Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

[EuRob]

Re: Latest updates on PPI Judicial Review and claims on hold

Thanks...I may just hold you to that lol

:okay:

[Paul210]

Re: Latest updates on PPI Judicial Review and claims on hold

Thanks Paul, I just rang the bank and apparantly I had 3 graduate loans! I thought I only had the one?! Anyway the bank gave me the acc. numbers for all 3 willingly and I have to say the guy was extremely pleasant! He must have known why I needed them as I reckon they are inundated at the moment on this issue.
I have decided to try and claim back myself and not use a CMC. I have downloaded a template letter and filled this in. Hopefully me vs HSBC pulls through.
Thanks for all the advice peeps
Rob

No problem and good luck, if you need any further help seek it here or feel free to PM me.

[EuRob]

Re: Latest updates on PPI Judicial Review and claims on hold

[quote=Paul210;209172]

Secondly, you do not necessarily require a copy of the agreement to make a claim. If you are sure you had ppi then is worth lodging a letter of complaint asking for a refund of all premiums + interest, just make sure you quote the loan account number. If you dont know this then check your bank statements, next to the direct debit transactions will be the reference number. Alternatively if you dont still have bank statments try going into your local branch of the bank and ask them to check the number for you. Dont tell them what its for, just say youve mislaid the paperwork and need it, they will still be able to see the loan on their internal system and if you kick up enough fuss then they will give you what you need.

quote]

Thanks Paul, I just rang the bank and apparantly I had 3 graduate loans! I thought I only had the one?! Anyway the bank gave me the acc. numbers for all 3 willingly and I have to say the guy was extremely pleasant! He must have known why I needed them as I reckon they are inundated at the moment on this issue.
I have decided to try and claim back myself and not use a CMC. I have downloaded a template letter and filled this in. Hopefully me vs HSBC pulls through.
Thanks for all the advice peeps
Rob

[Paul210]

Re: Latest updates on PPI Judicial Review and claims on hold

Do you really need a CMC? - Loads of info about them on the forum, & I'm sure you'll get plenty of good, free, advice here.
& hi!

He doesnt (ironic coming from someone in the industry) and said he could do loan himself via here, from sound of it though hes already got a CMC looking into cards and if he cancels will likely face charges from them. CMC's have a place for people who dont want to pursue themselves for whatever reason be that complexity, time, cant be bothered etc etc...

I fully agree that any consumer willing to do the legwork in terms of research and keeping on top of the lender is more than capable of running their own claim and this is something that I've never disputed.

[charitynjw]

Re: Latest updates on PPI Judicial Review and claims on hold

Two issues here, firstly the cards, as you were in royal marines theres a decent chance you spent time on overseas postings, its likely the ppi terms state have to be a permenant uk resident so prob wouldnt have paid out, also as in forces you get paid if injured/sick therefore insurance was redundant. On this basis you have a very strong claim and I would expect your CMC to win this for you once the JR issue is out of the way.

Secondly, you do not necessarily require a copy of the agreement to make a claim. If you are sure you had ppi then is worth lodging a letter of complaint asking for a refund of all premiums + interest, just make sure you quote the loan account number. If you dont know this then check your bank statements, next to the direct debit transactions will be the reference number. Alternatively if you dont still have bank statments try going into your local branch of the bank and ask them to check the number for you. Dont tell them what its for, just say youve mislaid the paperwork and need it, they will still be able to see the loan on their internal system and if you kick up enough fuss then they will give you what you need.

Its prob worth starting a new thread for any further assistance as I'm sure theres a few people on here who would be more than happy to help you run a claim for the loan yourself.

Do you really need a CMC? - Loads of info about them on the forum, & I'm sure you'll get plenty of good, free, advice here.
& hi!

[custard]

Re: Latest updates on PPI Judicial Review and claims on hold

There's a lot of coverage about PPI at the moment, it's amazing how much money banks and other financial institutions take from us illegally. I read a stat that an estimated 70% of PPI policies are missold, but only 4% of policyholders make a claim. Shocking.

[EuRob]

Re: Latest updates on PPI Judicial Review and claims on hold

The last question is No you cannot claim with reference to yesterdays JR since you should be claiming with reference to why the PPI was missold. LeClerc

I think I was mis-sold the PPI with the graduate loan as I became self employed when I graduated in 2003. I was just going to accept this but in light of what I have read on here and the JR yesterday I was wondering if I should indeed pursue this? That is what I meant

[Paul210]

Re: Latest updates on PPI Judicial Review and claims on hold

Hi all, I am new to this forum and I have been reading the threads as a guest over a period of time but I have a question so decided to join.

