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    • Thanks for all the suggestions so far I will amend original WS and send again for review.  While looking at my post at very beginning when I submitted photos of signs around the car park I noticed that it says 5 hours maximum stay while the signage sent by solicitor shows 4 hours maximum stay but mine is related to electric bay abuse not sure if this can be of any use in WS.
    • Not sure what to make of that or what it means for me, I was just about to head to my kip and it's a bit too late for legalise. When is the "expenditure occured"?  When they start spending money to write to me?  Or is this a bad thing (as "harsh" would imply)? When all is said and done, I do not have two beans to rub together, we rent our home and EVERYTHING of value has been purchased by and is in my wife's name and we are not financially linked in any way.  So at least if I can't escape my fate I can at least know that they will get sweet FA from me anyway   edit:  ah.. Sophia Harrison: Time bar decision tough on claimants WWW.SCOTTISHLEGAL.COM Time bar is a very complex area of law in Scotland relating to the period in which a claim for breach of duty can be pursued. The Scottish government...   This explains it like I am 5.  So, a good thing then because creditors clearly know they have suffered a loss the minute I stop paying them, this is why it is "harsh" (for them, not me)? Am I understanding this correctly?  
    • urm......exactly what you filed .....read it carefully... it puts them to strict proof to prove the debt is enforceable, so thus 'holds' their claim till they coughup or not and discontinue. you need to get readingthose threads i posted so you understand. then you'll know whats maybe next how to react or not and whats after that. 5-10 threads a day INHO. dont ever do anything without checking here 1st.
    • I've done a new version including LFI's suggestions.  I've also change the order to put your strongest arguments first.  Where possible the changes are in red.  The numbering is obviously knackered.  Methinks stuff about the consideration period could be added but I'm too tired now.  See what you think. Background  1.1  The Defendant received the Parking Charge Notice (PCN) on the 06th of November 2020 following the vehicle being parked at Arla Old Dairy, South Ruislip on the 05th of December 2019.  Unfair PCN  4.1  On XXXXX the Defendant sent the Claimant's solicitors a CPR request.  As shown in Exhibit 1 (pages 7-13) the solicitors helpfully sent photos of 46 signs in their evidence all  clearly showing a £60.00 parking charge notice (which will  be reduced to £30 if paid within 14 days of issue).  There can be no room for doubt here - there are 46 signs produced in the Claimant's own evidence. 4.2  Yet the PCN affixed to the vehicle was for a £100.00 parking charge notice (reduced to £60 if paid promptly).  The reminder letters from the Claimant again all demanded £100. 4.3        The Claimant relies on signage to create a contract.  It is unlawful for the Claimant to write that the charge is £60 on their signs and then send demands for £100.   4.4        The unlawful £100 charge is also the basis for the Claimant's Particulars of Claim. No Locus Standi 2.1  I do not believe a contract exists with the landowner that gives MET Parking Services a right to bring claims in their own name. Definition of “Relevant contract” from the Protection of Freedoms Act 2012, Schedule 4,  2 [1] means a contract Including a contract arising only when the vehicle was parked on the relevant land between the driver and a person who is-  (a) the owner or occupier of the land; or  (b) Authorised, under or by virtue of arrangements made by the owner or occupier of the land, to enter into a contract with the driver requiring the payment of parking charges in respect of the parking of the vehicle on the land. According to https://www.legislation.gov.uk/ukpga/2006/46/section/44  For a contract to be valid, it requires a director from each company to sign and then two independent witnesses must confirm those signatures.  2.2  The Defendant requested to see such a contract in the CPR request.  The contract produced was largely illegible and heavily redacted, and the fact that it contained no witness signatures present means the contract has not been validly executed. Therefore, there can be no contract established between MET Parking Services and the motorist. Even if “No Parking in Electric Bay” could form a contract (which it cannot), it is immaterial. There is no valid contract. Illegal Conduct – No Contract Formed  3.1 At the time of writing, the Claimant has failed to provide proof of planning permission granted for signage etc under the Town and Country Planning Act 1990. Lack of planning permission is a criminal offence under this Act and no contract can be formed where criminality is involved.  