Help Please with HFC PPI

[rubmilljess]

Hello everyone,

I have been reading all the info about the ppi and how to claim.

My Partner believes he was mis-sold a ppi by HFC in 2001 (the loan ended in 2007.)

He was told that the ppi was necessary to ensure the loan went through. The agreement also has pre-selected boxes.

I have already received all the paperwork from HFC via a S.A.R - (Subject Access Request) request.

I was wondering if somebody would be able to have a look at the agreement to see what he needs to claim back.

Many Thanks

[Curlyben]

Re: Help Please with HFC PPI

The agreement should have the PPI broken down, both as a value and interest applied.
Feel free to scan and post it up, after removing personal details of course.

HFC have recently been fined millions for miss-selling PPI and this is also a part of a large and complex claim I have ongoing with them at present.

[rubmilljess]

Re: Help Please with HFC PPI

I have attached the agreement and the Policy of insurance.




Many Thanks

[Curlyben]

Re: Help Please with HFC PPI

Oh dear. Now why do I get that feeling again.
They have sold you TWO lots of PPI for this.
The first is detailed in the loan agreement:

Life: 1386.37
ASU: 2550.79
Int: 3374.29
TOTAL: 7111.44

and the seperate insurance agreement (note same agreement number)

Crit: 528.00
Life: 60.47
ASU: 102.54
Int: 623.59
TOTAL: 1314.60

All in all for a grand total of Ł8426.04

Naughty HFC !!!

[rubmilljess]

Re: Help Please with HFC PPI

Morning Curlyben

I was a little confused at the 2nd (policies of insurance) - is that normal to sell you 2 PPI's ??

So would my partner need to claim back both of them ??

Many Thanks

[Curlyben]

Re: Help Please with HFC PPI

Not only is it NOT normal it's a seriously sharp practice and an excellent reason for going for the whole miss-selling.

[rubmilljess]

Re: Help Please with HFC PPI

Just another question how do I work out the 8% interest to be added on and at what stage is this done?

Thanks
xx

[TANZARELLI]

Re: Help Please with HFC PPI

Oh dear. Now why do I get that feeling again.
They have sold you TWO lots of PPI for this.
The first is detailed in the loan agreement:

Life: 1386.37
ASU: 2550.79
Int: 3374.29
TOTAL: 7111.44

and the seperate insurance agreement (note same agreement number)

Crit: 528.00
Life: 60.47
ASU: 102.54
Int: 623.59
TOTAL: 1314.60

All in all for a grand total of Ł8426.04

Naughty HFC !!!

Tut tut tut, naughty naughty.

[Curlyben]

Re: Help Please with HFC PPI

Yeah just ALOT !!!!

Anyway time to read through the PPI rules: PPI - rules before 2005 - How to tell if you’ve been mis-sold PPI and Rules of selling - How to tell if you’ve been mis-sold PPI
------------------------------- merged -------------------------------

Just another question how do I work out the 8% interest to be added on and at what stage is this done?

Thanks
xx

Sod 8%, go for ALL the interest you have paid

[rubmilljess]

Re: Help Please with HFC PPI

Hi Curlyben

The member of staff at HFC told my partner that in order to get the loan he had to get the PPI - they never asked if he needed it or if it was suitable.

I have been looking around the forum and have drafted a letter to send them today- I have not included any information regarding the 2 PPI's and wording with that would be great.

How do I work out the 8% ??

Many Thanks

[rubmilljess]

Re: Help Please with HFC PPI

In the letter I send them today I need to request Ł8426.04 which is the 2 mis-sold PPI's is that correct.

Thanks
xx

[Curlyben]

Re: Help Please with HFC PPI

Overall yes.
I'd also break it all down, as I have above.
Don't worry about the 8% stat int as this would only apply once a court claim is made.
In any case you are requesting ALL of the payments including interest be returned.

[rubmilljess]

Re: Help Please with HFC PPI

Thanks for your help Curlyben xx