ppi

[Skips74]

Hi I am new to this site i was wondering if anyone can advise me, I had 3 loans with halifax from 2003 to 2010 total 24000 I had front loaded ppi on loan 1 then consolidated with loan 2 then 2 years consolidated loan 3 till 2010 when all paid . Halifax refused my ppi so i took to fos recieved a letter 10 may from fos stating they have won my case and to give halifax 8 weeks to do calculations do they work all the ppi on all loans and how long will i have to wait after the 8 weeks if dont get anything.

[di30]

Re: ppi

Hi I am new to this site i was wondering if anyone can advise me, I had 3 loans with halifax from 2003 to 2010 total 24000 I had front loaded ppi on loan 1 then consolidated with loan 2 then 2 years consolidated loan 3 till 2010 when all paid . Halifax refused my ppi so i took to fos recieved a letter 10 may from fos stating they have won my case and to give halifax 8 weeks to do calculations do they work all the ppi on all loans and how long will i have to wait after the 8 weeks if dont get anything.

Hi and welcome

From what I can remember if you hear nothing from the bank by 8 weeks, you then contact the Adjudicator who dealt with your complaint, who usually chases this up for you.
From what I understand the adjudicator will already be aware of what the bank should pay you, as they too will receive details of the calculations from the bank.

I think the Adjudicator will give the bank a week or so, but the interest will add up, so assume the bank will want to deal with your complaint within the timescale. Any problem though, do let the FOS/adjudicator know.

However, I am at the understanding that the decision made by the adjudicator is sent to yourself and the bank, and if the bank still does not accept the complaint, the complaint will usually be forwarded on to the main ombudsman for review, where they highly likely to agree with the adjudicators decision anyway, and if it did end up going this far, you should be awarded further redress for the distress and inconvenience.

Hope this helps, well done

[Tululia]

Re: ppi

Hi am new so sorry for not being brave to asked question ,but feel like give up ,I have sent so many letters over the last year for ,bank charges ,ppi Mis sold ,you wood not believe the amount of money we have lost ,well I feel stole through gready ,advice but last few year am on a mission to get our own money back ,the problem I have is wording my letters to banks and so tried of them not helping ,plus my husband thinks am stupied for still trying that does not help .. Buy I wiil win because I can't be that thick ,,,I have statements going back to1992 they are shocking of charges ,northern Rock taking payments twice in two weeks of each other ,on on on !, ,so please for my own sane health ,can anybody help me find a good leagle adviser pls..

[Tululia]

Re: ppi

Hi ,hope the more I use this the less complicated i make myselve.....

[di30]

Re: ppi

Hi there it does help that you have kept statements, because that will help in regards of it being an old account, I do also think it's worth a go.

In regards of reclaiming PPI, keep it separate to that of charges. I take it you mean bank charges?

Will pop back here at some point over the weekend and post up some links for you, and the complaint questionnaire for PPI etc (my computer is running slow tonight) lol.

[Skips74]

Re: ppi

Hi I am new to this site i was wondering if anyone can advise me, I had 3 loans with halifax from 2003 to 2010 total 24000 I had front loaded ppi on loan 1 then consolidated with loan 2 then 2 years consolidated loan 3 till 2010 when all paid . Halifax refused my ppi so i took to fos recieved a letter 10 may from fos stating they have won my case and to give halifax 8 weeks to do calculations do they work all the ppi on all loans and how long will i have to wait after the 8 weeks if dont get anything.

Hi I am back i need help i have just recieved a letter from halifax with an amount for the ppi it does not seem right can you help I took the first loan on 6/3/2003 for 7800 over 48 months total charge for loan 1758 total amount to pay 9558 total charge for insurance on loan 1528 total insurance 1843 total to pay back 11402 I then refinance with halifax on 13 July 2006 for 7000 over 50 months total pay back 8563.20 then refinanced with loan 3 for 7500 on 13 may 2008 paying 38 months of 246 the offer letter is offering 2235 11 they are saying the number of months is 24 when it was longer because i refinced in July 2006 then they are saying 379.36 is included in offer as this is to cover when I refinanced the loan can someone help i have phone them to say i don't agree with the calculation so what will happen next they r really doing my head in advice needed or can someone tell me how much I should be getting back i don't trust them.:tinysmile_cry_t:

[Skips74]