3.4        I also do not believe the claimant possesses this document.  No Keeper Liability  5.1        The defendant was not the driver at the time and date mentioned in the PCN and the claimant has not established keeper liability under schedule 4 of the PoFA 2012. In this matter, the defendant puts it to the claimant to produce strict proof as to who was driving at the time.  5.2 The claimant in their Notice To Keeper also failed to comply with PoFA 2012 Schedule 4 section 9[2][f] while mentioning “the right to recover from the keeper so much of that parking charge as remains unpaid” where they did not include statement “(if all the applicable conditions under this Schedule are met)”.    5.3        The claimant did not mention the parking period instead only mentioned time 20:25 which is not sufficient to qualify as a parking period.   Protection of Freedoms Act 2012  The notice must -  (a) specify the vehicle, the relevant land on which it was parked and the period of parking to which the notice relates; 22. In the persuasive judgement K4GF167G - Premier Park Ltd v Mr Mathur - Horsham County Court – 5 January 2024 it was on this very point that the judge dismissed this claim. 5.4  A the PCN does not comply with the Act the Defendant as keeper is not liable.   Interest 6.2  It is unreasonable for the Claimant to delay litigation for four years in order to add excessive interest. Double Recovery  7.1  The claim is littered with made-up charges. 7.2  As noted above, the Claimant's signs state a £60 charge yet their PCN is for £100. 7.3  As well as the £100 parking charge, the Claimant seeks recovery of an additional £70.  This is simply a poor attempt to circumvent the legal costs cap at small claims. 29. Since 2019, many County Courts have considered claims in excess of £100 to be an abuse of process leading to them being struck out ab initio. An example, in the Caernarfon Court in VCS v Davies, case No. FTQZ4W28 on 4th September 2019, District Judge Jones-Evans stated “Upon it being recorded that District Judge Jones- Evans has over a very significant period of time warned advocates (...) in many cases of this nature before this court that their claim for £60 is unenforceable in law and is an abuse of process and is nothing more than a poor attempt to go behind the decision of the Supreme Court v Beavis which inter alia decided that a figure of £160 as a global sum claimed in this case would be a penalty and not a genuine pre-estimate of loss and therefore unenforceable in law and if the practise continued, he would treat all cases as a claim for £160 and therefore a penalty and unenforceable in law it is hereby declared (…) the claim is struck out and declared to be wholly without merit and an abuse of process.” 30. In Claim Nos. F0DP806M and F0DP201T, District Judge Taylor echoed earlier General Judgment or Orders of District Judge Grand, stating ''It is ordered that the claim is struck out as an abuse of process. The claim contains a substantial charge additional to the parking charge which it is alleged the Defendant contracted to pay. This additional charge is not recoverable under the Protection of Freedoms Act 2012, Schedule 4 nor with reference to the judgment in Parking Eye v Beavis. It is an abuse of process from the Claimant to issue a knowingly inflated claim for an additional sum which it is not entitled to recover. This order has been made by the court of its own initiative without a hearing pursuant to CPR Rule 3.3(4)) of the Civil Procedure Rules 1998...'' 31. In the persuasive case of G4QZ465V - Excel Parking Services Ltd v Wilkinson – Bradford County Court -2 July 2020 (Exhibit 4) the judge had decided that Excel had won. However, due to Excel adding on the £60 the Judge dismissed the case. 7.7        The addition of costs not previously specified on signage are also in breach of the Consumer Rights Act 2015, Schedule 2, specifically paras 6, 10 and 14.  7.8        It is the Defendant’s position that the Claimant in this case has knowingly submitted inflated costs and thus the entire claim should be similarly struck out in accordance with Civil Procedure Rule 3.3(4).  In Conclusion  8.1        I invite the court to dismiss the claim. Statement of Truth I believe that the facts stated in this witness statement are true. I understand that proceedings for contempt of court may be brought against anyone who makes, or causes to be made, a false statement in a document verified by a statement of truth without an honest belief in its truth. 
    • Scottish time bar: Scottish appeal court re-affirms the “harsh” rule (cms-lawnow.com)  
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Me to Challenge HFC Bank


