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2 loan account with PPI but were defaulted worth PPI claim ? **WON**


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Hi,

 

I put in a SAR to Lloyds bank even though I closed my accounts with them longer than 6 years ago .

 

The records sent back by them show that I opened my account in 1993 and closed my current account in 2001 ?

 

but also showed I had a loan which I paid off by 1999

and then another taken out in 2000 which I ended up being dealt with by BLS collections ,

 

Backstory as short as possible :

back in 2001 I decided to get control of my finances

and got in touch with CCCS who set up a debt management plan with my 5 creditors

- 2 of which were Lloyds bank

- one was for my overdraft which was approx. £1200 overdrawn

the other was for a loan account for a loan I took out in 2000 for £7500 .

 

After about a year of threatening letters , phone calls and masses of bank charges for the overdraft

and non payment of the monthly loan payments,

they accepted the debt management plan

(the other creditors egg , Barclaycard and mbna all accepted the debt management plan

and stapped all interest and charges straight way

 

- Lloyds refused to to for around a year adding constant OD charges, non payment of loan charge etc etc etc ) ,

 

I paid off all my debts by 2006 after taking a job abroad which paid good money

and saved up enough to pay off my final debt which was to Lloyds

- I remember I owed around £3500 and they gave me a settlement figure of £3000 .

 

Now , the paperwork from my SAR to Lloyds confirms I had PPI on both loans

and has given me the account numbers

 

- would it be worth trying to claim the PPI back on the defaulted loan

that was dealt with under the debt management plan

or could they just say that any ppi payout would be owed to them for the interest etc on the loan ?

 

also the masses of charges they applied to the account for the overdraft fees, letters etc could i claim on that ?

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nothing to stop you reclaiming the PPI.

if they accepted an F&F the matter is closed.

 

if one loan refinanced another, you'll be quids in with PPI rollover

 

see

http://www.consumeractiongroup.co.uk/forum/showthread.php?318646-PPI-Single-Premium-Your-questions-answered(1-Viewing)-nbsp

 

you'll need

http://www.financial-ombudsman.org.uk/publications/technical_notes/ppi.html

 

as for the charges..that would have been the discount they offered on F&F

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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  • 5 months later...

hey well done

 

 

dx

 

 

 

 

 

 

 

 

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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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