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HELP! - claiming PPI on a defaulted debt...?

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hi...

 

I have a debt, originally with Egg, that I stopped paying nearly 5 years ago. I am in Scotland, so it hasn't quite reached the statute barred timescale yet, but probably 5-6 months away.

 

This debt was to combine 2 Egg cards into a single loan, and I was, quite categorically, told that I had to take the PPI in order to qualify. I was, and still am self employed, and so the PPI was most definitely mis-sold.

 

But here's my problem...

 

I stopped paying the loan after 2-3 years, as I suffered catastrophic losses due to a dodgy business partner. And i was fed up with the greed from the banks and card companies.

 

The loan was officially defaulted, and they tried a few DCA to recover it, but I ignored all correspondence - essentially not acknowledging the debt, and hoping for statute barred status.

 

The loan has since been sold on, and Egg no longer exist.

 

I received a letter from Canada Square, who were the people who, apparently, managed the PPI for Egg, stating that I was identified as someone who was, potentially, mis-sold PPI. I was DELIBERATELY mis-sold PPI, as the policy does not cover me as a self employed person...

 

I know that there's now been a PPI deadline declared

(am I correct there? Can someone clarify?)

 

I want to claim this NOW -

BUT... how does this stand with the outstanding debt?

 

Surely, in claiming the PPI on the debt, it's as good as acknowledging the debt?

Or will this me a safe bet, as I am dealing with Canada Square and not the original lender (who do not exist any more anyway)...?

 

Would Canada Square have any reason to get in touch with the current DCA who owns the debt??

 

Help all you financial Eggheads! (no pun intended)

 

Can you all pitch in your 2 pennies worth please...?

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Go for it

 

If the loan was merged debts with PPI

Then the reclaim. Could well be £1000's

 

They could buy the debts back and off set but that's rare

 

As for the time limit...doesn't wipeout the limitations act

 

Sar to them first mind

 

Dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

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please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

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yes

 

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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