First National PPI

[whatamess]

Hi me again

 

I managed to dig out all old paper work. And turns out the loan i had from 10 years ago was acually from First National.

 

I had £20000 loan and they added £3270.46 Protection payment premium. The monthly APR is 8.750% then shows another rate of 10.9%.

 

I paid this loan for 11 months then loan was paid back.

 

Can anyone advise what sort of PPI reward i can claim back? and also has First National been taken over by GE Money and has anyone had any success with claiming from them?

 

Thanks

[dx100uk]

GE mony can be a pain

 

but you'll get back all the PPI+the interrest they charged on the PPI

and 8% stat it

i suggest you type in

 

firt national bank PPI

 

or GE money PPI.

 

into our search top rgh.

 

GE money ARE your target.

 

dx

[whatamess]

Thanks dx. So in my letter to GE money do I ask for the £3270.46 + APR 8.750 or 10.9?. And also 8%.

 

Is there a letter on here that I can used to claim?

 

Thanks

[dx100uk]

its not just a letter

 

as advised in yr other ppi threads

 

you need toi do the statint spreadsheet

the FS CQ

 

and a covering letter.

 

you need to workout what % of your PAID payments was the PPI element

and the dates you made payments.

 

you do not use their int rate, but 8% stat int, the spreadsheet does it for you.

 

total cash price of PPI / total cash price of loan * 100 = xx%

 

workout what xx% of ANY payments you made was

 

then enter those PPI element payments into the spreadsheet with each date you made them.

 

please do some reading up.

 

the more you read the stronger we become

 

dx

 

dx

[whatamess]

Ok thanks dx. I have some work to do . I have a few claims to make. I have just dug out my old mortgage statment from 2003 and noticed that it says property insurence £6,271.97. Would this be PPI? If so i wasnt awear of this.

 

Thanks

[whatamess]

:lol:Not to worry about the Mortgage statement i read it wrong

[dx100uk]

property insurance ??? building or contents ins??

 

if you already had ins then they've spoofed you

or if they told you it was compulsory when it was not.

 

although it is often in their T&C that you must have BUILDINGS insurance

for a mortgage.

 

there is no legal remt that you MUST.

 

if you had another policy that already covered what they have charged you for

then it was missold.

 

dx

[whatamess]

Hi

 

I called up GE Money to get the full address of the complaints dept. The lady said i can do it over the phone. I gave her my account number etc and she said as I went through a broker i would have to contact them. Is this correct? Does anyone know if Blue Sky are still trading?

 

Also just to let you know i have had success from Santandar and also just had an offer from first national which is much bigger then i could of imagine. Didnt take long at all.

 

Thanks

[dx100uk]

wrong ignore them

 

do it in writing.

 

dx

[whatamess]

thanks dx.

 

I called up Blue sky and they didnt tell me any different and gave me the address to write to.

 

If i write to First national are they not going to just send me a letter telling me the same thing as the lady on the phone?

 

Is it definitly FN that need to refund me and not Blue Sky?

[dx100uk]

as post 2 here

 

 

if it was a reulated loan under CCA sec 56 applies.

 

dx

[whatamess]

Hi

 

I got a final response letter from FN to say that the PPI on the loan was miss sold by blue sky not FN and they have passed on my complaint to Blue sky. I know blus sky are no longer trading. What is the next step? Do i send another letter to FN qouting the section 56 act?

 

Thanks

[dx100uk]

yes

 

dx