Egg Mis-sold me a Top-Up Loan

[The Debt Star]

Re: Egg Mis-sold me a Top-Up Loan

The sum Freddo is asking for is the whole amount ie the entire balance and not a re-calculated sum with the ppi element taken off. does this make a difference? also, as the amount of principle is in dispute ie I claim £X in PPI and they haven't confirmed either way what is being offered by them, I would have thought an application by Freddos could be set-aside??

[The Debt Star]

Re: Egg Mis-sold me a Top-Up Loan

ps you can have a Frederickson International Chocolate Bar on me

[Bill-K]

Re: Egg Mis-sold me a Top-Up Loan

LOL - Lurve the Freddo bar !!!

Sorry if I misled you, DS. As Ame says, there's nothing to stop them taking you to court, but if they don't exhaust other avenues first, then they are flouting the pre-action protocol which suggests this - and thus may appear vexatious.

Not regulations or law - but simply part of the bank's own complaints procedure, as published by them, and usually in line with The Banking Code.

[The Debt Star]

Re: Egg Mis-sold me a Top-Up Loan

The sum Freddo is asking for is the whole amount ie the entire balance and not a re-calculated sum with the ppi element taken off. does this make a difference? also, as the amount of principle is in dispute ie I claim £X in PPI and they haven't confirmed either way what is being offered by them, I would have thought an application by Freddos could be set-aside??

can I just add, further to my query about the sum of principle being litigated over
(above), that Fred's were passed my account after I had disputed it with the OC.
I was under the impression from CAG, and perhaps wrongly, that DCAs couldn't pursue a debt that was already in dispute prior to their involvement. It was originally with CrapQuest who, when I disputed the account, passed it back to Egg.

[Amethyst]

Re: Egg Mis-sold me a Top-Up Loan

They shouldnt, under lending code, banking code (now bcobs), and oft 664, but they do.

[Bill-K]

Re: Egg Mis-sold me a Top-Up Loan

Cheers, Ame. Looks like more ammunition for you, DS. Yet another thing which you could point out to them, which a court "would not look favourably upon."

More "grist to the mill," but the term 'bank fodder' springs to mind. I dunno why - but I'll have nightmares...

[The Debt Star]

Re: Egg Mis-sold me a Top-Up Loan

Not that anyone could call Fred's greedy

[The Debt Star]

Re: Egg Mis-sold me a Top-Up Loan

Here is Egg's response. Received today.

http://i822.photobucket.com/albums/z...1/13c07b51.jpg

They offer nothing regarding the PPI element in Loan 2.

An suggestions for my response?

[Amethyst]

Re: Egg Mis-sold me a Top-Up Loan

what are the two figures for if not the PPI?

[Turboman]

Re: Egg Mis-sold me a Top-Up Loan

Hi Debt Star--I promised Bill I'd look at your stuff-but got bogged down on PF's case--will look over this weekend--I think you sent some stuff to Bill in our enclave at Simiantics I think ?

Turbo

[The Debt Star]

Re: Egg Mis-sold me a Top-Up Loan

what are the two figures for if not the PPI?

Amethyst: My letter to Egg is posted at #49 above (amended by Bill) and this explains why there is a large PPI element contained in the consolidation loan 2 - irrespective that no PPI was sold with that consolidation loan. This is because a PPI weighting was carried over from the original loan. Bill & Turbo have done the math.

The 2 sums Egg refer to relate to the CC and Loan 1. Not what is claimed for Loan 2.

If the FOS find that Egg have mis-sold the PPI then Egg will have to stump this additional sum (of approx £900) up.

On the Default side, Egg fail to recognise that as data controller they have an obligation to record accurate default sums. The fact that part of the original sum defaulted contained a large element (£2000) of mis-sold PPI means that they are under an obligation to amend the data they have recorded (I would have thought?)

Turbo: Hi. Yes, I have mailed to Simiantics.

DS

[Bill-K]

Re: Egg Mis-sold me a Top-Up Loan

Egg seem to have offered £677.14 in settlement of the Credit Card account PPI. My estimate was £665.86 - so I think we can accept that. As there was no PPI carried forward from this, then we can consider it finalised. Done & dusted.

The original figures I gave for the Loan accounts were:-
Loan 1 - £318.98 PPI reclaim, with £819.47 of PPI carried forward to Loan 2;
Loan 2 - £409.30 PPI reclaim, with a further reduction of £536.68 in the remaining balance.
A total reclaim of £318.98 + £409.30 + £536.68 = £1264.96 (£728.28 of that by cheque).

What Egg appear to have offered is:-
Loan 1 - £469.32 PPI reclaim, withzero carried forward to Loan 2.
(Loan 2 - zilch).
A total offer of £469.32, which is £795.64 LESS than our total claim.

[Turboman]

Re: Egg Mis-sold me a Top-Up Loan

Egg seem to have offered £677.14 in settlement of the Credit Card account PPI. My estimate was £665.86 - so I think we can accept that. As there was no PPI carried forward from this, then we can consider it finalised. Done & dusted.

The original figures I gave for the Loan accounts were:-
Loan 1 - £318.98 PPI reclaim, with £819.47 of PPI carried forward to Loan 2;
Loan 2 - £409.30 PPI reclaim, with a further reduction of £536.68 in the remaining balance.
A total reclaim of £318.98 + £409.30 + £536.68 = £1264.96 (£728.28 of that by cheque).

What Egg appear to have offered is:-
Loan 1 - £469.32 PPI reclaim, withzero carried forward to Loan 2.
(Loan 2 - zilch).
A total offer of £469.32, which is £795.64 LESS than our total claim.

Good work Bill--bees knees--my mentor--your holiness--although debt Star mentions both of us---I didn't do any work ,Debt Star on this

Turbo

[Bill-K]

Re: Egg Mis-sold me a Top-Up Loan

---I didn't do any work ,Debt Star on this

Turbo

But you DID, mate. I used your spreadsheet !!!

[The Debt Star]

Re: Egg Mis-sold me a Top-Up Loan

Ok guys. I'll fire off my letter and the loan 2 spready. Will report back.