Ex wont sign Blackhorse PPI reclaim settlement form

[Stigman]

If it's a Joint policy, regardless who had the most income and paid the loan, then any PPI claims would be split 50/50.

 

If your ex-partner decides to pay you their share then that is up to them.

 

Because the loan has been sold on, any PPI will now go directly to the account holders and not to reduce or offset the balance.

 

Is this loan secured? If not

then the loan that has been sold on, both you and your ex-partner are jointly liable for the debt, the DCA can go after either or both but because you have been seen to be the one that is the most contactable then the DCA more than likely will choose you.

 

Stigman

[Stigman]

She said she is entitled to half of the ppi but she is not responsible for the loan payments

 

So she wants her cake and eat it too - she cannot have it both ways, if she is on the agreement then she is entitled to a 50/50 split of the PPI but she also is jointly responsible for the loan. Or she is not responsible for the loan and therefore is not on the agreement and cannot claim PPI.

 

However, PPI and ex-arguments aside - because you are living at the property, it is in your best interests to deal with this because the loan is secured.

 

Stigman

[Stigman]

I will call Blackhorse tomorrow and try and resolve it by requesting a final figure from them and tell them

 

If Blackhorse have sold the loan then it is very unlikely that they will accept a full and final.

 

They will just refer you to the DCA who purchased the loan.

 

Any full and final settlement must be in writing, it must also stipulate that the charge will be removed, that any outstanding balance will be written off and not sold on to any third party.

Without that, I would not part with any money for a full and final settlement.

 

Stigman

[Stigman]

Sorry, Stigman. I was referring to the ppi refund amount, not the loan settlement amount. Or are you saying the DCA is now responsible for the ppi refund?

 

Just for clarification - any reclaims of charges or PPI always claim off of the original creditor which in this case is Blackhorse.

 

For the debt which is now sold, you will have to come to an agreement with the DCA unless you had a repayment schedule agreed in writing with blackhorse before the loan sale & although the DCA's do not like it & throw their toys out of the pram the DCA has to honour it.

 

Stigman

[Stigman]

I queried the loan amount that the DCA is claiming

 

Have you all of the Blackhorse statements or can you still access your Blackhorse online account to obtain them and print all statements off?

 

Is the DCA adding charges and/or interest?

 

If not then you will need to send Blackhorse a SAR request, these do cost £10, the template letter is on the top tool bar in the Library section, you will get back all statements, logs, notes, copies of letters etc.

 

Have you checked your Credit File to see if the debt is listed, if it is if Lowell's have updated etc.

 

Stigman