PPI & CCA

[middenmess]

Some time back 'over the road' a post was made on a thread I'd started about a credit card by a member that...

''PPI premiums are not legally allowed to be added to the credit balance.

In doing so, the agreement is voided because interest is thus charged on the PPI premiums. They can only charge interest on sums borrowed.''

''The PPI premiums will have been added to the credit balance and thus the interest rate is far higher than stated and so the prescribed terms are wrong- and so the agreement is totally unenforceable anyway.''

The poster had made successful claims against BC and also emailed me a BBC Radio 4 "You and Yours" interview with a solictor which explains the above.

This was over 12 months ago and I don't think I've read a post 'here' or 'there' where this argument has been used.

Has any one on here considered or actually used this argument when defending a court case or challenging a CCA?

[WendyB]

Re: PPI & CCA

Sorry,I haven't heard of it. Would have thought it can't be that well known otherwise everyone and God's dog would be using it lol. Regarding challenging a CCA, in what respect?

[middenmess]

Re: PPI & CCA

Sorry,I haven't heard of it. Would have thought it can't be that well known otherwise everyone and God's dog would be using it lol.

That's what I find strange--but it worked for the poster..

http://www.consumeractiongroup.co.uk...ead.php?168312

Regarding challenging a CCA, in what respect?

Prescribed term APR would be wrong according to the poster.

The copy of the radio interview is in a .wav file of 2mb which I can email to you if you want--bit difficult to follow but on second [or third!!] listening it starts to make sense!

[WendyB]

Re: PPI & CCA

Thanks, but no thanks. I was just curious, CCA really doesn't do it for me, probably because I don't have any CCA issues myself. I just sort of learn as I go along by reading other peoples threads. I'd proibaly lose the will to live after the first hearing, and be slitting my wrists by halfway through the second lol.

[pompeyfaith]

Re: PPI & CCA

also worked in the case of mbna v lynne thorius.

PF

[middenmess]

Re: PPI & CCA

also worked in the case of mbna v lynne thorius.

PF

Hi pompey--up late!

Is there a link to mbna v lynne thorius?

[pompeyfaith]

Re: PPI & CCA

Here you go take your pick

http://www.google.co.uk/search?hl=en...meta=&aq=f&oq=
------------------------------- merged -------------------------------
As you can see it was well publicised.

[Amethyst]

Re: PPI & CCA

Pompey, I can't see where Thouris is relevant to 'PPI premiums are not legally allowed to be added to the credit balance.'
MBNA -v- LYNNE THORIUS - SOLICITORS OPTIMA LEGAL SERVICES is the transcript.

There is another case which I cant for the life of me recall the names where it was stated that whether an amount in in total credit or total charge for credit it can still attract interest.

[Amethyst]

Re: PPI & CCA

Noomills case was no agreement produced, they produced a barclaycard agreement instead of a Morgan Stanley one. they settled out of court and the question of interest on the PPI wasnt raised, so not really that sure of the relevance of the link you posted to his Ms/barclaycard thread ?

On other note I looked at your thread over there to check what noomill had said (25 Days Late,3.5 Kilos Of SAR Arrives With 1989 Agreement ) and like the piccie of your SAR tower lol.

[Angry Cat]

Re: PPI & CCA

The Unfair Relationships Test, rears its head again...

[middenmess]

Re: PPI & CCA

Amethyst. ''..like the piccie of your SAR tower lol.''

If I added all the DCA's letters to it that I have since received I'd need to stand much further away to fit it all into the lens!

Due to the hundreds of thousands of DSAR and FOI requests there must be vast deforested areas of our planet directly attributable to the introduction of these two acts!!:tinysmile_aha_t: