Claiming back mi-sold PPI

[Piratedr]

Hi

 

I took a loan out from halifax for £9000 and was talked into haveing PPI.

 

Stage 1

 

I have sent a letter to halifax stating that i wont the PPI refunded + interest that I have paid and to have the PPI took off.

Stated on the letter that i was mis sold this ppi and all the other relevent reasons.

 

Stage 2

 

Waiting for their response which they say will take up to 8 weeks.

When they finale write back to say bla bla bla you cannot get a refund what is my next move. need a step by step guide from starting out to finnishing this claim.

 

Stage 3

 

Was told by a friend that if they refuse to refund i should contest the whole loan andd refuse to pay back my monthly payments untill they refund the ppi whats the law on this and whats the process. ie court or more letters please help me.

 

Please help

 

Dave:(

[**Tilly**]

hi piratedr and welcome to cag if you start a thread in the ppi forum you will you get all the help and advice you need there good luck

http://www.consumeractiongroup.c o.uk/forum/ppi/

PPI - Some Notes for Claimants..

[kennythecelt]

Hi Pirate:)

 

on what grounds were you mis-sold the PPI?

 

Don't listen to a friend in case you have the wrong advice and especially before you stop paying what in effect you are contracted to repay.

 

Please read the link which Tilly provided.

 

Good Luck.

[sparklyd]

Hi there. I reclaimed some PPI that I was sold by LLoyds TSb and I got it back plus interest. I went via the Financial Ombudsman route though as well as writing to bank directly.

 

I would not advise you to stop paying the loan, may cancel the insurance if you have not already, as if the policy is useless it is pointless throwing money at it. CHECK the bank's policy on this first ok.

 

I dont know if you have original agreement for loan and PPI, terms and conditions of PPI policy etc - if you dont then you need to get these either via a DPA request of a CCA request. I dont know why you feel mis-sold as you have not elaborated, but if its a clear cut reason then you should not have any problem. Mind you, saying that, mine was not clear cut according to the bank but they still credited insurance and interest which decreased my loan by a third - so its worth progressing. Try not to guess the outcome as its slightly different to getting back bank charges - Banks and PPI's have had a lot of bad press so they may pay out if there is even a slightest inkling they acted inappropriately.

 

Good Luck and hang on in there. Its easy to get despondent about these things and I have felt like backing down soooo many times - but thats what the banks want - Joe Public running scared!! So stick to your guns and search this site as thats how I have done it, and even tho I say so myself, I have been quite successful to date:p

 

Just remember tho - I am not an expert - its just what I have picked up here, so double check before you do anything ok.

 

Sparkly

[Piratedr]

When I took out the loan they said unless i take out the ppi cover then i would not get the loan. Was not told i caould have purchased it else where , nor did they say that i did not have to have it if i didnt wont to.

 

i have actually defaulted on the loan a couple of times but have always managed to get back up to date with it.

 

The ppi is still on there cause they are still adding the interest each month to my loan.

 

Sent a nasty letter to them the other day saying that iam contesting the loan on the grounds that i was mis-sold the whole loan because of the ppi.

[**Tilly**]

hi piratedr the best for advise and help is in the ppi forum i will ask to have your thread moved there

[livelylad]

Thread moved to PPI forum.

[hellhasnofury]

When I took out the loan they said unless i take out the ppi cover then i would not get the loan. Was not told i caould have purchased it else where , nor did they say that i did not have to have it if i didnt wont to.

 

i have actually defaulted on the loan a couple of times but have always managed to get back up to date with it.

 

The ppi is still on there cause they are still adding the interest each month to my loan.

 

Sent a nasty letter to them the other day saying that iam contesting the loan on the grounds that i was mis-sold the whole loan because of the ppi.

 

Hello and welcome to the ppi forum,

 

I can see that you are a bit angry and rightfully so, but you need to calm down and get all of the facts straight regarding the mis-selling of ppi.

Have you sent a ca request, if not do so now. to see what you actually signed for. Did you do a SAR?????

