Black Horse Finance PPI

[Jonski]

Hi,

In January 2007, I applied for and was succesful in obtaining an unsecured loan with Black Horse Finance. I was asked to go into my local branch, when I was in there I was given all the loan agreements to sign, the agent was really forceful in advising me to take out the PPI (I had loans before and they were not as pushy). She said to me that if I did nopt take out the PPI then the APR I have would be much higher and she implied that the loan could also be in jeopardy although she never stated this exactly. I was not advised that I could cancel the PPI at anytime or infact within a statutory 30 day cooling off period. I just accepted this as part of the loan until I have read other issues. Does anyone think I have a chance of getting my premiums paid back?

Thanks

John.

[Amethyst]

Re: Black Horse Finance PPI

From the sounds of it I would say yes, certainly sounds like misselling.

But I will get a PPI bod over to help you out

[Amy]

Re: Black Horse Finance PPI

Sounds like you have a good case to me. Have a read here, if you have not already done so.

Legal Beagles

[TANZARELLI]

Re: Black Horse Finance PPI

Oh sounds familiar.

I am going after Black Horse for the mis-selling of PPI.

Have you sent them a SAR yet? If not I suggest you do this to obtain all the info you can get surrounding the PPI and all personal data.

Black Horse were not covered by GISC prior to the PPI industry becoming under the regulation of the FSA and therefore if your loan was pre Jan 2005 then it will be hard to take this claim to the FOS as they wont have what is known as retrospective jurisdiction.

This may mean that you will need to file a court claim against Black Horse who will more than likely want it thrashig out in a court room.

You need to remember as much as possible from the point of sale. Ie what was said what was discussed. They should have assessed ytour suitability for the PPI when taking out the loan so you should request all information in your SAR relating to any Demands and Needs assessment that was undertaken at the point of sale.

Also you want your Credit AGreement if you don't have it and any policy wording schedule relating to the PPI policy.

Tanz

[Jonski]

Re: Black Horse Finance PPI

Brilliant thanks for the information. The loan was January 2007 so it should be covered by FOS. I understand from your posts. I will fish out what information I have post it here then I will request a SAR.
Many Thanks again.