Jump to content


Payment Protection Insurance - Paragon


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 3937 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hi All,

 

I have a situation with Paragon and it's in the General Debt forum,

 

But for PPI information I've been told to post here ...

 

I took out a loan with Paragon some 10 years ago and believe that I was mis-sold the PPI at the time. How do I work out how much I should be looking to claim back or have I got the wrong idea?

 

Thanks

Link to post
Share on other sites

Hello alex,

 

But for PPI information I've been told to post here ...

 

I took out a loan with Paragon some 10 years ago and believe that I was mis-sold the PPI at the time. How do I work out how much I should be looking to claim back or have I got the wrong idea?

 

You are in the correct forum.

 

You will need to post more information dates, reason for mis-selling, etc.

 

Please do not post names, account numbers or personal details.

 

I am not sure if there would be a limitation on the claim but as PPI is currently a huge or about to be mega huge I would suggest a claim (if you have valid reason) is in order.

 

Hope this helps you get a start

 

aa

I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner.

------------------------------------------------

Bank charge successes:

Halifax - Full settlement incl interest.

HSBC - Settlement, goodwill no admission of liability about 75% of claim.

RBS - Settlement, goodwill no admission of liability about 70% of claim.

2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did :mad:

PPI Successes

PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.

2 claims settled in full with LV without FOS involvement.

2 claims settled in full with HSBC without FOS involvement

 

PPI Claims ongoing with:

Cap one Now with the FOS

Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.

LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc

 

1 Complaint not upheld by FOS they said it was ICO issue. Complaint upheld by ICO. See this..

Post 290 from

***RBS PPI Claim Long fight but, WON***

 

Please do not PM me for advice as it may be sometime before I can respond.

 

Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.

 

Link to post
Share on other sites

Hi alanalana

 

 

I've sent a SAR today to get more info but I've been paying £25.06 since Nov 07.

 

I was informed that the payments were optional, but not that I could go elsewhere for the protection. They made me feel I had to take their protection plan in order to get the loan.

 

Quick question ... The loan that the plan is attached to was in joint names, although I am the only one insured on it, can I amend the protection without the other signature of the other person as we are no longer in communication with each other

Link to post
Share on other sites

Hello alex,

 

I've sent a S.A.R - (Subject Access Request) today to get more info (Good) but I've been paying £25.06 since Nov 07. Why are the payments of £25.06 (I assume this is PPI?) only from Nov 07 if the Loan is 10 years old? Or can you enlighten me further?

 

I was informed that the payments were optional, but not that I could go elsewhere for the protection. They made me feel I had to take their protection plan in order to get the loan. This may be an issue you could use since the preliminary findings by the Competition Commission...see this...

http://www.competition-commission.or.../pdf/18-08.pdf

 

Quick question ... The loan that the plan is attached to was in joint names, although I am the only one insured on it, can I amend the protection without the other signature of the other person as we are no longer in communication with each other. Not to sure about this one, but if the protection covered you only why would you wish to change?

 

aa

I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner.

------------------------------------------------

Bank charge successes:

Halifax - Full settlement incl interest.

HSBC - Settlement, goodwill no admission of liability about 75% of claim.

RBS - Settlement, goodwill no admission of liability about 70% of claim.

2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did :mad:

PPI Successes

PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.

2 claims settled in full with LV without FOS involvement.

2 claims settled in full with HSBC without FOS involvement

 

PPI Claims ongoing with:

Cap one Now with the FOS

Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.

LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc

 

1 Complaint not upheld by FOS they said it was ICO issue. Complaint upheld by ICO. See this..

Post 290 from

***RBS PPI Claim Long fight but, WON***

 

Please do not PM me for advice as it may be sometime before I can respond.

 

Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.

 

Link to post
Share on other sites

Hi

Q1 - the £25.06 payment are for PPI it has been since nov 07 as this was when the loan began. I'm still paying because ... I'm not sure why. Paragon say I still have £9,700 odd left to pay (see this link if you'd like http://www.consumeractiongroup.co.uk/forum/general-debt-issues/148293-paragon-finance-enough-enough.html)

 

Q2 - what I'd like to change about it is to cancel it.

Link to post
Share on other sites

Hello alex,

 

Hi

Q1 - the £25.06 payment are for PPI it has been since nov 07 (is this 2007 as the thread you have included states loan in 1997?):???: as this was when the loan began. I'm still paying because ... I'm not sure why. Paragon say I still have £9,700 odd left to pay (see this link if you'd like http://www.consumeractiongroup.co.uk...gh-enough.html)

 

Q2 - what I'd like to change about it is to cancel it.

 

All you have to do then is to write a letter explaining that you no longer require the PPI request them to cancel the PPI.

 

They should comply and give you a rebate on the PPI. You can then decide if you want to claim for mis-selling......

Payment protection | Were you mis-sold PPI? | PPI - rules before 2005

Payment protection | Were you mis-sold PPI? | PPI - the rules

 

If you have a valid mis-selling claim and want to reclaim all the payments back to when the PPI started. Then you will need a valid case with all of the relevant documentation hence the cca and sar requests. Once you get the documentation you can check it over post it on your thread removing all personal details, names, account numbers, addresses etc and get feedback on the legality of the document.