ims21
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Hi all

 

I have received help elsewhere on the forum for mortgage matters and, having read through a lot of the threads here, I would like to start a process to get my charges etc back from HFC Bank.

 

I am starting to get my finances back on an even keel and I wonder of I could get some advice on the following scenario please.

 

I took out an HFC Current Account Plus in 1988 and all ran very well until I hit my downturn in about 2006/2007.

 

Anyway, the long and the short of it is that I got into arrears etc. etc.

 

HFC issued a defaul notice under S87(1) CCA 1974 in Feb 2009 ( I have the document). Since then I have made sporadic payments and have been threatened by the likes of CapQuest and HL Legal for doorstep visits and further action. Thisd I can handle at the moment (but will come back for advice iof they get too heavy).

 

I have many of my statements (but not all) and they stopped when the default was issued.

 

On the statements I can see things like Admin Fee £15 (presumable for either being over limit or late with payment, Protection premiums (Appears to be a percentage of the balance outstanding) and a Default Fee of £50 at the time when they sent the default notice.

 

My questions are

 

1 Are the £15 Admin Fees lawful (there are a fair few of them)?

 

2 What about the £50 default fee?

 

3 The insurance appears to be PPI. How do establish whether I can claim this back given that the agreement was back in 1988? I am not sure how to establish whether it was mis-sold...I certainly didn't ask for it or want it.

 

4 Any ideas as to how far back I can go with the cliam, if indeed I do have a valid claim?

 

Subject to advice on the above I will SAR them to get the complete set of statements and other stuff and get to work.

 

Thanks in advance

 

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PPI on a current account ? Or is this some form of credit account ?

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Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

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Hi

 

Thank you for your reply citizenB.

 

Their Current Account Plus product was, from memory, one of these accounts that you could use either as a bank account or a loan account. They gave you a credit limit and you could, if you wish, use that amount of credit. Unlike a bank overdraft, this account gave you a minimum monthly repayment should you use the overdraft facility so was operated like a credit card as far as I can see. They sent a monthly statement showing the transactions on the account and the minimum payment to be paid. While you were in the black, no Insurance premiums are put on the account.

 

I don't have the priginal agreement or application unfortunately.

 

I guess the account was set up under the CCA regs in force at that time becuase the default notice was issued under the CCA 1974.

 

Does this information help?

 

Thanks

 

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Hi

 

Back again after digging around my statements.

 

Between the dates of July 2000 and February 2009 I have identified 45 Admin Fees of £15 each plus a returned cheque fee of £20 and the default fee of £50 which was applied to the account when they issued a default notice.

 

I feel I should be able to reclaim all of these plus restitutionary interest but does the default fee fall into the category of a charge that can be reclaimed.

 

Although I haven't got anything concrete or an answer to a previous post yet, I assume that as a default notice was issued under the CCA 1974 this is a credit agreement. Even if it is not, am I right in thinking that I should still be able to reclaim these charges plus the interest mentioned.

 

I am prepared to go all the way with them if need be but need some guidance please.

 

Would I be wise to CCA them to get a copy of the agreement or has anyone heard of the the HFC current account plus product?

 

Finally, CapQuest are currently attempting to collect the balance on this account so if it is necessary to get the copy of the agreement, should I send CapQuest the CCA request or send it directly to HFC?

 

Thanks in advance

 

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Hi,

 

If Capquest are dealing with the account send the CCA request to them.

Reclaiming charges from a Current Account is a bit of a non starter because of the result in the Court Case, Credit Card charges are still reclaimable.

