PPI and Statute of Limitations

[reidnet]

Hi advice please!

 

LLoyds loan £15k in April 1999 sold PPI for £3k added to loan told had to have it as a term of the loan. I assume this is miss selling but does the Statute of Limitations apply to miss selling?

 

Bicester1

 

As it is over 6 years ago it may be outwith the time limit, But there is no harm in writing to them. How long was the loan running for ?, you could always go for any payments paid within the 6 years.. That is only my idea but others may offer better information regarding the 6 year limit.

 

Good Luck

 

Ian

[reidnet]

I have also used the Misrepresentation Act of 1967 in my claim against GE Money / Purpleloans. Just for good measure too..lol. I mainly threw that in as well because the fact that GE Money were not under the Jurisdiction of the OFT etc at the time I took out the loan, then some of my arguments might be thrown out. But they cannot hide from the Misrepresentation Act of 1967 .. Just have to cover all avenues..lol

 

Though I have quoted several Laws etc to GE Money I honestly think they have not even read half of the correspondence, Their Argument is you ticked the Box for PPI...aye right..lol since the forms were all filled in by their agent I only signed where asked. And again was told no PPI no Loan. when will these people eventually sit up and listen to complaints..

 

Im taking My case to Court at the start of the year, Just too busy just now with Xmas and New Year as this is our Band / Discos bussiest time of year.

 

I had a look at the above link too, have printed it of for reference too..

 

Well at Least GE Money / Purpleloans and Firstplus can expect some Bad Publicity in early January with the Tonight with Treveor McDonald Programme.. I have been in a lot of discussions with Granadamedia and they are due to come up here very soon..lol

 

Good Luck

 

Ian

[reidnet]

Thanks.

 

Have a good Christmas and stay in touch!

 

Bicester1

 

Will do m8, Just we are busy just know entertaining all the P1sheads for the Xmas and new Year parties..lol

 

Have a Good Christmas too.

 

Ian

[reidnet]

Looks good to me, Will be interesting to see what response you get from that letter.

 

Good Luck, and I will keep an eye on your progress.

 

Ian

[reidnet]

Interseting reading there m8..Thanks for that info,

 

Will have a thourough read through it later this weekend.

 

Thanks

 

Ian

[reidnet]

I have printed it off and will have a good read of it tomorrow, Bit too many sherries tonight ..lol

 

I did have a quick look over it earlier and thought a couple of points could be added into my own Statement of claim.

 

I have a couple of other little things up my sleve that I am about to HIT GE Money / Purpleloans with..lol

 

Ian

[reidnet]

Hi,

I calculated the Interest Rate on the PPI at the Contractual Rate (ie the rate that the loan was set at, Mine was 7.9% APR variable)

 

I am hopint to finish my statement of claim against GE Money over the next couple of days and get it sent of to Court early next week.

 

I am also expecting a reporter / researcher from the national Media to visit me on Wednesday to gather more info for a TV Program due to be screened Mid January.

 

Ian

[reidnet]

Hi Sean,

Why did I Crindge when I saw GE Money / Purpleloans there..lol, If you have not yet written to them to complain, I would skip all the Morrons and write directly to the Head Morron (Name & Address Below). Though I doubt if you will get any sense out of them and they will never respond within your time scale. Well thats My Experience of GE Money / Purpleloans anyway.

 

Mr Rupert Peacock

Customer Relations Manager

GE Money Consumer Lending Ltd

53-61 College Road

Harrow

Middlesex

HA1 1FB

The name and Address that you send you SAR to is below.

Shamus Jivraj

Compliance Dept.

GE Money Purple Loans Limited

Malvern House

Croxley Business Park

Watford

Hertfordshire

WD18 8YF

 

When you submit SAR remember to also include in your request all transcripts and audio recordings of all telephone calls that may have been recorded.

 

Again they will take their time to answer your SAR, they failed to deliver mine within the 40 Days and did supply it after I sent a Failure to Comply Notice to Mr Peacock by Fax. Strangley I recieved my Part info 2 days later.

 

I was Mis Sold the PPI on my loan, Was told no PPI then No Loan, that was from a sales rep that caled to my house, The rep filled out all the paperwork and I signed.

