Definintion of being self employed within PPI Terms & Conditions

[RedCEL]

Hello all. First off a big thank you to all at CAG for helping me reclaim around £2600 in bank charges back from Lloyds TSB:) . Now on to my next crusade, hopefully.

I'm self employed and have possibly been miss-sold PPI on a number of loans and credit cards. So far I've discovered around £900 in PPI on a Lloyds TSB mastercard and around £2400 on an HFC Direct personal loan. Still have some digging to do on a Black Horse Loan.

Now I've also uncovered a policy on a PC I bought in June 2001 that cost me around £100 in PPI. Not much I know but it was the only personal loan agreement that I kept along with the T & C. Now according to the T & C (2001) they do include people who are self employed but their definition of self employment is someone who works at least 16 hours or more a week. Now as an entertainer, the most I could work is 9 hours (typical contract is 2 x 45 minute spots on any given night), so my question is this. Firstly do T & C's vary in wording depending on the type of loan? (My personal loan was from HFC Direct and my PC purchase from HFC Bank) and secondly does their definition of self employment apply to my situation? Please help!!!!

[patrickq1]

PPI insurance does not normally consider self employed unless it is written into the agreement,you will find self employment is normally considered as an exclusion ,so in my opinion if you find any agreements with exclusion to being self employed then ask for this money to be repaid ,i am presuming you let whoever you had dealings with in contracts etc you did specify you were self employed...

[RedCEL]

Indeed I did. But I do remember one occasion when an advisor helping me with a loan application, conveniently, for my benefit of course, interpreted my sub contracted work as being in full time employment. I never questioned it because I thought she was doing me a favour. I was young and stupid .

[TANZARELLI]

What I would do is send a SAR to all these companies and specifically request the PPI Policy Wording Schedule including T&Cs relating to the PPI policies you will be identified on as a data subject. Also send a CCA request to get copies of the credit agreements if you don't have them still.

[alanalana]

Hello redCEL,

 

firstly your quote

 

and around £2400 on an HFC Direct personal loan.

 

If you check the announcements at the top of the thread you will see alanfromderby has set up a link for people missold by HFC as a group class action this would save you the time and effort of going for it on your own. It may be worth an email to check it out and could save you a lot of time.

 

HFC have been fined heavily for misselling and if your loan falls into the timeframe you could be in for money back.

 

Just a thought.

 

regards

 

aa

Edited May 7, 2008 by alanalana
text added