Any advice I give is honest and in good faith.:)

If in doubt, you should seek the opinion of a Qualified Professional.

If you can, please donate to this site.

Help keep it up and active, helping people like you.

If you no longer require help, please do what you can to help others

RIP: Rooster-UK - MARTIN3030 - cerberusalert

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Hi

 

Thanks for your reply.

 

So I guess I need to be sure what type of agreement is it is and the only way to do that is to CCA to get the agreement. Certainly it wasn't a credit card but it was a credit agreement. Does this make a difference? If it comes back and it says that it is a credit agreement regulated under the 1974 Act, does this make a difference?

 

Also, there was PPI taken monthly on the account. How do I go about finding out the legitimacy of the PPI charges please?

 

Thanks again

 

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Hi,

 

Current Accounts are not regulated under the Act, send the CCA request and see what sort of responce you get.

 

Regarding the PPI have a look at the 'sticky's' at the top of the PPI Forum in this 'link'..........

 

http://www.consumeractiongroup.co.uk/forum/forumdisplay.php?111-Payment-Protection-Insurance-%28PPI%29

 

That should help you decide how to proceed.

Any advice I give is honest and in good faith.:)

If in doubt, you should seek the opinion of a Qualified Professional.

If you can, please donate to this site.

Help keep it up and active, helping people like you.

If you no longer require help, please do what you can to help others

RIP: Rooster-UK - MARTIN3030 - cerberusalert

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A little update.

 

Had a letter from ScotCall today stating that they had and amount of £XXXX due on this account and that they require immediate payment.

 

Going to send them a CCA first thing tomorrow and see what they come back with.

 

Regarding the PPI, I have read up on this and I can only find mention of "Up Front" payments or monthly premiums of regular amounts. My statements show varying amounts which were deducted once a month. They seem to be a percentage of the amount outstanding. Any ideas on this please?

 

Maybe the document I get from Scotcall will shed some light.

 

Also, I was actually self-employed when I took this out and I wasn't asked any questions about it. I was just told that it included a provision whereby if I was out of work or sick then the payments would be covered.

 

See what comes back from them (if indeed thay have the proper docs)

 

ims

Edited by ims21

 

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you didn't indicate this one IMS.

 

see my threads - know these A/C 's well.

 

more once i've read your thread.

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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http://www.consumeractiongroup.co.uk/forum/showthread.php?275079-dx100uk-v-hfc-ppi-account-3

 

i do not have the agreement

but there was one

but its been distroyed [more than 6 yrs closed]

 

FYI: its a LOAN and you can reclaim ALL the PPI payments

 

as for charges, sadly, i doubt you'll get any passed 6yrs old.

 

here are specimine docs from someone elses thread on here

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Hi dx

 

Thanks for your time on this.

 

Thought it might be useful if I posted a statement for the Current Account Plus. As you can see I could write cheques on the account but it had a credit limit and the PPI payment is shown. It ws a fluid account, no fixed monthly payment, just a minimum (like a credit card) but with cheques instead of a card.

 

So it's a loan then. And qualifies to get the PPI back but the charges going back 6 years?

 

Also, didn't quite follow you in your previous post where you said "you didn't indicate this one IMS".

 

Also, PPI premiums plus restitutionary + simple or just premiums + simple?

 

Thanks again

 

HFC Statement.pdf

Edited by ims21

 

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what i meant by the comment was

on the left under my name

 

its says i hate hfc

 

as i'm on one of your other thread i thought you might have spotted it and mentioned this thread........

 

the ppi reclaim will be the monthly PPI charge for that month + int at their rate for that month + 8% - till the date of your claim...do that for each payment to the date of your claim

 

dj1971 is about - ping him

 

FYI: my a/c was exactly the same but i never signed anything

i had to pay by cash over the branch counter

and they said the IC had to come out of another bank a/c

 

its with the FOS now

 

dx

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Oh right.....sorry...never thought to draw your attention to this one. I can see how you'd like to get your teeth into another HFC case.

