Halifax (2) closed credit cards PPI reclaim.

[nigel1804]

WELL ,WELL, WELL here we go again,

 

Could someone please just advise on on the following. my statements from my old credit cards have a thing on them called "repayment Cover" do I take this to be a form of PPI.

 

I have also had income protection on my mortgage and a loan but I have had to use this feature......can I still claim the PPI back even though I have had to use the scheme or is that just being a little bit cheeky.

 

My last statement on these cards was june and july of 2006, can I claim and can I go back to when I first got the card in 2002...?

 

Hi again to old friends on the site..

 

Regards Nigel1804

[ims21]

Hi and welcome back

 

The answers to all questions is yes (if the PPI was mis-sold)

 

As regards the mortgage where the policy paid out, all you do is deduct what you received from the amount you are claiming back. If the amount received under a claim on the policy exceeds any mis-selling award then it is not worth doing but the credit card you should deffo go for

 

Have you got all the statements for both accounts and the agreement for the mortgage?

 

ims

[nigel1804]

Yes I have them from when I claimed the charges back from them in 2006. I'm just a bit rusty on the site after being away for some time.............mortgage paid out way more than the cost of the PPI ...I think but i will have to calculate.....but I'm going to do my 2 old credit cards..... I had a loan with the Halifax as well which paid these off but they have taken the acct number off the online banking maybe i should check that out too.

 

regards nigel1804

[ims21]

Sounds like you're good to go then

 

Spreadsheets are here

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?330996-Latest-Spreadsheets-PPI-Claims-and-Charges-Claims-Dec-2011

 

Plus a fos consumer questionnaire for each claim (available from the fos website)

 

ims

[nigel1804]

Can you just tell me do i use spreed sheet Cis (2) for the credit cards and just fill in when the charges was applied, does it work differently than the charges I thought the 8% was only added if they were taken to court.........sorry not found the FAQs about this PPI yet.

 

So basically do a covering letter and fill in spread sheet and do the spread sheets work out the interest like the charges did and which interest do I use to claim back......getting into it again..

 

thanks ims21

[ims21]

Hi

 

This is the sheet to use for the credit cards. It reconstructs the account to provide a figure for a regulatory based award which is basically the return of the premiums paid plus any contractual interest paid on them. In addition where the removal of the ppi causes the account to show a credit balance for any period then 8% simple interest is awarded on that balance for that period.

 

When completed you will end up with the award calculation at the top

 

FosRunningPPI v101.xls

 

You then complete a fos questionnaire for each account and attach a copy of the spreadsheet and send them to the lender just with a brief letter saying "Here's my claim, give me my money back"

 

They will have 8 weeks to investigate and give you a final decision before you can pass it to fos to deal with.

 

If you intend to go the court route then you can use this spreadsheet for compound interest in restitution (rather like a charges reclaim) but the onus will be on you to prove mis-selling and will involve a lot of work on your part to out the case together but with no guarantee of a win.

 

CISheet v101.xls

 

Although there are some, there are not many PPI claims that go the court route.

 

ims

[nigel1804]

Well believe it or not I didn't even realise that there was this charge on my account until i 've just checked out of curiousity.....I have one charge going towards the last staement which says "Halifax card protection ESHER" all the others say the repayment cover are they the same thing do you think...?

 

thanks ims21.

 

regards nigel1804

[ims21]

Hi

 

Card protection may be something different i.e. to cover you in the event of lost or stolen cards.

 

Repayment cover is PPI.

 

If it were me I'd include the Card Protection payment in your claim.

 

ims

[nigel1804]

thanks ims21, I have included it but towards the end they stopped charging me for the repayment cover don't know why.

 

Going for 2nd card now..........regards ndr1804

[nigel1804]

just as a matter of interest . Do I use the old " Data protection Act 1998 Subject Access Request " form to get the rest of the statements that I require or would they just look over the one's I don't have to complete payment.....thanks

 

regards nigel1804

[ims21]

Well I don't trust banks an inch so if it were me I'd SAR them

 

[nigel1804]

has someone moved my stuff on Hsbc its vanished..../???????

 

 

ndr1804

[ims21]

http://www.consumeractiongroup.co.uk/forum/showthread.php?346317-HSBC-PPI&p=3796634#post3796634

 

Check your e-mails

[nigel1804]

hi ims21 any ideas how to reduce the spread sheet so that it fits on to a page or just two pages . that credit card fosppi sheet that you said use is rather large.

 

regards nigel1804

[ims21]

Change the orientation to landscape and/or use the print scaling in the print settings of Excel

[nigel1804]

thanks ims.

[nigel1804]

Hi everyone iI have used the fosrunning v 101 spread sheet there doesn't seem to be much interest added to the total PPi being reclaimed is this calculated differently from a PPI that would be on a loanmy sons added up nicely from each day that a payment was taken out straight forward why is there little interest on my credit card PPI.its still payed each month albeit different amounts each month.

 

just checking everythings right before its sent in

 

regards

 

nigel1804

[ims21]

The spreadsheet will be right if you have filled it on correctly.

 

Credit card interest is charged differently to loan interest.

 

With a card you get the premiums back plus any contractual interest charged as a result of those premiums. If at any time the removal of the PPI causes the account to go into a credit balance for any period then you also get 8% simple interest on the credit balance for that period.

 

ims

[nigel1804]

so if my card had a negative balance accept for when i payed it off then there will be little interest on it anyway.

 

I filled it in and the figures match the cards statements so .......just wanted to make sure they don't come back at me with technicalities

 

nigel1804

[ims21]

Don't worry, they will do their own calcs anyway.

 

If it matches the card statements then it will be OK

 

It was written using the one in the FSA handbook as a base

[nigel1804]

well there's a list of the charges and the date it was taken out on there so that should be fine. should I just do a basic letter or do i need to do the longer letter that's in the CAG templates

 

regards

nigel 1804

[ims21]

Your fos questionnaire gives the detail of the claim so you only need to do a brief covering letter at this point

[nigel1804]

Hi again, the best address for halifax card would that be their Dunfermline address or best to go through head office in halifax i think trinity house trinity road.?

 

regards

 

niogel1804

[ims21]

Hi

 

Either would be OK.

 

ims

[nigel1804]

Many thanks

 

Nigel1804