 

It may be worth checking out the stickies and a few other threads to get examples of letters you could use for your own case.

 

hope this helps

 

aa

I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner.

------------------------------------------------

Bank charge successes:

Halifax - Full settlement incl interest.

HSBC - Settlement, goodwill no admission of liability about 75% of claim.

RBS - Settlement, goodwill no admission of liability about 70% of claim.

2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did :mad:

PPI Successes

PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.

2 claims settled in full with LV without FOS involvement.

2 claims settled in full with HSBC without FOS involvement

 

PPI Claims ongoing with:

Cap one Now with the FOS

Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.

LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc

 

1 Complaint not upheld by FOS they said it was ICO issue. Complaint upheld by ICO. See this..

Post 290 from

***RBS PPI Claim Long fight but, WON***

 

Please do not PM me for advice as it may be sometime before I can respond.

 

Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.

 

Link to post
Share on other sites

aa

 

Sorry, I have been paying the PPI since Nov97.

 

It seems that I have to wait for the CCA & SAR. Still not sure about changing the PPI without the signature of the other person though ...

 

Thanks ...

Link to post
Share on other sites

hello alex,

 

aa

 

Sorry, I have been paying the PPI since Nov97.

 

It seems that I have to wait for the CCA & S.A.R - (Subject Access Request). Still not sure about changing (are you wanting to change or cancel the ppi) the PPI without the signature of the other person though ...

 

Thanks ...

 

as you were the only named person on the insurance I do not believe there should be any problem in trying to cancel it.

 

aa

I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner.

------------------------------------------------

Bank charge successes:

Halifax - Full settlement incl interest.

HSBC - Settlement, goodwill no admission of liability about 75% of claim.

RBS - Settlement, goodwill no admission of liability about 70% of claim.

2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did :mad:

PPI Successes

PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.

2 claims settled in full with LV without FOS involvement.

2 claims settled in full with HSBC without FOS involvement

 

PPI Claims ongoing with:

Cap one Now with the FOS

Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.

LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc

 

1 Complaint not upheld by FOS they said it was ICO issue. Complaint upheld by ICO. See this..

Post 290 from

***RBS PPI Claim Long fight but, WON***

 

Please do not PM me for advice as it may be sometime before I can respond.

 

Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.

 

Link to post
Share on other sites

  • 3 months later...

Hello Alex,

 

Got you pm and as I have stated you need to send them a non-compliance letter immediately, giving them 7 days to respond.

 

Report the non-compliance to the Information Commissioners Office as well asking for their investigation. I am aware that the ICO is overwhelmed with complaints, so this will not happen overnight.

 

Your other option if they don/t comply is to issue a court summons for a breach of the dpa.

 

But give them another ten days:rolleyes:

 

I have had a look at you other thread and the credit agreement looks kosher, is that the one that you have or have they sent it to you with a section 77/78 request.

 

Have you now cancelled the ppi and do you have written confirmation of the breakdown of the refund.

 

Can you please type up the loan details, so we can work out the first calculations of the ppi and the interest they applied.

 

Need the amount borrowed

cost of ppi

total charge for credit

interest rate

 

amount payable each month and the lenght of the term ie years months

 

This would be helpful:-D

If any of my posts are helpful, please feel free to click my scales. All information is given as my opinion only, based on my own personal experiences. I have no legal training, but have educated myself in aspects of consumer legislation. My motto "NEVER GIVE IN, NEVER SURRENDER", THERE IS A WAR ON YOU KNOW

Link to post
Share on other sites

Hi Hellhasnofury,

 

To answer your questions, I'm using the copy of their copy of the agreement that's on photobucket.

 

Need the amount borrowed - £7,000

cost of ppi - £25.06 per month

total charge for credit - sorry no idea, was never told

interest rate - 22.9

 

amount payable each month and the lenght of the term ie years months -

164.32 for 120 months

I'm not at home at the moment, I work away from home, so don't have access to my documents, but I'm sure that the copy of the agreement they sent me is dated BEFORE the copy I have. To try and explain, when we took the loan out I think we changed the amount from £7,000 to £7,500 and this needed a new loan agreement to be drawn up. I have the agreement for £7,500 and they have the agreement for £7,000 which was not the latest agreement that we signed.

 

I do hope this helps.

Link to post
Share on other sites

  • 2 years later...

hi there, im new to this site and looking for some advice. i took out a £30000 loan from paragon, but within a year of taking out the loan i sold my house and repaid the loan. however they added £10000 ontop of what i owed and said it was ppi. i rang them yesterday as a friend told me i would be entitled to a rebate. i phoned them and the girl said that the ppi was still valid and she would put it to the team and they would get back to me with a figure. she wasnt able to tell me how much it was. i really dont understand any of it. but am i right in thinking i paid 10yrs ppi but only used a year of it. the loan was took out over 10yrs.

Link to post
Share on other sites

 Share

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...