PPI: When I got into financial trouble, the bank did not remaind me I had paid for PPI - they kept quiet about it

[PaulS43]

Hi people,

 

I had PPI on a loan with one of the credit card companies. I'd forgotten that I had it. I ran into financial trouble a few years back - and although they agressively hounded me for money, they never once said PaulS43, there is Payment Protection Insurance with this loan - let's see whether a claim can be made I believe that they kept quiet about it because they had a financial interest in so doing.

 

Would it be fair to say I have a case for asking for the return of the premiums? The company have written to me to tell me that They didn't remind me I had PPI because they are not obliged to.

 

I won't print what I think of this - I'd rather hurt them in their pockets. Do I have a case?

[jdes26]

credit card or loan

do u have agreement if so u must get

[PaulS43]

I have copies of the credit agreements and interestingly note that the credit card agreement has the phraseology

"We will tell you from time to time the approved limit we have set and, if different, the individuallimit which you have chosen for the account."

 

 

Does this wording actually mean that I could if I so chose discontinue paying because I am not obliged to?

What's good for te goose, sauce and all, etc.

 

Without identifying myself (as I am sure them from the dark side reading these forums):

 

 

I had a credit card & personal loan.

I got into trouble at the end of 2006.

They immediately put the accounts with a DCA.

 

 

Over the last 3 years, I reached an arrangement with the DCA have paid around £6 a week off of each account

(both now stand at around £2 grand each)

 

 

but the thing is it was never enough and once every 6 months or so I would get the most spiteful intimidatory letters telling me that my house

(which actually belongs entirely to my wife) was going to get a charge notice, etc, etc, etc

- even though I was paying them...

 

 

. Someone asked me in April last year

"Didn't you have insurance (PPI)?"

 

 

Actually I did.

I wrote to the DCA and asked about the insurance.

They ignored ma and ignored me and ignored me.

 

 

In August, I said that I would stop paying entirely if they didn't answer what happened to the insurance.

DCA 1 said not paying would be the thing to do but the bank set another DCA on me who have relentlessly hounded me but I have steadfastly stated I won't pay anything until someone explains what happened to the insurance.

 

 

The letter telling me that "they didn't / don't have to tell / remind me that I had PPI" arrived from the bank between Xmas & New Year....

 

The thing is I have looked at the Credit Card Agreement carefully now

- and aside of the wording above which I have noticed,

nowhere can I see an endorsement or signature of mine giving them authority to help themselves to around a grandsworth of my money anyway.

 

As for the loan

- which does bear my signature against the PPI,

they have told me that but for the premium and interest on the premium,

the original loan itself has been paid off

(ie all that is left is money owed against the premium & interest on the insurance I'd forgotten about that they conveniently kept very quiet about).

 

 

I had felt prior to this constant stream of greedy bullying that I ought to pay them but now I really would like to tell them to poke it all where the sun don't shine.

 

How do I stand on them KNOWING I had PPI on a personal loan (but personally forgetting I had) where I reasonably now believe that they didn't tell me

 

 

"PaulS43 - there's insurance on these loans, let's see whether a claim can be made"

because doing so would have affected their bottom line.

 

 

These people are immoral if not dishonest.

This if not theft in the strictly legal sense of the word certainly is in the moral sense of the word.

 

 

I have not been very well and am able only to work part time since my melt down....

Their advice in their letter dismissing my "complaint" is that I should make a claim now but there are limits of 120 days....

 

 

In other words, the insurance on the loan (including interest thereon) has cost me £2,200 and they still expect me to pay it - even though they kept very quiet and did not remind me I had it. Is this mis-selling / fraud / theft ????

[jdes26]

ok

calm down

the credit card is easy if you didnt sign you will get your money

the loan you need to look at reasons why it was missold as you say it should of paid out if you wasnt working sick etc but it hasnt so get an sar off to credit card and loan workout ppi and we shall get some letters to you if u need sar i will post up

 

jdes

[PaulS43]

I have sent my Subject Access Request in by recorded delivery