 

As suggested I will try and get in touch with dj1971 and ask him to have a look in.

 

Thanks again

 

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OK

 

So CCA has gone to Scotcall today. Unfortunately missed the collection for today so will be taken by Post Office on the 8th. Used a tamper-proof sig box from this site as I know that they will come back and ask for a sig.

 

By my reckoning 12+2 working days is 27 April

 

Lets see what they've got

 

ims

 

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Received a reply from Scotcall today dated 11 April. Looks like they have dropped this like a Hot Spud as soon as they got the CCA. They have returned my original letter and the postal order.

 

So, is it now a CCA to Capquest please?

 

Thanks

 

ims

ScotCall CCA Reply.pdf

Edited by ims21

 

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Hi all

 

I've been working on this charges/PPI claim and completed my spreadsheet for the PPI part. I have statements going back to 2000 and the amount of PPI charged from then is about the £2.5k mark. I have also calculated the compound interest which comes out to about the £12k mark using their average interest rate over the years.

 

Thing is, this claim is well over the £5k for small claims court. Can anyone point me in the direction of information on how to make a claim of this magnitude. I am of course assuming that I can claim compund interest on tis becasue they have had the use of my money on what I believe to be a mis sold PPI and charged me interest on it. Please correct me if I am wrong and if I can only claim the statutory interest should this go to court.

 

Thanks in advance

 

ims

 

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Received a reply from Scotcall today dated 11 April. Looks like they have dropped this like a Hot Spud as soon as they got the CCA. They have returned my original letter and the postal order.

 

So, is it now a CCA to Capquest please?

 

Thanks

 

ims

so CQ sent SC around then?

 

i bet the cca does not exist,

like all HFC stuff of any amount of years, they destroyed everything when they found out the PPI investigation/fine was coming their way in an attempt to confuse reclaimers.

 

like me, you have the statements

but , as its stands, the FOS have fallen on HFC's side as 'in all probability' it [the IC protection] was sold properly.

i've now esc'll it to the ombudsman.

 

i'd not worry about the size of it,

just wait fir their final response [which will be bug off]

then go to the FOS

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Hi dx

 

Thanks for your reply. Well, SC didn't actually come round, they have written on a few occasions. So I sent them a CCA and they appear to have dropped it like a hot spud! claim they have sent it back to CQ. Will wait to see what comes fom CQ and I will CCA them as well (since SC sent me my postal order back).

 

So for this PPI, you think court is not going to work and fos is the place to be going?

 

Going to have a root around in the loft tonight to see if by any chance I have hung on to any really old papers from HFC which might help.

 

Thanks for your time dx

 

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lets waits and see what you find.........

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Hi

 

Right, had a good rummage and cannot find any further docs from HFC so in summary this is where I'm at....

 

 

  1. HFC Current Account Plus (Which I am told is one of their loan products) taken out in 1988
  2. I have statements going back to early 2000
  3. PPI paid to them monthly as a percentage of o/s amount on the account
  4. From 2000 to 2009 some £750 in Admin Fees
  5. I believe PPI mis sold as I was self employed and got no documents or interview regarding suitability of product
  6. PPI from 2000 to 2009 amounts to about £2.5k
  7. CI on this PPI is about the £12k mark
  8. Looking to claim back the Admin Fees plus CI
  9. Looking to claim back PPI plus CI
  10. Looking dodgy as to whether HFC will have a CCA document

Just need some pointers on a couple of specifics if I may.

 

First, can the Admin Fees be claimed back on this type of account? If so, shall I start a claim for those and deal with the PPI as a seperate issue?

 

Second, Is the PPI claimable with CI given the mis-sold secription given above? Can this be done as a seperate claim fom the charges?

 

Third, if the PPI can be claimed and is well over the £5k small claim limit, what court route do I take for this?

