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PPI from 1998 (have credit agreement)


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Bit of a mixed bag this one but hopefully I've posted in the correct sub forum.

 

I received a phone call last year from Arden Credit Management from a loan taken out in August 1998 which They say I still owe around £6000. As I hadn't made a payment to this since 2004 I informed them this was statute barred and never heard anything more until this year apart from some statements through the post.

This year the began getting a bit more aggressive in demanding the money, to which I informed them the load was statute barred and there was nothing they could do. The advisor on the phone agreed there was nothing legally they could do but they will continue to pursue the money.

I then asked for a copy of the credit agreement and expected to hear nothing more, but this morning I've received a copy of the agreement and now want to try and claim my PPI back on this as it was a stipulation of me getting the loan.

 

Can anyone let me know where I stand on this?

My loan agreement reads :

 

Loan £8000

Repayment protection premium £2434.53

Total amount of loan £10434.53

Interest £4983.67

Admin fee 0

Total charge for credit £4983.67

Total amount to pay £15418.20

APR 17.9%

60 payments of £256.97

 

I'm in Scotland if this makes a difference.

Thanks

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of course you can get the PPI back.

 

 

obv the loan did not get totally repaid?

 

 

so have you all the statements?

 

 

it might be an idea to send the original creditor an SAr to get them.

 

 

dx

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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Thanks for the reply dx.

I don't have any statements, would this prevent me from claiming and how would the overall thing affect the statute barred status of the loan?

Am i correct in thinking then, that I could only claim a percentage of it back as the whole loan wasn't paid but sold on ?

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you can get back what you actually paid on the PPi

 

once its SB'd it should come to you me thinks.

 

get an sar off

 

 

 

dx

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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