Egg closed accounts and PPI - can I still claim

[Sunshine54]

good morning

 

I have a long history of dealings with Egg. I twice had credit cards which were consolidated into loans when I rang to say that I was having difficulty meeting the repayments.

 

I've got a couple of other threads on here but specifically would like some advice on whether it's possible to reclaim mis-sold payment protection on card accounts which were later consolidated into a loan that I didn't take payment protection on as I had not been able to claim against it on the cards when I was made redundant. Hope that makes sense.

 

to clarify

 

• had card with payment protection
  
• made redundant and couldn't claim on the insurance as I didn't receive benefit from DWP/DSS and this was apparently criteria to be met
  
• consolidated into loan (Egg suggestion) as I was struggling to meet payments but I refused PPI as it had been a complete waste of money on the cards
  

 

this subsequent loan is now in default and with a DCA

 

I'm still learning so if it's obvious to you please be gentle with me

 

thanks in advance

[GamekeeperToPoacher]

Well sunshine,

 

I love that it sounds so patronising LOL

 

FWIW I am not a lawyer but would hazard a guess and say yes. If it was mis sold it was mis sold.

This will bump you back up and someone more knowledgeable will probably be along shortly.

 

GK

[Sunshine54]

haha made me laugh GK nothing wrong with a little sunshine in your life

 

thanks very much. I've got so many 'initiatives' going at the moment that I'm starting to go around in circles. I'm keeping the stationers in business as I've got so many files and folders lol

[havinastella]

Hi Sunshine,

 

If you have ANY PPI that has been consiliated to a loan, then the loan does not cover you for PPI, it's MISSOLD

 

It seems everything they told you was a crock of **rubbish**

 

Jogs

[Sunshine54]

good morning Jogs

 

how does this work then as when I reviewed the credit card statements that I received a couple of days ago, the minimum payment (which is usually all I paid) actually was exactly the amount of the PPI and the Interest which means that I would NEVER pay a 1p off the ever increasing balance. I was shocked but I should have checked the detail when the statements were available on-line and I didn.t.

 

The question behind all that is 'could I argue that the balance on the cards that was consolidated into a loan actually included the insurance premium'

 

Will there be some small print that says that any payment received would be allococated first to insurance then to interest charged and then to the capital balance in which case there was no consolidation of PPI'

 

or is that meaningless?

 

many thanks in advance

Edited April 10, 2009 by Sunshine54
clarity

[Sunshine54]

evening

anyone have any feedback on the PPI consolidation question above?

many thanks