Yorkshire Bank Credit Card PPI taken out in 1997

[VanillaDream]

I have just discovered that I have been paying PPI on a Yorkshire Bank credit card that I took out in October 1997.

 

At the time I was working full time and was entitled to sick pay of 6 months at full pay and then 6 months half pay.

 

In 2007 I fell upon hard times and ended up having to seek help from Payplan (owed £7000 on the card).

 

The account was passed on to a solicitors and I made the agreed payments.

 

In November 2009 the account was assigned to Marlin Europe I Limited and I continued making the agreed payments to Payplan

 

until August 2010 when, because my finacial circumstances changed I left Payplan and set up a direct debit with Marlin.

 

I currently only have £1775 left to pay on the debt (20% less if I pay in full - special offer!)

 

My question is who do I pursue for the missold PPI - is it Yorkshire/Clydesdale Bank?

 

I don't have my original credit agreement but do have the account number and statements from 2006 showing the PPI payments which I must have been paying since 1997.

 

The card was cleared in April 2006 (at the time I had a balance of almost £5000, the debt accrued after that.

I can't remember how I got the card, I presume it was over the phone

but I was totally unaware that I had PPI until two days ago when I found the statements.

 

Hope someone can help me.

[dx100uk]

welcome aboard

 

PPI claims go to the OC, so YB will be your target.

 

now this debt....

 

if they are offering a discount

that means something is wrong

 

could be PENALTY charges

or

PPI

or

no paperwork.

 

i would CCA [see the library green tab top left - then dca section on the right] marlins

 

as if they dont have a copy of the agreement, then you can stop payments

if they dont give it to you.

 

me thinks you've been cash cowed long enough here i bet.

 

have you got all your CC statements

 

if not you might also need to SAR YB.

 

looks like you're in for quite a windfall

[VanillaDream]

Wow! That was fast ... thanks very much.

 

I only have statements from 2006.

 

As far as I am aware no interest has been added since Payplan intervened.

 

Marlin contact me every 3 months and I usually up the payment a little (currently paying £180 pm).

 

I have no income whatsoever,

am married but not financially linked to my husband,

but obviously the money to pay the debt is coming out of his salary.

 

Can I just ring them and ask for the original credit agreement?

 

Or would it be better to put it in writing?

 

Thanks again for the help.

[dx100uk]

oh dear

 

me thinks you've been cash cowed badly here

 

marlins nor any DCA has NO RIGHT to see any of your per financial details!!

you are also not legally obliged to talk on the phone to them EVER!

 

writing only!

 

fire this off to Marlins.

 

http://www.consumeractiongroup.co.uk/forum/content.php?590-Creditors-and-DCAs-Letter-Templates-Budget-Planner

 

letter N.

 

do NOT sign it.

 

they have 12+2 working days to comply.

 

if they fail in this time, you are within your legal rights to stop all payments.

 

now £180PCM when you have NO INCOME!!

 

in with the CCA request send them a letter.

 

indicate that you have now discovered PPI

and are in the process of reclaiming that from YB.

 

in respect of this , bearing in mind it will be worth SEVERAL £1000's i bet.

 

you are dropping your payment to £1PCM.

 

cancel payplan too.

 

cancel the DD as well.

 

have you ant other debts through the DMP?

 

dx

[VanillaDream]

I am no longer with Payplan or any dmp.

 

Payplan said it would be better to deal with the debts myself if I didn't want to go down the bankruptcy route (which I don't).

 

I have another credit card (£1900 owing ... am making just over the minimum payment each month ..

. this doesn't show as a default on my credit report anymore but they have started adding the interest again the last few months).

 

I also have a loan with Northern Rock (in joint names with an ex partner), it was linked to a previous mortgage.

I was very stupid for taking it out as it is over a very long period of time, not paid up until 2026.

 

When we split up I verbally agreed with him to pay it as he paid off all our other debts - this was the only one I could afford the monthly repayment on.

 

I must have paid almost £10,000 by now.

Borrowed £11,000 ... still owe just under£10,000!!!

I have never defaulted on this, even when I was with Payplan and they were paying a percentage of it only,

 

I made up the rest of the monthly repayment (paid it to my ex and he paid it to Northern Rock).

 

Can only deal with one thing at once though ...

it's all so time consuming and I am so scared of having to go bankrupt unless absolutely necessary.

 

My husband is not very happy about having to pay the Northern Rock as you can imagine,

but I see this as my debt (even though it is only a verbal agreement).

[dx100uk]

ok well we will deal wih those in due course then.

 

right this YB PPI claim

 

follow post 4 get that CCA off today to marlin

go get a £1 PO remember dont sign the letter either.

 

as for what statements you have with regard the PPI.

 

fill this in

 

This second spreadsheet is a compound interest calculator and can be used both for PPI claims and Charges Reclaims on Revolving Credit Accounts such as credit cards. Compound interest is not an award that fos will give in respect of PPI claims but it can be used in PPI cases that are pursued through the courts. It is the standard sheet that is also used for charges reclaims both on credit cards and loan accounts where interest in restitution is claimed.

 

CISheet v101.xls

 

 

might give you a nice shock!

 

also you've not got lots of £12 [or more] PENALTY fees have you

like over/late etc?

 

if you have you can get those back too!!

 

dx

[VanillaDream]

Am off to the Post Office now! Thanks so much, I'll keep you posted:lol: