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MBNA and PPI

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Hi everone,

 

I hope some one on this wonderful sight might help with this query.

 

My friend and neighbour has been fending off MBNA for almost six years.

 

He has never admitted any debt to them or the numerous DCAs involved over time.

 

He has though made a slight mis-calculation in his timing in that he has applied for a refund of all ppi he had paid and tried to reclaim charges,

three weeks before this became statute barred.

 

MBNA are now claiming that this is an acknowledgemetn of the debt.

 

Can anyone please advise so I can pass the info on to him. The MBNA account by the way was a CC.

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it is NOT an ack of the debt

 

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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Another letter from MBNA argueing again that they believe he has now acknowledged the debt by applying for a SAR and refund of PPI AND ALL CHARGES. Can you please explain why his actions are not an acknowledgement of debt and is there any case law on the matter or other regulation.

Thanks for your trouble.

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eitherway t matters not

as it doesn't reset the clock

 

do the reclaim wipe the debt out?

 

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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any news?


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 dx100, thanks for your question. Not to date according to my neighbour, except for a very short note from MBNA saying we have stated our position.

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Todays post brought another letter from MBNA stating the same thing (idenical letteras before only different date) bog off, only not inthe salew sense.

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do the charges and ppi wipe the debt out

 

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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Back again

 

I am told by him that he believes it does with a nice chunk to spare.

 

But he is about to give in I think.

 

He is 86 years old and was looking forward to being able to leave a little something when he's no onger around,

but being of the very old school where banks were so institutionall and respected

he has began to think he ih defeated and thinks of giving yp the fight

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fill this out

 

one for PPI

 

one for PENALTY charges

 

This fourth spreadsheet is useful in calculating a regulatory based compound interest award for PPI on a Revolving Credit Account. Not all statements are required for this sheet because it will work out the compound interest on the PPI payments you do know about. It will not work out the additional 8% interest, to do that you will need spreadsheet three above AND all of your statements.

 

FosCISheet v101.xls

 

 

thats the way reclaiming will go anyway

 

it will come off the outstanding balance

 

surplus to his pocket

 

thats why they have never been to court with it.

 

just check his CRA file FIRST

 

make SURE the debt is stil listed as MBNA and has not been sold.

 

MBNA are actually being a little bit coy too in their letter

 

as they know full well that the PENALTY charges reclaim is limited to 6yrs backdated only

 

so in all event they are actually SAVING themselves money by letting it go SB'ed

they wont have to cough on the charges reclaim

 

the PPI is diff

 

there is NO time limit.

 

IMHO i would get a reclaim in ASAP for both.

 

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 dx100uk,

Five weeks since I convinced him not to give up. He filled out the claim calculator and sent off. As of today no response yet from MBNA.

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Today he has received another get lost letter from wonderful and uncooperative MBNA

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Hi again,

After all this time yet another refusal letter from MBNA. He says that's it now he has had enough and has given in, but refuses to pay them any more." Let them sue me and suffer the press adverse publicity for sueing someone 86 years old."

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