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Claiming back PPI on a debt that was settled for less


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I had a halifax loan and I was mis-sold PPI. I had some personal problems which meant I was defaulted and could only afford a small amount each month towards the debt. I then came into money and arranged a settlement with them. Bal was 4K and I settled the debt for 2K.I wondered if I can claim PPI on this, will Halifax give the money to me or will they pay it back into the debt even though technically it's finished and they were happy with their final payment?Thanks

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No harm in trying, you might well find that they realised that they had mis sold the PPI and used that to balance their books. Give it a go.

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Uploading documents to CAG ** Instructions **

 

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Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

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.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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have a look at the wonderful stuff on the FOS website

 

fill out a complaint form & do a SOC and fire it off

 

it should go to you pocket, regardless to the F&F

 

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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PPI is totally separate to the loan in any case. ;)

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I had a similar experience with CAP 1 - Reduced Settlement for them to close the account without incurring default, they settled on PPI complaint but were able to offset the refund against what would have been owing as citizenb says balancing their books. The FOS said they were in their rights to do it too! You have nothing but your own time to lose and a few pence in stamps and you never know if your PPI plus interest could be worth more than what they effectively let you off paying anyway and you would if they did try and balance the books get something back!

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urm...something not right there, the PPI you actually PAID can only be offset against the arrears - not the total outstanding balance, the rest should go to your pocket.

 

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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  • 2 years later...

Sorry for bumping an old thread but anyone else got any take on this?

 

I'm in the same boat, settled full and final with welcome finance for £1200 (have it in writing) on a 3500 balance. PPI claim accepted in my favour for £2200 but they're keeping it saying the account was closed with a balance and they're well within their rights to keep the lot.

 

:(

Completed:

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Ongoing:

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You might want to take this to the Financial Ombudsman, analyst.

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

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.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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the arrears notices sadly play no further part here

 

you f&F 'd before reclsiming ssilly mistake

 

what you need to do now is reconstruct your spreadsheet to show this

 

if it gives you a positive bal than that comes to yyou.

 

is this welcome themselves or the fscs?

 

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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