Firstly, I would like to thank all who have posted on here as I have enjoyed reading your comments and has made me aware of this issue so much more!
I claimed last year on PPI on 2 credit cards I have held for 20 years using a claims company. I was in the Royal Marines when I took these cards out and was told by the bank that I have to take the policy out, which I obviously did as I wanted the credit (I was a gullable 19 yr old at the time!). The bank only recently (2 months ago) stopped the PPI, I think cos the claim against them was in?? Anyway, when I left the RM I worked self employed for a bit then went to University. After I graduated, in 2003, I took out a graduate loan with HSBC for 12k and paid PPI on this too. I tried to include this in my claim with the claims company but they emailed back quoting
"...Unless you have the loan agreement for your HSBC graduate loan we are unable to take this claim further as it was 2003 and a subject access request does not go back more than 6 years."
Is this right? I dont have the paperwork for this loan as I settled it so threw it away! I wish I kept it now but hindsight is a wonderful thing!
Could I claim on this with reference to yesterdays JR hearing?
Thanks for reading
Rob

Two issues here, firstly the cards, as you were in royal marines theres a decent chance you spent time on overseas postings, its likely the ppi terms state have to be a permenant uk resident so prob wouldnt have paid out, also as in forces you get paid if injured/sick therefore insurance was redundant. On this basis you have a very strong claim and I would expect your CMC to win this for you once the JR issue is out of the way.

Secondly, you do not necessarily require a copy of the agreement to make a claim. If you are sure you had ppi then is worth lodging a letter of complaint asking for a refund of all premiums + interest, just make sure you quote the loan account number. If you dont know this then check your bank statements, next to the direct debit transactions will be the reference number. Alternatively if you dont still have bank statments try going into your local branch of the bank and ask them to check the number for you. Dont tell them what its for, just say youve mislaid the paperwork and need it, they will still be able to see the loan on their internal system and if you kick up enough fuss then they will give you what you need.

Its prob worth starting a new thread for any further assistance as I'm sure theres a few people on here who would be more than happy to help you run a claim for the loan yourself.

[leclerc]

Re: Latest updates on PPI Judicial Review and claims on hold

The last question is No you cannot claim with reference to yesterdays JR since you should be claiming with reference to why the PPI was missold.

With regards to the appeal that will happen and will be granted, the banks had the judgement last week so that any corrections could be made(this has been discussed already on this thread). They have until 10th May to file papers to appeal the decision, we all expect they will and the FOS/FSA will have a further 7 days to respond to that appeal and then we may be into a hearing.

[stevesouth33]

Re: Latest updates on PPI Judicial Review and claims on hold

EuRob,
I had a very similar one and the 6 year rule is one of two rules, the second rule is another three years which is designed to protect people who may not have known that they had been mis-sold during the 6 years. I have a very similar situation with a claim being adjudicated by the FOS and they were very clear with HSBC that they still had jurisdiction on something from 2003, it took a while for the business to accept it but they did finally do so. I did not have any paperwork either but that did not make any difference to the FOS who have to make a decision based on all the evidence, regardless of how much or little there is, but they do take into account the context of the business approach at the time. Not sure if all of this is relavant to you but hope it helps.
Steve

[EuRob]

Re: Latest updates on PPI Judicial Review and claims on hold

Hi all, I am new to this forum and I have been reading the threads as a guest over a period of time but I have a question so decided to join.

Firstly, I would like to thank all who have posted on here as I have enjoyed reading your comments and has made me aware of this issue so much more!
I claimed last year on PPI on 2 credit cards I have held for 20 years using a claims company. I was in the Royal Marines when I took these cards out and was told by the bank that I have to take the policy out, which I obviously did as I wanted the credit (I was a gullable 19 yr old at the time!). The bank only recently (2 months ago) stopped the PPI, I think cos the claim against them was in?? Anyway, when I left the RM I worked self employed for a bit then went to University. After I graduated, in 2003, I took out a graduate loan with HSBC for 12k and paid PPI on this too. I tried to include this in my claim with the claims company but they emailed back quoting
"...Unless you have the loan agreement for your HSBC graduate loan we are unable to take this claim further as it was 2003 and a subject access request does not go back more than 6 years."
Is this right? I dont have the paperwork for this loan as I settled it so threw it away! I wish I kept it now but hindsight is a wonderful thing!
Could I claim on this with reference to yesterdays JR hearing?
Thanks for reading
Rob

[charitynjw]

Re: Latest updates on PPI Judicial Review and claims on hold

http://www.bitterwallet.com/uk-banks...comment-141530

Why not leave a comment lol?

[Paul210]

Re: Latest updates on PPI Judicial Review and claims on hold

given the fact that both sides had a draft copy of the decision in advance so the BBA knew the outcome, why do they still need to consider whether to appeal. Its likely they have already had over a week to review their options, given the strength of the judgement this doesnt appear to be a grey area, IMO any appeal would be about creating more delays rather than thinking they could actually win and even if they did the FSA would just go down the s.404 route, therefore its cut and dry, you either appeal to cause more disruption or you dont and get on with the job at hand, that seems to be a pretty much instant decision.

[Angry Cat]

Re: Latest updates on PPI Judicial Review and claims on hold

http://www.guardian.co.uk/business/2...nsurance-banks

[Angry Cat]

Re: Latest updates on PPI Judicial Review and claims on hold

http://www.independent.co.uk/opinion...g-2270687.html

http://www.independent.co.uk/news/bu...n-2270649.html