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HFC Bank Loan ppi 1989 **WON**

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While sorting through some boxes in the loft I came across some old Loan agreements from HFC Bank.

 

The loan was for £1237.00 add £649.40 interest at APR 19.6%

The loan has

Life covers £187.51

Act/Sick/Unem £215.02

Total £402.53

interest £211.27 @19.6%

Total £613.80

 

On top of this we had to buy a policy called Take 5 which is a 15 year renewable term life insurance

TAKE 5 £815.00

Life insurance £123.53

Act/Sick/Unem £141.64

Cost of the policy £1080.17

interest 566.83 @19.6%

Total cost £1647.00

 

Both documents are the same date Jan 1989

 

I also have a bank statement from May 1991 showing payment to HFC for the loan

 

I have sent my claim to HFC using the PPI-consumer-questionnaire 3 weeks ago including photo copy's of the documents.

 

At the time of this loan both my wife and I were working for local authority,

we would both get 6 month's full pay and 6 month's half pay and we had an endowment mortgage

and I remember it was a hard sell but at the time we had no choice we needed the money.

 

I have all the documents associated with this loan both green and pink copies and all the insurance documents.

 

I have noticed that you claim interest at 8% but We were charged at 19.6% so should they not pay back at 19.6%

 

If anyone can tell me what are the chances of success? Am I too late with this claim.

 

Any other advice would be really appreciated.

Think they must have been rubbing their hand when we walked through the door

 

Thanks


HFC go get them:-)

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if you have allthe docs

 

slam dunk guaranteed esp as your were local auth employed.

 

regarding the interest have a read of '0' below

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

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WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

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Thanks for the reply dx100uk, I feel like Annika Rice in the loft (for those of us who remember her) just found another 4 loan doc's from Yorkshire Bank dating from 1990 - 93 all with ppi. Pleased we never bought a shredder now:lol:. Should I send them off as 1 claim or 4 separate ones?

Will keep you informed

Davsib

Edited by davsib

HFC go get them:-)

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with sep claims they tend not to 'get lost'

 

a multi loan claim, they often, forget one or two##

 

 

just as a side note...

 

if ANY loan refinanced another & you got no PPI rebate, then you can add a '0' to your expected reclaim figure

 

read '0' below

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

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Hi Just an update.

 

I received a letter from HFC Bank today stating that they can not find any trace of my loan account on their system.

 

I phoned them and was told I would have to provide bank statements showing all of the payments to them for the loan.

 

I explained I had sent the copies of the loan agreement but was told I had to have proof that the loan was paid off,

I'm sure if I hadn't paid it off they would have been after me.

 

I do have some statements but not sure if I have all of them.

 

Any advice would be gratefully received.

Thanks

Davsib


HFC go get them:-)

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pers i'd make that exact point

 

nowhere in the FOS/FSA or anybodies PPI reclaiming guidelines or notification to banks that they must refund mis-sold PPI

does it say you have to prove the loan was paid off.

 

tell them you consider them as being 'obstructive'

 

and as they have already been fined for gross mis-selling to the tune of £1.8M , .

 

why unlike others are you being denied the reclaim.

 

dx

 

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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If it were me I would send them copies of the statements you do have which will evidence the repayments.

 

Ask them the question that if they feel that the loan was not repaid, why have they not chased you for the balance outstanding to them.

 

If they cannot answer this or simply say that there is no liability to them then tat would surely indicate that the loan was repaid and that you want the PPI money back together with the appropriate interest.


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I have have attached the letter I received from HFC today

Thanks

Davsib

 

Sorry attached pdf file now

Edited by davsib

HFC go get them:-)

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PDF please

 

scan the required letters/agreements/sheets - as a picture[jpg] file

don't forget you can use a mobile phone or a digital camera too!!

'

BUT......

ENSURE: remove all pers info inc. barcodes etc using paint program

but leave all figures and dates. {DO NOT USE A BIRO OR PEN]

convert existing PC files to PDF [office has an installable print to PDF option]

..

goto one of the many free online pdf converter websites [http://docupub.com/pdfconvert/]

it would be better to upload a multipage pdf if

you have many images too rather than many single pdfs

.

or if you have PDF as an installed printer drive use that

or use word and save as pdf

try and logically name your file so people know what it is.

i'e Default notice dd-mm-yyyy

.