Re: ppi

Hi thanks for replying i have posted further info can you advise me please

[Bill-K]

Re: ppi

Oops - pressed the wrong button. Story of my life. :tinysmile_cry_t:

[Bill-K]

Re: ppi

Hi Skips. Turboman and I usually do the PPI figures, so I'll see if I/we can help. With loan 1, we still need a little more info, I'm afraid. Can you answer the following:-

What were the monthly repayments ? My guess is £237.54.
How many repayments did you make ? My guess is 39.
When the loan was consolidated into loan 2, what amount was needed to settle loan 1 ?
Can you scan and post a redacted copy of the closing (settlement) statement for loan 1 ?
If not, was there anything called 'PPI Rebate' or 'Insurance Rebate' - or similar - in the closing (settlement) statement for loan 1 ?

We can then put this info into spreadsheet/calculator program to check the figures. We will then also need this info for loans 2 & 3. If you can supply that, we should be able to give you an idea of what to expect as a claim settlement offer.

[Bill-K]

Re: ppi

Hi am new so sorry for not being brave to asked question ,but feel like give up ,I have sent so many letters over the last year for ,bank charges ,ppi Mis sold ,you wood not believe the amount of money we have lost ,well I feel stole through gready ,advice but last few year am on a mission to get our own money back ,the problem I have is wording my letters to banks and so tried of them not helping ,plus my husband thinks am stupied for still trying that does not help .. Buy I wiil win because I can't be that thick ,,,I have statements going back to1992 they are shocking of charges ,northern Rock taking payments twice in two weeks of each other ,on on on !, ,so please for my own sane health ,can anybody help me find a good leagle adviser pls..

Hi Tululia - and a belated welcome to you. I was as nervous as you when I first started posting in a forum 6 years ago, but you'll soon get the hang of it. We are all here as amateurs, and we try and advise people from our own experience - as opposed to giving professionally-qualified legal advice (that's why our advice is free !!!) But we each have our own skills, and there are members here who are VERY skilled in legal matters. Well done for having the determination to get your money back. We help each other here, and can usually help with writing letters that will get the lenders' attention, instead of getting you ignored or 'fobbed off' by them. Me - I just try and deal with the figures and calculations, but PPI is something I have some experience of, and I often work alongside Di30 and Turboman with PPI claims.

What you need to do now is to start your own 'Thread,' which is a string of messages like this (called 'posts'). This will give you your own special space, where we can deal with your claim, and it prevents us all getting confused with different matters. If you click on the link below, it should take you to the PPI claims area. Start a new 'Thread' there, and give it a title (for example, "Northern Rock PPI") - In the opening 'Post,' briefly tell your story with Northern Rock. You should then get some further 'Posts' replying to you - and we can "Rock on" from there !!!

http://www.legalbeagles.info/forums/...nce-reclaiming

[Skips74]

Re: ppi

Hi thanks for getting back to me this may sound silly but I don't have the settlement figures all i have is the 3 loan agreements i don't know what to do shall i contact halifax and ask them to send me all the settlement details for all 2 loans i didn't settle the 3 loan i paid it off in 2011. I just don't feel like the figure they give me is not right. I am glad for your advice because i will need it. I have 2 more to claim as well with hfc bank.

thanks skips

[Bill-K]

Re: ppi

Not silly at all, Skips - we are constantly being advised to shred our financial documents to avoid being scammed by fraudsters. Personally, I think we should store them safely and securely, and only shred them if we are finally getting rid of them. Without all of the figures, we can't do an exact calculation, but we can possibly do an approximation. Are you able to scan and post redacted copies of your 3 loan agreements ? If you can do this, then we may be able to get some idea of what you should expect as a settlement offer.

If you are prepared to invest £10, however, you can send Halifax a 'Data Subject Access Request,' which should get you ALL of the data which Halifax hold on you, going back at least 6 years. This should include ALL account statements, and should enable us to determine a more accurate figure.

A further point I should make is that a rebate of a portion of the original PPI premium is usually made at the time when a loan is settled and/or consolidated into a subsequent loan. Therefore, the original PPI premium may NOT be reclaimable in full, as a part of it may well have been included in the settlement of the earlier loan(s). This can confuse claimants, and I personally think it should be made clearer in the settlement offers. This is why the closing/settlement account statements are useful, as they will usually show this.