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Barclay's/Mercantile Credit PPI


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I have provided Barclays with all the information I had with regard to a loan I had with Mercantile Credit including the loan number.

 

I now have a letter that they have not upheld my complaint because they cannot trace my loan or myself

 

I have subsequently spoken to Barclays insurance in Dublin who have confirmed I had PPI insurance linked to a Mercantile credit loan

and given me the start and end dates and the policy number.

 

Is it worth me asking them to reopen my case in light of this addtional information or am I wasting my time/Thanks

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yes

 

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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if there's proff of PPI thts all you need

 

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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Share on other sites

the PPI policy, which is after all what its all about.

 

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 months later...

I spoke to barclays yesterday who have upheld my complaint and are now calculating their offer. Can anyone help in helping me have an idea of what this might be so I can check their calculations when the offer arrives please

 

It was front loaded on a 7 year loan which started in sept 1997 and paid off in april 2004 the amount paid for ppi was £4227 and the interest on this and the loan was 12.9%

 

Can anyone do a rough calculation including the 8% please as imam not sure how to calculate

 

Any help much appreciated thanks

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What was the total monthly repayment amount please?

 

Is this the same as the issue on this thread?

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?366177-Barclay-s-Mercantile-Credit-PPI&p=3990130#post3990130

If I have helped you please leave me a message by clicking my star

 

1. Single Premium PPI Q&A Read Here

2. Reclaim mis-sold PPI

Read Here

3. Reclaim Loan & Credit Card Charges Read Here

4. The CAG Interest Tutorial

Read Here

5. Feel Bullied by Creditors or Debt Collectors?

Read Here

6. Staying Calm About Debt

Read Here

7. Thinking of a Full & Final Settlement?

Read Here

 

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Two threads merged

 

Back in a mo.....

If I have helped you please leave me a message by clicking my star

 

1. Single Premium PPI Q&A Read Here

2. Reclaim mis-sold PPI

Read Here

3. Reclaim Loan & Credit Card Charges Read Here

4. The CAG Interest Tutorial

Read Here

5. Feel Bullied by Creditors or Debt Collectors?

Read Here

6. Staying Calm About Debt

Read Here

7. Thinking of a Full & Final Settlement?

Read Here

 

How To Upload Documents To Cag

Instructions

 

I DON'T GIVE ADVICE BY PM BUT IF YOU SEND ME A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER HELP THERE

 

 

 

Private message facilities are offered for users to communicate issues that are perhaps inappropriate for posting on the main forum. Site rules explain this in more detail.

 

If you receive a private message which you consider abusive, derogatory or otherwise inappropriate, whether it be about yourself or other members, please report it using the "report" icon

 

If you are approached (or have been approached) by private message with an offer of help "Off Forum" or with a view to asking you to visit another website, please inform the site team via the report icon, especially if this results in a request for a fee. Remember, this is for your own protection

my views are my own and are given in good faith to try and help people. Please seek professional advice on your case if necessary

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

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Ok, to give that APR on a PPI premium of the amount you have quoted then the PPI payment would be about £75 per month.

 

Take this spreadsheet

 

StatIntSheet v101.xls

 

List each payment you would have made starting in September 2007 and ending with the that payment in 2004. You should end up with a list of 72 payments of £75.

 

In the absence of statements you will have to estimate the payment dates but take the first of the month for the purpose of this exercise.

 

Make sure the "Claim To" date is set to today and the spreadsheet will work out the interest for you.

If I have helped you please leave me a message by clicking my star

 

1. Single Premium PPI Q&A Read Here

2. Reclaim mis-sold PPI

Read Here

3. Reclaim Loan & Credit Card Charges Read Here

4. The CAG Interest Tutorial

Read Here

5. Feel Bullied by Creditors or Debt Collectors?

Read Here

6. Staying Calm About Debt

Read Here

7. Thinking of a Full & Final Settlement?

Read Here

 

How To Upload Documents To Cag

Instructions

 

I DON'T GIVE ADVICE BY PM BUT IF YOU SEND ME A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER HELP THERE

 

 

 

Private message facilities are offered for users to communicate issues that are perhaps inappropriate for posting on the main forum. Site rules explain this in more detail.

