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A couple of questions before I open new detailed thread.
Hi all,
This is my first post on the forum. I have been avidly reading the many threads over the last few days, I must say, the information available, expertise and help offered here is amazing.
In a couple of days I will start a dedicated thread, explaining in detail (company name, loan and PPI amounts etc) why I think my wife has reasonable grounds to claim for a mis-sold PPI(s). In the meantime, I have two questions for the members. I would be most grateful for any constructive replies.
My wife took a loan out in 2002. We have managed to find a copy of the original Credit Agreement (sorry, not familiar with the acronyms as of yet). The loan is in my wife's name, but I am the 'Additional Named Person' on the agreement.
My wife, at the time was working 18 hours per week part-time. I was unemployed and on Sickness Benefit/Incapacity Benefit. To this day I am on ESA (support Group), DLA higher rate mobility and middle rate care. So, they were fully aware of my health and employment circumstances at the time of the loan. My wife had to take documents and proof that I was unemployed and on sickness benefits to the lenders branch, located in our home city, where they were photocopied by the lender. It was then that she was told that because we were "a high risk" due to my situation at that time, that we HAD to take out their specific PPI cover.
On the original credit agreement there is a box specific to the Payment Protection Plan. It says, verbatim:
"Payment Protection Plan (see clause 6 of the terms and conditions) Cover under the policy is available to the Borrower and either the Joint Borrower or (if there is no Joint Borrower) in respect of the Additional Named Person (if any) whose details are given above. You must ensure you are entitled to disclose the information given about any Additional Named Person to us. Borrower: Life, accident, sickness, invol, unemployment. Additional Named Person: Life, accident, sickness, invol, unemployment."
This may seem a silly question but,
1) Did the PPI cover apply to me (the Additional Named Person)?
2) Given my state of health (pre-existing condition) and employment situation at the time the loan was taken out, would I be exempted from PPI cover, thus rendering it useless if used to claim for me (the Additional Named Person)?
As I said previously, I will start a new thread in a few days with much more detail. We had 4 loans with this company, from 2002 - 2009. We have paid a considerable sum of money in PPI premium repayments. All PPI cover was a condition of us getting the loans. I also have other reasons that may satisfy the criteria for claiming for mis-sold PPI, all specific to this company.
Thanks in advance for any replies.
This is my first post on the forum. I have been avidly reading the many threads over the last few days, I must say, the information available, expertise and help offered here is amazing.
In a couple of days I will start a dedicated thread, explaining in detail (company name, loan and PPI amounts etc) why I think my wife has reasonable grounds to claim for a mis-sold PPI(s). In the meantime, I have two questions for the members. I would be most grateful for any constructive replies.
My wife took a loan out in 2002. We have managed to find a copy of the original Credit Agreement (sorry, not familiar with the acronyms as of yet). The loan is in my wife's name, but I am the 'Additional Named Person' on the agreement.
My wife, at the time was working 18 hours per week part-time. I was unemployed and on Sickness Benefit/Incapacity Benefit. To this day I am on ESA (support Group), DLA higher rate mobility and middle rate care. So, they were fully aware of my health and employment circumstances at the time of the loan. My wife had to take documents and proof that I was unemployed and on sickness benefits to the lenders branch, located in our home city, where they were photocopied by the lender. It was then that she was told that because we were "a high risk" due to my situation at that time, that we HAD to take out their specific PPI cover.
On the original credit agreement there is a box specific to the Payment Protection Plan. It says, verbatim:
"Payment Protection Plan (see clause 6 of the terms and conditions) Cover under the policy is available to the Borrower and either the Joint Borrower or (if there is no Joint Borrower) in respect of the Additional Named Person (if any) whose details are given above. You must ensure you are entitled to disclose the information given about any Additional Named Person to us. Borrower: Life, accident, sickness, invol, unemployment. Additional Named Person: Life, accident, sickness, invol, unemployment."
This may seem a silly question but,
1) Did the PPI cover apply to me (the Additional Named Person)?
2) Given my state of health (pre-existing condition) and employment situation at the time the loan was taken out, would I be exempted from PPI cover, thus rendering it useless if used to claim for me (the Additional Named Person)?
As I said previously, I will start a new thread in a few days with much more detail. We had 4 loans with this company, from 2002 - 2009. We have paid a considerable sum of money in PPI premium repayments. All PPI cover was a condition of us getting the loans. I also have other reasons that may satisfy the criteria for claiming for mis-sold PPI, all specific to this company.
Thanks in advance for any replies.
to LegalBeagles......there are a few PPI whizzes on here,,I,sadly,am not one of them but help will be on it's way 
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