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reclaiming vintage hfc ppi


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Could be a struggle getting info that old off them, not saying they wont have it, but they wont want to give it you if it means actually working to collate it all

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I am not legally trained or qualified, any advice i offer is gleaned from experience and general knowledge, if you are still unsure after receiving advice please seek legal advice.

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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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we have know HFC to provide data back to the late 1980 several times.

 

 

the thing to do with HSBC is to detail everything you know and should on the sar.

 

 

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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  • 3 months later...

Just updating this... have now involved FOS... they have just emailed to say that HSBC have contacted them to say that they do not hold any information and are asking if I have any proof by way of bank statements, etc... this is 30 years ago!! Also, I believe we had an HFC bank account at that time, so they are probably just trying to get out of it...

 

The FOS has asked me to report back if I have any proof of payments but said they don't expect me to have these as it was so long ago...

 

So... ball back to HSBC...(I notice they are in the papers again for their involvement in some financial scandal)...

 

Will be back again as soon as I hear any more. TB

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Just updating this... have now involved FOS... they have just emailed to say that HSBC have contacted them to say that they do not hold any information and are asking if I have any proof by way of bank statements, etc... this is 30 years ago!! Also, I believe we had an HFC bank account at that time, so they are probably just trying to get out of it...

 

The FOS has asked me to report back if I have any proof of payments but said they don't expect me to have these as it was so long ago...

 

So... ball back to HSBC...(I notice they are in the papers again for their involvement in some financial scandal)...

 

Will be back again as soon as I hear any more. TB

 

 

May of been burnt in (mountain) Fire years ago, a lot of records destroyed in storage, they hate to admit the fact. believe a lot of Worldwide records was stored there

:mad2::-x:jaw::sad:
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Hmmm… I didn't know about that!

 

 

I wonder if the FOS will uphold my claim, being as there is a signed agreement but no actual proof of payments…?

 

 

The other thing is that HFC also put a charge on our property as well as the PPI insurance…

(only my husband was covered on the PPI as I wasn't working, so I suppose they thought they would secure the loan every which way they could, just in case)…

 

Thinking back

… we were very young and totally naive at the time…

I'm now wondering if they were paid twice.

. once through the loan payments and then again when the house was sold,

unless they removed the charge when the loan was paid up… I've no idea… erk!!

 

 

TB

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so it was a secured loan..

 

the charge would be resolved upon completion of the loan.

I don't believe HFC were part of the great fire.

 

if you look up atleast ims21 threads

you'll he got data back to 1983and there were a couple of others too.

 

I suspect the bank account was a personal loan account plus

have a read of that IMS21 thread.

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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I see the threads might of got lost in the old virus attack we had some while back

I'll see if I can recover them

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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  • 2 months later...

Getting very excited... looks as though the FOS has upheld the claim..

. they are giving HFC until the 21st to come up with a reason why they should not pay the full amount of my claim.

 

 

.. they are offering to pay for 24 months when the loan ran over 7 years..

. FOS has told them to pay 5 years PPI plus £100 for messing me about and saying I needed more proof, when I had provided all the documentary evidence.

 

I was paying £107 per month and the claim goes back to 1986...

Watch this space!! :whoo:

TB

 

So what you said, DX, about them having data which goes way back, is correct... and anyone who has had a loan with HFC should pursue it... they DO have access to the really old stuff and this is the proof. TB

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Statint sheet does it all for you

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 dx... my computer sez 'No'... I need to update apps or something and I don't know the password.. duh!

I found some calculators online... the difference between simple interest at 8% and compound interest is massive!!

I guess I'll only be allowed to calculate the former, though, as this was PPI on a loan rather than a credit card.

I must say, £1400 doesn't seem a lot, seeing as I've waited 30 years for it... The compounded interest is around £25k! TB

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what do you mean

you've not got Microsoft office?

 

 

you can download and install open office then free

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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forget this compound int on a LOAN.

 

 

their int is already calculated in the monthly sum you paid for PPI.

 

 

on most HFC agreement it tells you the sum per month you are paying for PPI.

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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go look you have a search engine as well as what we have!!!

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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I was paying separate premiums of £10.77 per month for 5 years... TB

 

 

and the total you paid per month was?

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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I was paying separate premiums of £10.77 per month for 5 years... TB

 

 

and the total you paid per month was?

 

I make it 11.63 with the 8% interest added...

So x that by 60 and it comes to £697.80 owed.

Unfortunately, I was unable to download the Micro Office spreadsheet app, but I came across this very simple calculator where you just enter the figues in and it does it all for you.

Very clever!

http://www.trethowans.com/site/resources/interest_calculator/

 

TB

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Oh...cr*p! Sorry dx... I'm very confused now... I don't know why, but I thought I was paying the PPI separately from the loan. I've just had a look at the agreement and the PPI and loan are rolled into one monthly payment.

The loan payments were £179.58 and the PPI of £10.77 was added to it, making a total monthly premium of £190.35.

The PPI apparently comprises 6% of the monthly loan payment. APR on the loan was 22.4%.

I don't know if this makes it different when calculating the interest on the PPI. TB

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that's too low for PPI. 5.7%PPIPCM

 

 

the £10.77 PCMPPI is prob right - but is the £179.58 for goods before or after interest is added.

 

 

can you scan the agreement to pdf please

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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