ppi reclaim without account details

[mandamoo2]

Hi - my brother has 2 ppi's but the accounts are closed and he doesn't have the account details, we know the 2 companies :

 

1. Peugeot's Finance company in 2005

2. A loan from Tesco

 

How do we go about starting this without the account/loan details please?

 

kind regards

 

Manda

[ims21]

Hi and welcome to CAG.

 

You will need to send a Subject Access Request (SAR) to each lender. Template is in the CAG library, the link to which is at the top of every CAG page in green.

 

Make sure you give full name and the address(es) you were at when the loans were taken out and for the duration of them.

 

ims

[mandamoo2]

Hi - thank you for that, ill start the process and report back

 

Many thanks

 

Amanda

[mandamoo2]

Hi - i am claiming back my sister in laws ppi's for her and she has found the following, please could i have some advice as to what letters to send them to start claiming back please and if this is ok?

 

1. Peugeot Finance - ppi included, not sure how much she actually paid as the load was over 60 months but cleared before the end of the term. Its was taken out in her maiden name in 2007 and paid it until at least 2010 @ around £28 pcm (ppi payment). I have got the loan account details and their address etc.

 

2. Tesco finance - 2 loans - only found the documents for 1 though, the loan was taken out in 2007, got the account details for this too but not the first loan with them. The 2nd one says on the agreement that the ppi was £2000, the loan was £12000.

 

How far can we claim back? what letters do i need to send now and how do i get th einfo for the first loan with tesco please

 

many thanks

 

Amanda

[ims21]

Two threads merged.

 

Did you send the SAR letters as previously advised?

[mandamoo2]

Hi - not as yet, we have only just got the account details yesterday we needed those first. Do we still need to send in an SAR if we know the amounts of ppi exactly?

 

many thanks

 

Amanda

[ims21]

The Tesco one you haven't got the agreement for have you?

 

Did the second Tesco Loan pay off the first one?

 

As regards the other one you don't know when the account was settled or how many payments were made.

 

This being the case I would SAR each of them to get the full account history. From the information that comes back you should be able to prepare a spreadsheet showing how much you should expect to receive.

 

For the Tesco SAR make sure you include a paragraph to the effect that you want copies of all and any loan agreements.

 

You will also need a fos questionnaire which is available from the fos website. This will go with your claim letter to the lender but before you do anything I would get the SAR information

 

ims

[mandamoo2]

Hi Ims

 

re: Tesco - yes the second loan paid off the first one. Got the full credit agreement for the second one and amount of ppi - this loan was paid in full.

 

re: peugeot, i have the credit agreement, amount of ppi per month and run down from them of how many payments were made and when until

 

would you still send sar? can we ask tesco about the first loan in the sar?

 

kind regards many thanks

 

Amanda

[ims21]

SAR Tesco...you want that first agreement and by doing a SAR you should get everything including transaction history

 

So you do have a record of the payments made for the Peugeot one. Do you also have the settlement figure for when it was paid off early. If not SAR them too to get the full picture

[mandamoo2]

Just checked - no not the settlement figure - ill send both an sar and report back, asked in the Tesco one about any previous loans too

 

many thanks

 

Amanda

[mandamoo2]

Hi, got the tesco one back - there are 3 loans as follows:

 

1. taken out 2005 - ppi £501.00 - repayed early 25/9/2006 with another loan with tesco

2. taken out 25/9/2006 - ppi £1,257 + interest, on their document = £1719) - repayed early 19/9/2007 with another loan with tesco

3. taken out 19/09/2007 - ppi £2048 + interest, on their document = £2228 - early repayment 20/01/2011 with another loan with another company

 

still waiting for the Peugeot one to come back, what should i do with the tesco ones now?

 

kind regards

 

Amanda

[ims21]

Hi

 

Have a read through No.1 in my signature...it tells you how to work out your claim amount

 

ims

[mandamoo2]

Hi if i click on your signature it takes me through to a screen to sign up vis paypal is that right?

 

many thanks

 

Amanda

[ims21]

No

 

Don't click the word "signature"....look at the list of numbered items at the foot of my posts....No.1 is called "Single Premium PPI Q&A"...the blue "Read Here" is a link

 

ims

[mandamoo2]

Hi - just had a read through have got to get a move on with them, it looks like all 3 loans were tesco and each one was paid off with another - would you calculate all 3 on the spreadsheet? once thats input whats the template letter to send and do you have to send the spreadsheet with it?

 

Can they deal with all 3 combined?

 

sorry this is kind of more complicated than the bank charge thing ill get the hang of it

 

kind regards

 

Amanda

[ims21]

Yes they can deal with all three combined.

 

There isn't a template letter. Send a completed fos questionnaire, print out of completed spreadsheet and a brief covering letter.

 

One spreadsheet will handle it all for you (StatIntSheetv101.xls) although you may need to use LoanAnalysis.xls when calculating the settlement figures for each loan

 

Have you got all the figures on the agreements from Tesco yet?

[mandamoo2]

Thanks for replying, yes got those, its working it as they are early repayments, i have got as far as this?

 

1. ppi - £501 - 48 payments of £13.57 = £651.36 which includes the interest - i have added up the payments which were 14 @ £13.57 then the settlement was £2618.00 which i divided by monthly payments which came to an estimated 27.62 payments then multiplied the £13.57 by that and added 8% which comes to £564.78 - is that right?

 

I am struggling with the loan calculator so did it that way above ? bear with me sorry,

 

Where is the link to the stat sheet and questionnaire?

 

kind regards and thanks

 

Amanda

[mandamoo2]

ok got stat sheet - do i add every payment for all 3 loans into it? or do i do one for each as the ppi payments are different?

 

kind regards

 

Amanda

[ims21]

You need to know what percentage the ppi was to the total of loan 1.

 

What was the cash loan amount for loan 1 (excluding the PPI loan)?

 

Statutory interest sheet is here

 

StatIntSheet v101.xls

 

Fos consumer questionnaire is available from the fos website

 

http://www.financial-ombudsman.org.uk/publications/technical_notes/ppi.html

[mandamoo2]

do i only put the ppi payment in each one (with or without their original interest?) - what do i put as description?

 

thanks again

 

Amanda

[ims21]

As above, what was the amount of the cash loan for loan 1 without the PPI?

 

If you answer the questions I can help you out.

[mandamoo2]

£3000 without interest - they have separated the ppi as insurance loan, the others loans are £8000 and £12000

 

sorry thanks for helping

[ims21]

OK so loan 1 PPI was 14.31% of the total loan (501/3501 x 100).

 

In the statutory interest sheet list 14 payment of £13.57 giving the date of the payment, the description ("PPI Payment") and the amount.

 

The settlement figure was £2,618 of which 14.31% was ppi = £374.64. Make a note of that figure.

 

Did you receive a rebate for the PPI on loan 1 at the point of settlement? If so, how much was it?

[mandamoo2]

Thanks for that it says loan rebate £604.75 no other details and early repayment £2618.79, i am assuming thats just a discount for early repayment, says nothing about any ppi rebate on it at all.

 

Ill start inputting that in - do you want the details of the 2nd one?

 

many thanks

 

Amanda

[ims21]

Ok its unlikely to be PPI rebate so lets forget that for now. It might become more apparent in any PPI offer they might make to you.

 

Yes, can you let me have all of the figures for loan 2 please.