PPI Claim - Disability Living Allowance

[Mygirl2007]

I am looking into whether or not my mum has grounds to claim back her PPI

 

she was and still is in receipt of Disability Living Allowance at the time she signed her agreements.

 

There are 3 loans in total, dated 2003/2007 & 2009.

 

All 3 are with Lloyds TSB and were done face to face in their branch, they were aware that she was on DLA.

 

She has not worked since 1994, on medical grounds.

 

She was on incapacity at some point but not when she signed for the PPI ,when she started to receive widows benefit, the incapacity benefit was stopped.

 

She does not work for health reasons.

 

I am not sure if she is classed as retired/unemployed or non employed.

 

Looking over the T&C it looks as if the only part of the policy she would be eligible for is life cover.

 

Would they sell a PPI just for the life cover,

 

is this grounds for a claim?

 

Any advice appreciated.

[dx100uk]

i dont think you really need to worry 'too' much

about the reasons why you think the PPI was mis-sold.

 

and i think you need to get a wee bit more inbfo before you start.

 

it would certainly ramp up what she will get back if these loans were 'refinanced'

 

i'e a new loan was taken out which 'paid-off' the old loan.

 

if this was done, she will have PPI on PPI and PPI Int on PPI Int.

 

has she got all the agreements and is the current loans still runnig.

 

have a look through no.1. in my sig too.

 

looks like she might be in for a very large windfall!

 

dx

[Mygirl2007]

Thanks for the quick reply.

 

Yes these were refinanced loans and the 2009 loan is still running, however she cancelled the PPI sometime in 2009.

 

We have the agreement for all 3 loans

 

.How do I look at no.1 in your sig? (apologise I am new to this)

 

I have started to complete 3 FOS questionaires for these claims,

 

I would be thankful for any advise completing these.

 

I dont want to make a mess of it for her and dont want to enlist the services of a claims company.

 

She also has a credit card with them that also has PPI still active on it.

 

I have not even started looking into the details of the credit card yet.

 

Many Thanks

[dx100uk]

no.1. in my sig below - click the read here in blue

 

as for the credit card its no three

 

to post up the agreements as follows:

 

scan the required letters/agreements/sheets

as a picture file

remove all pers info inc barcodes etc using paint

but leave all figures and dates.

goto one of the many free online pdf converter websites

convert the image to pdf format.

or if you have PDF as an installed printer drive use that

or use word and save as pdf

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

NB:you can set where it goes in the post by hitting insert inline.

the hit reply button

 

as for the fos questionaire

 

you don't HAVE to answer all the boxes

 

dont commit to 'exact' reasons why it was mis-sold

 

mores the point to concerntrate on the fact that it was portrayed as complusory or no loan or rollover

even though she questioned why she needed it because of XYZ.

 

and it matters not that the running loans PPI is cancelled either

simple task

when you've got the info up

i'll get someone online here

if ims21 does not see this in the morning

 

dx

[ims21]

Morning

 

Happy to help with the calcs.

 

Won't be around until mid to late afternoon so have a go and I'll check back later.

 

ims

[Mygirl2007]

Hi There,

 

Please find attached the 3 letters for the loans. The Feb2009 is over 2 pages, with the PPI on the 2nd page.

 

Should I be going down the line the fact she was on disability living allowance at time of agreement to submit her claim.

 

Thanks in advance.scan0001.pdf

[ims21]

Hi

 

Loan 1 PPI monthly payment is £72.71, Loan 2 is £54.65 and loan 3 is £71.92.

 

When loan 1 was refinanced into loan 2, part of the loan 1 balance would have contained the balance on the PPI part of the loan. So in effect, part of your loan 2 repayments were going towards paying off loan 1 ppi.

 

Similar thing happens when you refinanced into loan 3.

 

The thing that woudl change the equation is whether you received any rebates of PPI when the rfinancing took place....did you get any rebates?

 

Do you have all of the statements for the loans OR the current account statements to show the dates of the monthly payments towards the loans?

 

Have you read the article linked in No.1 of mine and dx's signatures yet? If not, you would do well to have a read.

 

ims

[Mygirl2007]

Hi

 

Loan 1 PPI monthly payment is £72.71, Loan 2 is £54.65 and loan 3 is £71.92.

 

When loan 1 was refinanced into loan 2, part of the loan 1 balance would have contained the balance on the PPI part of the loan. So in effect, part of your loan 2 repayments were going towards paying off loan 1 ppi.

 

Similar thing happens when you refinanced into loan 3.

 

The thing that woudl change the equation is whether you received any rebates of PPI when the rfinancing took place....did you get any rebates?

 

Do you have all of the statements for the loans OR the current account statements to show the dates of the monthly payments towards the loans?

 

Have you read the article linked in No.1 of mine and dx's signatures yet? If not, you would do well to have a read.

 

ims

 

No rebates that we are aware of. No, we do not have loan statements. We do have some current account statements.We know the PPI payment was collected with the loan repayment as 1 payment for loan 1 & 2 while bothloans were still running. On loan 3 the PPI payment was seperate and we are going through statements to find thedate of the last payment for this as we cancelled it somtime in 2010.I was thinking that we dont need to apply for a SAR as long as we know the date of of the last payment for the PPI for loan 3.As the PPI was paid for the duration of loans 1 & 2. What do you think?I have been reading over link No.1.,, need to read it a couple of times to fully take it in.I need to get my head around creating a SOC. What are your thoughts on submitting a claim without one?.Thought I would still create one to have a comparison.For section E of the FOS, I was consifdering putting..."I am retired and in recipt of disability living allowance and therefore will not be eligible for any payments from the PPI if I find myself unable to meet my debt repayments. Your salesperson knew this at the time of sale but did not point out to me that this would make the insurance policy useless to me. Kind Regards

[ims21]

Hi

 

Thanks.

 

What we will need (ideally) is the date of each month's payments fror all loans. If we say that the first loan was taken out in July '03 then it is likely that the first payment went out in August. Any ideas as to what date...ie. 1st of the month, 5th of the month.

 

Same for loan 2.

 

In a case like this it is always a good idea to prepare the SOC because it is likely that the bank won't get it right in view of the rollover of PPI. Don't worry, I'll help you get the right figure...just need to get the base information first.

 

When we can work out how many payments were made on loan 1 we can work out what the ppi balance was that was transferred into loan 2. The reason this is important is that you will be claiming interest back on the ppi payments actually made.

 

When loan 3 PPI was cancelled, I guess there was no rebate there either?

 

When you have read the link a couple of times, don't forget to download the two spreadsheets at the end and we'll go through them together to fill in the relevant data.

 

ims

[Mygirl2007]

Hi

 

Thanks.

 

What we will need (ideally) is the date of each month's payments fror all loans. If we say that the first loan was taken out in July '03 then it is likely that the first payment went out in August. Any ideas as to what date...ie. 1st of the month, 5th of the month.

 

Same for loan 2.

 

In a case like this it is always a good idea to prepare the SOC because it is likely that the bank won't get it right in view of the rollover of PPI. Don't worry, I'll help you get the right figure...just need to get the base information first.

 

When we can work out how many payments were made on loan 1 we can work out what the ppi balance was that was transferred into loan 2. The reason this is important is that you will be claiming interest back on the ppi payments actually made.

 

When loan 3 PPI was cancelled, I guess there was no rebate there either?

 

When you have read the link a couple of times, don't forget to download the two spreadsheets at the end and we'll go through them together to fill in the relevant data.

 

ims

 

I will be in touch in a couple of days, hopefully with these details.Thanks for all your help.