PPI On One Loan, Deafulted On Another

[9000Parts]

Just a quick one about whether I should consider making a claim or not?

 

I was a LloydsTSB customer for many years and took out a few low value loans with them

 

Loan #1 was for £1000 and I refused the PPI

Loan #2 was for £1500 and I was told I had to take the PPI or the application would be rejected

Loan #3 was for £1500 and I defaulted after 2 payments.

 

When I was chased up by the DCA they consistently failed to send me all the relevant documentation.

 

they would send Page 1 of the CCA but Page 1 referenced Page 2 and Page 2 was not forthcoming.

 

I pointed out they had failed (more than once) to satisfy the request and have heard nothing of it since.

 

The question is,

 

do I go for a PPI claim on Loan #2 (taken out about 9/10 years ago?)

and if I do would it then alert them to my current contact details and set the ball in motion again for them to chase up Loan #3?

 

Ive not looked at my credit report because that will them update all my records with them

and I dont know if there are any other skeletons in that closet that might want to come and haunt?

 

Mind you,

I did get a credit card last year so I cant be in too bad shape financially?

 

EDIT: Why does this forum remove all the formatting in a post?

 

Make reading the post so much more difficult

[citizenB]

You might want to consider obtaining statements for the loan that has PPI on it and working out what type of figure you are looking at reclaiming. They will almost certainly want to offset any refund against outstanding balances on the other defaulted account.

 

If the account that has the PPI on it has been sold to a 3rd party then they should not be allowed to offset because they no longer have any interest in the account.

 

To obtain statements you would need to send a Subject Access Request to LTSB, it will cost you £10.00 and they have 40 calendar days to comply with the request.

 

Once you have those, we have spreadsheets that you could use to work out how much you should be getting back.

 

You would of course need to give them your current address in order to receive the SAR data.

 

When was the last time you made payments or acknowledged liability of any of the defaulted accounts - if longer than 6 years in England and 5 years in Scotland then the debts are statute barred. This does not mean the debts disappear, but that they can no longer sue for payment

[9000Parts]

The PPI was on a loan that I paid back in full and on time so I could claim that back OK. The thing I dont want to do is alert them to where I am and set them off again. The debt was was a DCA and it would have been a good 5 years ago the last time I had any contact. With the DCA all I asked for was the CCA which they never fulfilled.

[citizenB]

Righto, well then if the Loan has been repaid and they have sold the other account to a 3rd party, then IMHO you should be ok to make the claim !

 

You could check your credit files and see who is recording the default on the defaulted account, that should indicate who owns it now.

[BRIGADIER2JCS]

There may be a problem as banks only keep records for 6 years after an account is closed:

A SAR or CCA request will not restart the statute barred clock.

You need to know when the accounts were closed do these appear on any credit reference files?

[9000Parts]

I am trying to avoid joining up too many dots for others as I left the country for a little while

and in that time some things have happened that im not sure are right.

 

Ive got the DVLA chasing up a SORN fine on a car that I scrapped and

ive got a phone company chasing me up for a debt that I run up on a pre-pay phone too?

 

There is also the small matter of Natwest wanting their overdraft back

but I had a begging letter from a DCA suggesting they would take 1/2 the debt owed if I paid up.

 

Ive still got a couple of years of avoiding to do on that one so dont want to make it too easy for them.

[dx100uk]

get your cra file.

 

if you've had discount letters then the debt is suspect!!

 

you cold well be worring about NOTHING.

 

if you've had recent credit

then they ALREADY KNOW your new details

 

its a sad old wives tale that using cra's alerts creditors.

 

dx