PPI letter could somone please have a look please

[melowyelow]

Dear Sir/Madam,

Ref: [Your PPI policy number]

I believe I have been mis-sold a payment protection insurance policy and would like to request a full refund of my premiums, plus interest paid.

 

I took out a £xxx loan at your xxxxx branch at xxxxxxx onxxxxxof October 2007 and

got pressurised in to taking out PPI

which has cost me an extra £xxxx over the minimum period of the loan.

The total amount of my premiums plus interest is £ xxxxx

 

I am a single parent in receipt of benefits and working as a part time teaching assistant on a temporary contract

and therefore would not have been eligible for any payments from the PPI policy taken out if I was to find myself unable to meet my debt repayments.

 

I believe the salesperson knew PPI was optional at the time but instead of being given the option,

they insisted that I take out the PPI protection increase my chances of being approved for the loan,

 

I am sure you are aware of FSA guidelines without me quoting legislation chapter and verse

Insurers are under an obligation to ensure that the policy they are selling is appropriate to for the customer and clearly,

as my employment situation means I am unable to claim on the policy, you have not fulfilled these guidelines

 

I am requesting a full readdress of all my insurance payments, plus interest, which total [£ xxx].

 

If I do not receive a favourable response from yourselves within eight weeks

I will pursue this claim through the Financial Ombudsman.

Yours sincerely

[ims21]

Have you completed a fos consumer questionnaire and a spreadsheet showing how much should come back to you?

[melowyelow]

Not yet to be honest i didnt know which to send first this letter of the fos consumer questionare

[ims21]

If you don't complete a questionnaire then the lender will almost certainly send one to you.

 

Grab a copy from the fos website and complete it. All of your reasons for the mis-sale will go in there and you only need to send a brief covering letter with it.

 

If you can, send it by some trackable method so that yoy know when they get it. They have 8 weeks from receipt to investigate and give you a final decision.

 

What about a spreadsheet so that you know that any offer they might make is correct?

 

Have a read of No.1 in my signature and you can use the spreadsheets at then end to help you with the calculations.

[melowyelow]

Just downloaded the forms now thank you IMS

[ims21]

 

Shout if you need help.

 

Doing the fos questionnaire at the outset effectively quickens your claim process because it denies them the opportunity of stalling you by saying they will send you a form to complete which may or may not arrive. You are cutting down on their "Wriggle Room"

[melowyelow]

Know what your saying mate thanks again