 

Reasons for mis-selling Making you take ppi or no loan and not telling you that you did not have to have is a good one.

 

They unfortunately don't have to tell you that you can get it cheaper somewhere else.

 

Please read around the ppi thread for added info.

 

Have you cancelled the ppi yet?????

 

Can you let us know please

[Piratedr]

Hi

 

Have not cancelled the ppi on my loan.

I have sent a sar request and it shows that over the last 6 years i have had 3 loans all with ppi.

I sent out another letter to the halifax stating i will not be paying any more money to them untill the ppi has been removed and all the ppi that i have been paying is paid back to me. (this should get their attention).

 

I feel i have been completly ripped off by the halifax.

 

Any advice would be great.

 

thanks

[hellhasnofury]

Hi

 

Have not cancelled the ppi on my loan.

I have sent a S.A.R - (Subject Access Request) request and it shows that over the last 6 years i have had 3 loans all with ppi.

I sent out another letter to the halifax stating i will not be paying any more money to them untill the ppi has been removed and all the ppi that i have been paying is paid back to me. (this should get their attention).

 

I feel i have been completly ripped off by the halifax.

 

Any advice would be great.

 

thanks

 

Hello Pirate,

 

Have the Halifax contacted you yet regarding the non-payment of the loan?

 

Have you worked out the figures yet?

 

Did you get any credit agreements with the SAR? If not you need to sent them a request for these credit agreements.

 

Send this for all agreements Cost £1 each.

 

Your address

 

their address

 

date

 

Dear Sir/Madam

Name

Loan account no/no's

With reference to the above agreements, I would be grateful if you would send me a copy of these credit agreements.

 

I understand that under the Consumer Credit Act 1974 (Sections 77-79), I am entitled to receive a copy of my credit agreement on requests I enclose a payment of £3.00 which represents the fee payable under the Consumer Credit Act.

 

I understand a copy of my credit agreements should be supplied within 12 working days.

 

I understand that under the Consumer Credit Act creditors are unable to enforce an agreement if they fail to comply with a request for a copy of the agreement under these sections of the Act.

 

I look forward to hearing from you.

 

Yours faithfully

 

They have 12 working days to comply or breach the cca, if not complied 1 month after that they commit a criminal offence. When you sign the letter do it in a particular way so you would know it again.

 

Mark all correspondence with the heading Account in dispute.

 

 

 

 

[Piratedr]

Hi

 

Halifax have responded by sending me a default notice on my loan

 

Now i was under the impression that a default notice cannot be issued when a debt has been put into dispute.

 

Can anyone help me

 

Have also sent off the cca letter.

[hellhasnofury]

Hi

 

Halifax have responded by sending me a default notice on my loan

 

Now i was under the impression that a default notice cannot be issued when a debt has been put into dispute.

 

Can anyone help me

 

Have also sent off the cca letter.

 

Hello Pirate,

 

Defaults are quite a fashion accessory these days on the site. Loads of us have them. They like to give us these without another thought. It just a robotic manuover by some morons sat by a desk. GGggrrrrrrrrr

 

No joking apart, yes they should not default you if the account is in dispute, but they do want they want anyway. There just following the process of non-payment as far as they are concerned.

 

I have sent this is many a letter, but they will process the default anyway.

Maybe amend this part to your own details.

 

Furthermore, you should remember that a creditor is not permitted to take any action against an account whilst it remains in dispute. The lack of a correctly executed credit agreement is a very clear legal dispute and therefore the following applies:

 

• You may not demand any payment on this account, nor am I obliged to offer any payment to you.

• You may not add any further interest or charges to this account.

• You may not pass this account to any third party.

• You may not register any information in respect of this account with any of the credit reference agencies.

• You may not issue a default notice related to this account.

 

 

Did the default notice come recorded delivery;) So they know that you got it:confused:

 

There will at the moment be not much you will be able to do now regarding this apart from paying them. but latter there will be:cool: Do you have access to your credit scores, if not may get some

[Gogivit]

Its very interesting that many CAG members claim (and I do too) that we could not get the loans unless we agreed to have PPI!