Lloyds PPI/Self-employed

[plot1]

Hi All,

Self-employed since time began, but had to change A/c from personal to Bus A/c in Feb94.In Jan1996 i needed to arrange O/D up to £3000 limit, manager agreed to this as long as i agreed to pay £1.20 Per £1000 ie £3.60 PPI per month what ever i was overdrawn. I had an overdraft right up untill April 06 at which time i was paying £35.25 per month in increased premiums/higher overdraft. Having read through a lot of the threads and stickys on this site which has and still is helping and empowering so many people, a question i can't find the answer to is, will it make any difference to me claiming that i have been using a business A/c?

 

Any pointers would be welcome

 

thanks

 

JB

[alanalana]

Hi All,

Self-employed since time began, but had to change A/c from personal to Bus A/c in Feb94.In Jan1996 i needed to arrange O/D up to £3000 limit, manager agreed to this as long as i agreed to pay £1.20 Per £1000 ie £3.60 PPI per month what ever i was overdrawn. I had an overdraft right up untill April 06 at which time i was paying £35.25 per month in increased premiums/higher overdraft. Having read through a lot of the threads and stickys on this site which has and still is helping and empowering so many people, a question i can't find the answer to is, will it make any difference to me claiming that i have been using a business A/c?

 

Any pointers would be welcome

 

thanks

 

JB

 

I cannot give you a definative answer to this, but I would suggest you could call the Financial Ombudsman Service who may be able to advise on the business side of PPI.

 

IMO however I would tend to send a Subject Access Request get the data and claim anyway you have to spend £10 to get the data. The links are here...

 

Full SAR for ppi

 

Data Protection Act 1998 - Subject Access Request

 

You can be specific with what data you request although the Subject Access Request is really asking for everything. The Statutory fee is £10.00 Postal Order is fine but keep the details of the number for future reference. The post office will be able to confirm when it was encashed (just call 01246 542091 they will even send written confirmation if you request it) Send all correspondence by at least recorded to be signed for so you can track delivery through Royal Mail

 

You should request the following documents:

 

A true copy of your Consumer Credit Agreement with the Terms and Conditions that were applicable at the time you took the loan/card/mortgage.

 

A ‘demands and needs’ questionnaire.

 

Copies of all statements applicable to the loan/card/mortgage.

 

Copies of all correspondence that apply to you as a data subject ie letters, emails, faxes etc.

 

Copies of all recorded telephone calls or transcripts of the recordings.

 

Copies of any notes made by bank/loan company staff in their dealings with you as a data subject.

 

Do not be fobbed off by them citing issues such as relevant filing systems.

 

If they have any records/data on you as a data subject and it is held under your name, address, post code, account number/s or any other system where the data is identifiable to you then it is a relevant filing system. Even if it is a specific serial number on microfiche records and the serial number is applicable to you.

 

THIS LINK IS IMPORTANT TO YOU ON RECLAIMING IT IS FROM 2001 FROM THE FOS

loan payment protection insurance and a quote from this link...

 

Quote:

When determining whether a policy is suitable, a seller – whether a lender or an agent for the insurer – must obviously take into consideration any information the prospective policyholder volunteers. However, we do not consider the seller’s duty is limited simply to recording what the borrower discloses. It is only by asking questions that the seller can properly determine suitability. These questions cannot cover every aspect of a borrower’s personal position and should not be expected to do so. To paraphrase the ABI Statement, only those matters deemed to be relevant by the insurer should be the subject of questions.

Financial Ombudsman Service

 

 

Lots more information in this link in the stickies. It leads to more links which may help you if you search through them.

 

Mis-sold PPI? Want your money back? use these links to help

 

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