 

If you receive a private message which you consider abusive, derogatory or otherwise inappropriate, whether it be about yourself or other members, please report it using the "report" icon

 

If you are approached (or have been approached) by private message with an offer of help "Off Forum" or with a view to asking you to visit another website, please inform the site team via the report icon, especially if this results in a request for a fee. Remember, this is for your own protection

my views are my own and are given in good faith to try and help people. Please seek professional advice on your case if necessary

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

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Ok, to give that APR on a PPI premium of the amount you have quoted then the PPI payment would be about £75 per month.

 

Take this spreadsheet

 

[ATTACH]39669[/ATTACH]

 

List each payment you would have made starting in September 2007 and ending with the that payment in 2004. You should end up with a list of 72 payments of £75.

 

In the absence of statements you will have to estimate the payment dates but take the first of the month for the purpose of this exercise.

 

Make sure the "Claim To" date is set to today and the spreadsheet will work out the interest for you.

 

Cheers looks like a potential 3 figure sum involved

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  • 4 weeks later...

All the hard work and keep taking on Barclays has paid off after two final responses saying they had no record of me I went back to them again with the same proof I had obtained from their own insurance people in Dublin

 

Today a cheque for a few £ short of £15k arrived

 

Thanks for the help

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hey well done!!

 

The Consumer Action Group needs help to cover itsexpenses.

You could help by making a money contribution to http://www.consumeractiongroup.co.uk/paypal.php?go=donate

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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Share on other sites

  • 2 months later...

Hi I have an old loan dating back to 1995 which was paid off in 1999 there was ppi on this loan from mercantile credit f

 

I have no paperwork other than a copy of a bank statement showing the monthly repayment amunt, but no account number just says mercantile credit and then the amount

 

I have tried a few years ago to get ppi off Barclays but they say the account is too old and they don't have the paperwork, I'm sure if I owed them money from many years ago they would still chase me for it! And have it on record!

 

Any thoughts what I could do , my bank have no details either

 

Regards

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All the hard work and keep taking on Barclays has paid off after two final responses saying they had no record of me I went back to them again with the same proof I had obtained from their own insurance people in Dublin

 

Today a cheque for a few £ short of £15k arrived

 

Thanks for the help

 

 

Hi do you have the insurance number in Dublin please

 

Many thanks

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  • 11 months later...

Hi there

 

I know this post was some time ago but just wondered if you had any success.

 

It sounds like I have had a similar problem.

 

I have recently made a claim for misold PPI by Mercantile Credit for a loan from 1998..

 

I contacted Barclays Partner Finance and completed the questionnaire they sent me.

 

I also included a copy of the original agreement which details the loan plus PPI.

 

Posted by registered mail 4 days ago.

 

Received a letter this morning to say that they will not be upholding my complaint

as they are unable to locate a loan account in my name,

 

however if I am able to provide a copy of my original policy/ credit agreement they may re open their investigation?!..

 

I have absolutely no doubt that the PPI was misold to me.

 

Looking for any advice on my response to this thanks very much

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Hi there

 

I know this post was some time ago but just wondered if you had any success.

 

It sounds like I have had a similar problem.

 

I have recently made a claim for misold PPI by Mercantile Credit for a loan from 1998..

 

I contacted Barclays Partner Finance and completed the questionnaire they sent me.

 

I also included a copy of the original agreement which details the loan plus PPI.

 

Posted by registered mail 4 days ago.

 

Received a letter this morning to say that they will not be upholding my complaint

as they are unable to locate a loan account in my name,

 

however if I am able to provide a copy of my original policy/ credit agreement they may re open their investigation?!..

 

I have absolutely no doubt that the PPI was misold to me.

 

Looking for any advice on my response to this thanks very much

 

you need to start a new thread

 

you wont get seen here

this thread is from 2012

 

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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