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

.

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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Update.

 

My payments started 1st Jan 1998 and were for 60 months.

 

I have found bank statements with the right payments to HFC for

Jan 1990,

april, Aug, Sept, Oct 1991,

Jan, Feb, Dec 1992, and

Aug, Dec 1993.

 

I'm sure this will cover the the total period of the loan.

 

I have worked out I have the bank statement showing the last payment on 1st Dec 1993 ( I think :???:).

 

How do you think I should reply to them with this information,

should I say I will go to the FOS or say I will just take it to court ?.

 

@dx100uk I did read 0 as you said,

I really think they should pay me back at 19.6% interest as they charged me this rate on the loan for the PPI.

Any advice would be very gratefully received

davsib


HFC go get them:-)

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what about '0' are you not understanding

 

workout what you MONTHLY PPI' payments were

 

that will already inc their int

 

thus the spreadsheet is set to 8%

 

can you scan up the agreements you have

 

they are not anything i've seen or heard before esp this take 15 thingy.

 

i'll check it for you.

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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I have attached the documents you were asking about


HFC go get them:-)

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good grief

 

thats the first i've heard of take 5

 

a complete loan for life ins that you did never need nor want

 

wow that rep got a giant commission out of you.

 

are you claiming 8% stat int on EVERY payment of £69.12 from its date

 

this is going to be a hugh reclaim

no wonder they are wriggling

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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Hi not sure what to do, what would be your advice on how to go forward.

davsib


HFC go get them:-)

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where is this agreement?

While sorting through some boxes in the loft I came across some old Loan agreements from HFC Bank. The loan was for £1237.00 add £649.40 interestlink3.gif at APR 19.6%

The loan has

Life covers £187.51

Act/Sick/Unem £215.02

Total £402.53

interest £211.27 @19.6%

Total £613.80


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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Hi sorry thought I had uploaded it

Edited by davsib

HFC go get them:-)

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that was a refinance

 

anything on the previous loan mentioned


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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anything on the previous loan mentioned

Just an account no on the last document

davsib


HFC go get them:-)

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not got the agreement have you

 

if you can prove refinance you'll add another '0'to your claim figure atleast

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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Update

 

This morning I have manage to find 3 bank statements

with payments to HFC for £27.10 on

1st Oct 96,

1st Nov 96,

1st Dec 96 and

Jan 97

 

and with the loan document from 1998(the one attached above) would this be enough evidence to show I refinanced the loan with them

davsib


HFC go get them:-)

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yes

 

we need to rationalise the story though so it is all clear as to what happened.

 

then fire of a letter/claimform.

 

bit busy today

 

timeline and what happened is the key...what financed what

why they cpoofed you into a £40k ins on SUCH a small loan

 

really really out of order

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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Thanks dx100uk for your time, When ever you get the time that will be very much appreciated.

davsib


HFC go get them:-)

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Update

 

This morning I have manage to find 3 bank statements

with payments to HFC for £27.10 on

1st Oct 96,

1st Nov 96,

1st Dec 96 and

Jan 97

 

and with the loan document from 1998(the one attached above) would this be enough evidence to show I refinanced the loan with them

davsib

 

you got the right dates?

 

there are no loans listed that would still be running then.

 

as for the agreement in post 16

 

no info on the refinanced loan mentioned.?

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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Yes I'm sure I have all the dates right. Will scan them and upload them for you to have a look in the morning. no loans running, refinanced loan number mentioned in last document post 16

davsib

Edited by davsib

HFC go get them:-)

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I have uploaded 2 files

 

one is a copy of my bank statements before I took out the loan that I'm claiming.

 

They show 4 payments for a loan to HFC for £27.10 up till Jan 1987.

 

The other file shows all payments I can find from bank statements I have for £69.12 to HFC from 2nd Jan 1990 - 1st Dec 1993 which I'm sure would be the last payment.

 

I do not have any loans with them now or bank accounts

 

Thanks

davsib

Edited by davsib

HFC go get them:-)

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style="text-align:center;"> Please note that this topic has not had any new posts for the last 2267 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you
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