GE Money PPI paid need to claim it back

[looser01]

Hello everyone

 

i had a loan for £15k and was sold ppi for £2500.00 all paid now, the original agreement on the I section says the brokers name

THE PERSONAL LOAN EXPRESS, as far as i can remember this was done over the phone and the ppi was included at the time. the operator at the time was calculatig the monthly payment and i parted with them, the forms were sent to me with post it stickers where i signed it and sent it back at the time..

 

I called GE they say i have to call PINACLE INSURANCE and speak to them i need to write a letter to G E and claim PPI.

 

any help or if you can point me to right directions

 

Thank you

[dj1971]

If GE provided the loan and took the monthly repayments then they are responsible, although they will almost certainly deny it.

 

I suggest you do a spreadsheet detailing the payments you have made and calculate the 8% statutory interest on top of each payment from the date of payment to the date you claim.

 

You can obtain this information from your credit agreement, which if you do not have will mean you need to do a full Subject Access Request to GE money requesting all information they hold on you as a data subject. This will include your credit agreement, statements etc.

 

Address the letter to the data protection officer and enclose a postal order for £10. Most important send by either recorded or special delivery as proof of postage. GE money must supply the information within 40 calendar days.

 

Any further questions do not hesitate to ask and someone will be able to help.

 

I myself have successfully reclaimed PPI on 2 barclaycard accounts and 4 loan accounts from barclays with the help of this fantastic site.

 

Good luck

 

DJ

[looser01]

Hello, DJ

 

Thank you for your super fast reply

 

i received the statemets which shows following

 

unpaid DD £20.00

missing istallment fee £30.00

calling in notice £25.00

settlement interest £286.00

settlement admi fee £200.00

 

Can i claim any of these amounts???

 

I want to send them a letter before action with the total claim, can you please let me know where i can find this or the best approach to GE?/ etc

 

Thanks again

[dj1971]

Looser,

 

In order to calculate the amount of claim, we also need:

 

1) The amount of monthly PPI repayment

2) Date of first repayment

3) Total number of repayments

4) Amount of interest charged for PPI/ APR

 

If you send this info then we can work out how much you are owed.

 

DJ

[looser01]

Hi, DJ

 

Looser,

 

In order to calculate the amount of claim, we also need:

 

1) The amount of monthly PPI repayment

The monthly ppi was including the loan repayment, loan 15000.00 + 2500ppi = 17250.00 monthly payment of £364.02 starting from 27 sep 05

 

 

2) Date of first repayment

27 sep 05

3) Total number of repayments

13 payments in total, this includes some large amount to clear the loan asap, last payment was on 26 oct 07 £17051.12

 

4) Amount of interest charged for PPI/ APR

27/06/05 to 15/08/ interest 9.0600 % then it goes up till 20/09/2007 11.1600 %

 

 

 

 

If you send this info then we can work out how much you are owed.

 

DJ

 

i hope this helps you, i'm really confused, also it says duration of agreement 062 months, but i paid it off earlier,on the customer declaratio tick box of the agreement it is ticked on SINGLE COVER BOX. this loan was done over the phone..

 

Thanks again

[dj1971]

Looser,

 

I know there is a lot to get your head around, but that is why there are more experienced people on the forum to help. We have all been there.

 

I have calculated the total of your claim to be:

 

PPI Charged: £2,500

Interest charged on PPI: £800.93

Statutory interest @ 8%: £255.29

 

Total claim = £3,556.22

 

Write a letter to GE money outlining why you believe the PPI was mis sold and requesting a refund of all premiums paid. Send either recorded or special delivery for proof of purchase. They must give a final response within 8 weeks.

 

Good luck

 

DJ

[frettful38]

encouraging news for borrowers

 

 

High Court Judge creates a legal precedent concerning mis-sold payment protection insurance

 

Important County Court decision could impact on lenders and brokers - Bridging And Commercial

[looser01]

Looser,

 

I know there is a lot to get your head around, but that is why there are more experienced people on the forum to help. We have all been there.

 

I have calculated the total of your claim to be:

 

PPI Charged: £2,500

Interest charged on PPI: £800.93

Statutory interest @ 8%: £255.29

 

Total claim = £3,556.22

 

Write a letter to GE money outlining why you believe the PPI was mis sold and requesting a refund of all premiums paid. Send either recorded or special delivery for proof of purchase. They must give a final response within 8 weeks.

 

Good luck

 

DJ

 

Thanks DJ

 

I sent off the letter today and call them in couple of days to see if it is received and let you know the progress etc etc.

 

once again many thanks for your help

[looser01]

Hi,DJ

Received letter from GE on 29th july 2010 from resolution team saying that i have to get in touch with THE PERSONAL LOAN EXPRESS broker also sent me FOS leaflet too.. and mentioned FSCS

 

i paid the money to GE not to the broker

 

What do i do now?? really frustrated now has anybody claimed successfully from GE

 

kindly please advice

 

Thanks mate

[dj1971]

Personally, I would contact the FOS by phone and seek their advice. They will be able to advise you on whether they can take the claim on or not.

 

Give them a call on Monday and see what they say.

 

DJ

[looser01]

Thanks, DJ

 

Will call them

[WILKINSS208]

are you any further forward, i have claim over 6 eyars old with ge money and nightmare to work with but not giving up

[looser01]

Ombudsman took details over the phone and said they will contact the brokerm they will respond to ppi missold, they are responsible for refund.

 

i now wait broker to reply and see what they have to say, ombudsman sent me a form & ppi questionair form t o send back to broker and copy to them as well.

 

now i wait and see ...

 

any help or suggestion as what else i can do to speed up process will be very much appreciated ..

 

Thanks again

[WILKINSS208]

how old is your claim?

[dj1971]

Looser,

 

I am surprised that the FOS have advised you to go after the broker.

 

Following this one with interest.

 

Good luck

 

DJ

[looser01]

Hi, DJ

 

Called GE today and spoke to their resolution team member, he says i have to go through broker as well.

 

Is there any other way around this??

 

Thanks again

[WILKINSS208]

how old is your claim

[looser01]

loan paid off may 2007

[WILKINSS208]

is the ruling from when loan was taken out or paid off

[dj1971]

Wilkins,

 

Of course GE will tell you to chase the broker. They have already got your money from you and definitely do not want to give it back.

 

Personally, I would post a question on the legal forum asking for suggestions/advice. Have a feeling FOS are leading you on a fools earn.

 

Let us know what they say on the legal forum.

 

DJ

[WILKINSS208]

i posted on legal but no one answered as yet, plenty viewed tho.

i feel like running a lost cause, may give up on this one.

[dj1971]

i posted on legal but no one answered as yet, plenty viewed tho.

i feel like running a lost cause, may give up on this one.

 

Don't give up just yet Looser, wait a bit longer for someone to reply in the legal forum and you certainly do still have the court route for this one at least.

 

DJ

[WILKINSS208]

i keep it going this weekend whilst on nights.....if no reply should i go court route

[dj1971]

Personally I would, but entirely your choice Wilkins.

 

DJ

[dj1971]

Personally I would, but entirely your choice Wilkins.

 

DJ