 

GE's Final answer on this was you ticked the Box for PPI so Tuff Sh1te, I think Not..lol, the sales rep ticked the boxes.. I have all the paperwork ready to get sent off to court on this one, but due to workload and personnal things going on at the Momment I may have to wait till Feb before sending Papers to Court.

 

You will of Course find GE Money , Rude, Aragent and they seem to think they are well above the law.

 

I also Involved the OFT (Could not help as GE Not Regulated by them at the time). The FSA, they did take the complaint serious but of course will not handle individual cases. The FISA of whom GE are members, They took the complaint serious too, But sadly the FISA have no real power and requests from them to GE Money to contact myself to try and resolve the matter fell on deaf ears with senior management at GE Money.

 

Hopefully with the Publicty that is about to hit the TV Screens..lol GE Money may actually take note that they cannot treat Consumers the way they currently treat them.

 

I have been Involved with Granada TV re the Tonight with Trevor McDonald program, they are screening a program on the issues of PPI on Friday 12th January 07. I had the film crew etc here last week to carry out the Interview. In the Interview Lloyds TSB were mentioned as I succesfully reclaimed on a Mis Sold policy from them, I recieved full refund on that one without too much bother. Funnily enough I had the Press Office from Lloyds on the Phone on Monday mornining..lol, Granada have written to them for their comments and the poor guy was panicing a wee bit..lol.

 

Good luck with your claim, and If I can be of any help please don't hesitate to shout on here or PM me.

 

Ian

[reidnet]

Just wondering as we took out a loan in 2000, with Lloyds, same thing for us but have no proof that that is what they said.

 

And how can they prove that it was not said ?.. Thats just my opinion..lol

 

Hi Bicester1.. Yeah you are right there seems to be a fair bit about PPI hitting the Press again..lol. Ohh and expect some more fairly soon too. . I spent another long afternoon on the phone on Friday with a Media Comapnay that I have dealings with, Another Press release has gone out to one of the Major National Papers who are keen to run the stories, Once they have run it then the Media Company will punt it aroud all their National Press Contacts.

 

I still havnt got my Apology from Lloyds Yet either..lol , Cant wait to see what they say apart from "We have had enough of you , you moaning faced &&4^^%%$..lol Wonder if they may close my account too.. Oh well if they do that will give me something else to moan about..lol.

 

Still no response from the Nice people at GE Money either.. I Think I will give the guy a call tomorrow and see what his response is (will record call of course..). I will wait till after the post comes tomorrow just in case he has already sent me a cheque..lol.

 

Ian

[reidnet]

If anyone's after LLoyds for mis sold PPI then this is the addy that is dealing with my prelim.

 

Customer Care

Lloyds TSB Insurance

Tredegar Park

Newport

South Wales

NP10 8SB

 

TEL 0845 3005599

FAX 01633 468835

 

Bicester1

 

That was the address that dealt with my claim too, In fact they could not have been more helpful.. But I bet it is changed days there now..lol

[reidnet]

I have just sent my LBA to the above address.

 

Lets hope they even respond..... not like in my thread:

http://www.consumeractiongroup.co.uk/forum/ppi/62046-martinix-lloyds-tsb-select.html

 

Hi Martin, Have answered on your thread too..

 

 

Just been a bit busy past few days or so.. Planning my next Move on GE Money etc ..lol

[reidnet]

Good luck M8..

 

Will keep an eye on this one too..

 

Ian

[reidnet]

I used the Misrep Act in my claim too, along with the fraud act2006.. Be interesting to see what they come back with.

 

Cant wait to see if GE made comments to the press, they have been in touch with GE over tomorrows story in the Glasgow Herald..

 

And the Scotsman are holding back their story to see the outcome of this one..

 

Ian

[reidnet]

Hi Gooders,

Firstly PPI should always be optional, with them sending the forms with the box already ticked in my opinion does not make the PPI optional. If you go after a refund on the PPI I would use the Contractual Rate Interest, eg the %APR that the loan was set at.

 

Ian

[reidnet]

I would tend to strike while the Iron is hot sort to speak, PPI is under Serious Investigation by the FSA at the momment.

 

Ian

[reidnet]

Well, as they cannot find the original agreement it is hard to tell if you are getting the full amount back. The interest should be calculated at the Agreement contractual rate if possible.

 

Ian