 

Lastly, as I have statements going back to 2000 and not beyond, Can I just start my claims from that date and not bother about anything that happened before then? To be honest, if I were able to get the Admin Fees, PPI and CI on htme both from 2000, I'd be happy. OR should I really go to town, do the SAR on HFC and go for it right the way back to inception?

 

Thanks for any help you can give as I am now totally confused by this one.

 

All the best

 

ims

 

Edited by ims21

 

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Hi

 

Having thought about this further, I am sure that the PPI was mis-sold. Would I be better posting for help on this in the PPI forum?

 

Also do I take it that I won't be able to claim these admin fees back for any period earlier than 2005 i.e. 6 years ago. If that is so I can leave the charges reclaim in this thread and seek advice on what will be a significant PPI claim in the PPI forum?

 

Thanks

 

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Hi

 

Right, had a good rummage and cannot find any further docs from HFC so in summary this is where I'm at....

 

 

  1. HFC Current Account Plus (Which I am told is one of their loan products) taken out in 1988
  2. I have statements going back to early 2000
  3. PPI paid to them monthly as a percentage of o/s amount on the account
  4. From 2000 to 2009 some £750 in Admin Fees
  5. I believe PPI mis sold as I was self employed and got no documents or interview regarding suitability of product
  6. PPI from 2000 to 2009 amounts to about £2.5k
  7. CI on this PPI is about the £12k mark
  8. Looking to claim back the Admin Fees plus CI
  9. Looking to claim back PPI plus CI
  10. Looking dodgy as to whether HFC will have a CCA document

Just need some pointers on a couple of specifics if I may.

 

First, can the Admin Fees be claimed back on this type of account? If so, shall I start a claim for those and deal with the PPI as a seperate issue? - yes and sep claims

 

Second, Is the PPI claimable with CI given the mis-sold secription given above? Can this be done as a seperate claim fom the charges? - as it was a loan but has pcm ppi - you can compound it [bit like a credit card]

Third, if the PPI can be claimed and is well over the £5k small claim limit, what court route do I take for this? - i'd use fos.

Lastly, as I have statements going back to 2000 and not beyond, Can I just start my claims from that date and not bother about anything that happened before then? To be honest, if I were able to get the Admin Fees, PPI and CI on htme both from 2000, I'd be happy. OR should I really go to town, do the SAR on HFC and go for it right the way back to inception? - pers i'd sar hfc - lets see what comes out the woodwork

 

Thanks for any help you can give as I am now totally confused by this one.

 

All the best

 

ims

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Hi dx

 

Thanks for your time on this.

 

Will do the SAR for HFC by the end of the week

 

Do you still think I can only go back 6 years for the Admin fees. I have the Cap1 credit card claim where I am going back to 2001 and you liken this type of HFC account to a credit card (rolling credit etc).

 

One final point, I have read the PPI forum extensively and some seem to go to fos and others go the court route. I don't understand what issues dictate what the best route is for a PPI cliam. Any advice?

 

Sorry to keep asking this stuff but I am slowly learning and am very nearly ready to have a go at this bunch.

 

Many thanks

 

ims

 

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  • 3 weeks later...

Hi there

 

Just an update.

 

Sent off SAR and got a letter back asking for proof of ID. Supplied copy of driving licence with photo and signature removed so it basically confirms name and address. Their letter is headed "Loan Agreement" followed by the account number. Told them that there was no requirement for me to supply this proof and that as far as I was concerned they were alreadys satisfied as to my ID when they were chasing me for payments and to get on with sending me my documents. I consider the 40 days time limit runs from the date of the first SAR.

 

As this is effectively confirmed as a loan (which the SAR will probably back up) I am now more convinced that this is available for claiming back the charges/admin fees etc (rather like a credit Card) in addition to the PPI.

 

When I get the SAR documents back I will start a PPI thread but just wanted to make sure that a claim for the charges is valid now that we know it is a loan agreement.

 

Thanks

 

ims

 

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