befuddled Vs Blackhorse

[befuddled]

Hi all, i am looking for some advice re ppi reclaims. I have in the past successfully reclaimed bankcharges and have only recently discovered i have paid ppi which was not any good to me. I have read lots but must say i find it very confusing (hence the name). I have contacted a third party company who explained it was difficlut to reclaim ppi....however thought i would start a little research and i came back here as you guys helped me in the past.
My problem is this (amongst others) please bear with me i usually get there in the end :tinysmile_hmm_t2: i have paid ppi on two loans which were both settled early, what can i reclaim here? and do i reclaim the total charge for credit orthe payment protection plan premium....i apologise in advance if this seems a stupid question....but hey all questions are difficult if you dont know the answer
many thanks
an old friend ( well not old!)

[Amethyst]

Re: befuddled Vs Blackhorse

The CMC WOULD say its difficult - they want you to pay them to do it !

The Financial Ombudsman have a specific form for complaining about PPI - so use that as a basis and complain first to the bank, the to the FOS.

The reclaim will be the PPI premium, plus the interest paid on it, plus any broker fee/commission on the PPI, if its all set out nice and clearly on your agreement then should be quite easy to work out, then they can argue it if they want.

Will get link to the FOS stuff.

[Amethyst]

Re: befuddled Vs Blackhorse

standard documentation for PPI complaints

designed to encourage more efficient, co-ordinated and consistent handling of PPI complaints across the financial services industry

• consumer questionnaire [in Word format]
  for consumers bringing a PPI complaint (either to a business or to the ombudsman service)

That link above, and have a look at the posts I've pasted from the PPI forum below.




Sticky: PPI claims through the FOS
Amethyst

15th July 2009 13:15:PM
by Amethyst

0 1,055 Sticky: PPI Notes - PLEASE READ FIRST
Paule

28th February 2009 16:58:PM
by Paule

1 1,884 Sticky: PPI Preliminary Letter
Paule

28th February 2009 16:57:PM
by Paule

3 1,693 Sticky: PPI Letter Before Action
Paule

[befuddled]

Re: befuddled Vs Blackhorse

many thanks.

[befuddled]

Re: befuddled Vs Blackhorse

I have read the templates...im still very confused...but hey im sure i will learn as i go...so nice to see so many old faces here

[befuddled]

Re: befuddled Vs Blackhorse

Hi again, still cant find the information i need could anyone clarify for me as stated on agreement:

amount of credit(payment protection plan premium) £6229.58
monthly repayments £86.84
Total charge for credit £4191.22
total amount payable £10420.80
Im sorry if this seems really stupid but im not sure what i should be claiming back and please can you tell me do i have to deduct any sums of money because i repaid the loan early?
thanks in advance.

[moon-shadow]

Re: befuddled Vs Blackhorse

Hi, just to clarify, when did you
A) Take the loan out, date and actual amount you applied for
B) Was the PPI, a one off fee, or taken as a monthly premium, if a one off fee how much
C) When did you pay the loan off

will try to help
moon-shadow

[befuddled]

Re: befuddled Vs Blackhorse

Hi moon-shadow, sorry for delay, i am relclaiming ppi on two loans 1st loan:
04/11/2004 £15,000, ppi monthly premium £63.79 loan paid off 07/06/2005
2nd loan:1/6/2005 £19,800, ppi monthly premium £86.84 loan paid off 05/07/2006
Many thanks for your help.

[stickman]

Re: befuddled Vs Blackhorse

Hi all, i am looking for some advice re ppi reclaims. I have in the past successfully reclaimed bankcharges and have only recently discovered i have paid ppi which was not any good to me. I have read lots but must say i find it very confusing (hence the name). I have contacted a third party company who explained it was difficlut to reclaim ppi....however thought i would start a little research and i came back here as you guys helped me in the past.
My problem is this (amongst others) please bear with me i usually get there in the end :tinysmile_hmm_t2: i have paid ppi on two loans which were both settled early, what can i reclaim here? and do i reclaim the total charge for credit orthe payment protection plan premium....i apologise in advance if this seems a stupid question....but hey all questions are difficult if you dont know the answer
many thanks
an old friend ( well not old!)

hi befuddled you can claim both of them mate
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hi befuddled you can claim both of them but do it quickly its going to change