing to the DCA for the money of Cap 1? I have just looked through the correspondence from the time and I have accepted the cheque as full and final settlement for paying the money to cabot. Also, they sent a letter to th
  19. My husband had a business which ceased trading as a result of this my husband had a loan, which he had to pay back to the bank, to pay all the debts, which the bank called in the (overdraft) he had been given. He was a sole trader, . He was supposed to be paying £200PCM via direct debit he would transfer money to this account or pay in cheques to cover the payments. The cheques that went into the account were made payable to ***** He was apparently four months behind on payments but was unaware of this. He works for his father’s business now, and is a
  20. Good afternoon, I have received nearly £3000.00 from MBNA for mis-sold PPI. No doubt, Link will be after me, but no offset suggested from MBNA, so Link can keep chasing - until they make me a reasonable f&f offer). Cheque banked today so donation making its way to CAG on Friday - (Site Team - donation link please) Have many more hurdles til they've all complied, and still have charges to go for, but want to say thanks for all help so far - Ims, Slick, Brig, citB (and all caggers) you're the best.
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