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Hi

can anyone help me on this issue,

 

my daughter has been refused a mortgage as her credit rating has been affected by a store card that she had cleared her balance

but was then charged ppi on her zero balance, is this legal???

 

many thanks

 

Ron

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Can you clarify your question, please ? my response is assumed on what you have said above.

 

PPI applied to revolving credit is calculated on the outstanding balance - so if there was a "zero" balance, there should have been no PPI charged.

 

If there was a PPI premium applied to the account, which was subsequently left as an unpaid balance and reported as a default then you should be able to have the markers removed.

 

Was the PPI required / requested ? If not, then you might want to have a stab a reclaiming it.

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Hi CitizenB, many thanks for the fast response and the information.

 

my daughter is certain that the balance was zero,

 

the ppi was not requested but she has been with a ppi recovery company (XXXX) but they could not recover any ppi she had paid on this account

as the card in question was taken out before 2005 (Ombudsmans decision)

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What are the credit reference files actually showing please?

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Hi Ron

 

Which card is this?

 

Are all of the statements available?

 

There are indeed cases where fos cannot investigate prior to 2005 since the sellers if these insurances were not covered before that time.

 

However, if we know the card provider then we can establish who the underwriter is and you can (usually) go after them via fos.

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1. Single Premium PPI Q&A Read Here

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Read Here

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Read Here

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Read Here

 

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Oh and by the way, get a letter off to the reclaim company telling them that as they have failed to get anything for you that your formally terminating any contract you had with them forthwith.

 

If you don't you can bet your bottom dollar that if and when you are successful they will be after you for their fee.

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

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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

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what is that default date om her cra file?

 

somethings not right here.

if a bal is £0

then theres nothing to levy PPI on?

 

unless there is a fixed rate PPI PCM?

 

not heard of a store card like that.

 

you sure it p'haps was not say CPP

credit protection Policy?

 

with an external company

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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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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Many thanks for all your replies. the store card was from Adams the now defunct childrens clothing company and the company that we are in dispute over this is Creation Finance, the alleged debt is for approx £350 ; the the credit rating site was Experian and the default date was 03/05/2012 sorry info a bit sketchy but this all blew up in last few days

Regards

Ron

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Do you have any statements or other paperwork for this account?

 

Anything that might give the name of the underwriter?

 

Also, as dx says, it may have been that this was Card Protection?

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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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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