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

[dogtired]

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

I'd fully expect them to send the money to Cabot as usually this would be offset against the arrears. As yet the enforceability issues have not been dealt with so this would still be the case until this has been resolved.

There are differing views on here as to whether an assigned debt carrys an assignment to the right of setoff for something like a ppi reclaim however imho if push came to shove a judge would argue that had the account been maintained then offset would have applied so its unfair to punish Cabot by removing that right now just because the terms were defaulted on.

I would dearly love to be able to "punish" Cabot as if they had provided the documents requested over a year ago it would have never have got this far.
They have, as appears to be usual bullied and harassed me so in the end I paid them, wish I hadn't as by now it would have been statute barred anyway.
Still waiting to see what transpires but in the end just want shut of it.

[Paul210]

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

Another question if a credit card ( bank of scotland) has been sold on (in this case to cabot) if successful does it go to Cabit or to me?
In the middle of "unenforeble" complaint with FOS and yesterday he tells me that HBOS are going to confirm they sold it to them, this has taken a year already should it not have heard sooner?

I'd fully expect them to send the money to Cabot as usually this would be offset against the arrears. As yet the unenforceablilty issues have not been dealt with so this would still be the case until this has been resolved.

There are differing views on here as to whether an assigned debt carrys an assignment to the right of setoff for something like a ppi reclaim however imho if push came to shove a judge would argue that had the account been maintained then offset would have applied so its unfair to punish cabot by removing that right now just because the terms were defaulted on.

[Paul210]

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

Nice to hear these are starting.

Any sign of any from other major lenders as yet?

I've seen lots of Loans.co.uk uphold letters but those letters mean we are still months from people actually getting their refunds..

other than MBNA nothing from a case where they actually confirmed held due to JR.
------------------------------- merged -------------------------------

Paul210 - so would I be correct in thinking that Barclays have without your acceptance added redress into your account. Are you certain that the redress they have paid you is correct. Are you happy that they paid it into your account rather than sending you a cheque and are you not a little surprised that they have done this without your agreement - or am I missing something?

This was a claim on behalf of a client so not mine personally but basically, yes that is what happened, its ocmmon for the banks to be happier to pay into a current account rather than by cheque, especially where the current account is held with the same lender and also where there is an overdraft they can clear by doing that (theyre not as daft as they look these banks!)

Correct, there was no acceptance, the letter effectively says this is their offer, this is what they are doing, if unhappy then can refer to FOS, dont think FOS would interfere with payment menthod, only really of any use if need to query calculations, however on this case barlcays gave everything FOS would award anyway and their calculations were spot on.

[dogtired]

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

Another question if a credit card ( bank of scotland) has been sold on (in this case to cabot) if successful does it go to Cabit or to me?
In the middle of "unenforeble" complaint with FOS and yesterday he tells me that HBOS are going to confirm they sold it to them, this has taken a year already should it not have heard sooner?

[skv123]

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

Paul210 - so would I be correct in thinking that Barclays have without your acceptance added redress into your account. Are you certain that the redress they have paid you is correct. Are you happy that they paid it into your account rather than sending you a cheque and are you not a little surprised that they have done this without your agreement - or am I missing something?

Barclays regularly process these without any acceptance.

To be fair to them they provide a clear breakdown and seem to be in line with FOS guidance with all their redress payments.

However, if you do disagree you can go to the FOS as you didn't accept the offer and can keep hold of the part of the redress they have already paid you whilst chasing for the remainder.

[MattyA]

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

In my case HSBC paid my PPI (£4500) into my current account, but one of my others (NW £200) paid it into my credit card account.

Nice one !

[whatnest]

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

In my case HSBC paid my PPI (£4500) into my current account, but one of my others (NW £200) paid it into my credit card account.

[di30]

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

You were spot on.

Revised offer received today including return of all PPI premiums going back to 1990 + simple interest only.
They have not however refunded interest charged in relation to the PPI premiums - After a debate about this on another thread I really dont know what to do with this now......will give 'em a rig tomorrow and discuss my concerns.

Well done Matt.,

Hope these interest issues get resolved on the phone tomorrow, good luck.

[MattyA]

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

likelihood is that they'll offer simple interest since september but I suspect you would be able to argue that your "live" card was charged at a higher rate of interest since they put it on unilateral hold.

You were spot on.

Revised offer received today including return of all PPI premiums going back to 1990 + simple interest only.
They have not however refunded interest charged in relation to the PPI premiums - After a debate about this on another thread I really dont know what to do with this now......will give 'em a rig tomorrow and discuss my concerns.

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

Paul210 - so would I be correct in thinking that Barclays have without your acceptance added redress into your account. Are you certain that the redress they have paid you is correct. Are you happy that they paid it into your account rather than sending you a cheque and are you not a little surprised that they have done this without your agreement - or am I missing something?

Good points.

[stevesouth33]

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

Just seen the first of the Barlclays JR cases, decision letter received today and funds in account straight away. - Very impressed

Paul210 - so would I be correct in thinking that Barclays have without your acceptance added redress into your account. Are you certain that the redress they have paid you is correct. Are you happy that they paid it into your account rather than sending you a cheque and are you not a little surprised that they have done this without your agreement - or am I missing something?

[skv123]

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

Just seen the first of the Barlclays JR cases, decision letter received today and funds in account straight away. - Very impressed

Nice to hear these are starting.

Any sign of any from other major lenders as yet?

I've seen lots of Loans.co.uk uphold letters but those letters mean we are still months from people actually getting their refunds..

[Paul210]

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

Just seen the first of the Barlclays JR cases, decision letter received today and funds in account straight away. - Very impressed

[leclerc]

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

I have been advised that a letter / offer of redress is on the way to me re one of my claims for mis-sold PPI and have been mulling over what it might include........and was wondering if the following would apply ?

If a claim on a live account (credit card) was started say last September, then is up held some months down the line and the redress is calculated to be more than the balance outstanding at the outset of the claim,should any interest paid on the balance since September to date be refunded?

I am thinking it should be as if they had dealt with the claim swiftly there would have been no balance to charge interest on -Does this make sense? -

I hope so because on this particular account I will have paid circa £2k interest costs whilst they claim has been dealt with.

Has anybody else been down this route?

Matty

likelihood is that they'll offer simple interest since september but I suspect you would be able to argue that your "live" card was charged at a higher rate of interest since they put it on unilateral hold.

[dogtired]

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

Well I got a letter from Barclay's saying they were "investigating" and I should hear by the 8th July.
I also had a "cold" call from a company calling themselves "Premier Financial" ( Claims management)she hung up on me when I stopped her mid speech when I asked how much they would take out of any claim!
DT
xx :tinysmile_grin_t: