ppi

[swarovski]

about 1 year ago i finished paying a car loan which was a 5 year thing,i recently heard about this ppi thing and i cant find the loan agreement,i know the loan reference number,there is a very good chance there was ppi on it,anybody have any good ideas on how i approach getting info i need or is this company obligated to give me details i need if i was to ring them.

 

[Pine Marten]

Everything you need to know here:
Credit Card PPI Reclaiming: £1,000s for mis-sold insurance...

 

[swarovski]

Everything you need to know here:
Credit Card PPI Reclaiming: £1,000s for mis-sold insurance...

thanks mate it seems as if the loan company has got to give you the info,going to fish out my morgage stuff,there would be some serious money to come back if i got ppi on that atb swarovski

 

[seibassman]

Do it at once. I just queried my mortgage ppi. It cost nothing to write off - well the cost of a stamp - and start a claim, the company should send you a form to complete and then they have a short time, possibly 8 weeks to complete their investigation.

Remember, even if they say 'no' you can appeal to the ombudsman and apparently 98% of referals to the ombudsman go in the complainants favour.

Good luck

Matthew

 

[smullery]

Guys,

It's not PPI that's at fault, it's the miselling of it that is.

Basicaly if you were self employed you WERE misold, if employed then, if you had ticked a box, you weren't.

Now, if you haven't kept your copy of the forms and are relying on the lender to be unable to produce their copy.....

Lender will keel over and you are just another piece of scum ruining this country because you want something for nothing.

Stan

 

[richard1951]

My daughter has just got money back from c/cards bank loans and morgage came to over 5k in refunds , if you like i will find the name of the people that did it for her, they do all the work you just tell them all your account numbers and a check comes through the door several weeks later
you have to pay them on what they get you but it comes to you first direct from the bank and you then pay them

 

[Vipa]

Guys,

It's not PPI that's at fault, it's the miselling of it that is.

Basicaly if you were self employed you WERE misold, if employed then, if you had ticked a box, you weren't.


Stan

Incorrect.... nothing wrong with PPI being sold to the self employed as long as it wasn't sold with redundancy cover... if it was just accident or sickness then it would pay out regardless of employment staus.

As for the rest of your post, I whole heartedly agree... really grates on me... particularly when it comes to mortgages.... protecting the roof over your families heads is vitally important and only in exceptional circumstances should someone consider taking out a mortgage without protecting their income and I am pretty sure that those with the correct protection took it out in full knowledge of what they were doing and in the knowledge it was the right thing to do... Then some claims company comes along and you are willing to throw all that knowledge out of the window and lie to get a few quid...


These claims companies will tell you no one gets hurt and the banks will just roll over and pay... Wrong... it's the mortgage broker that pays, for doing his job properly and making sure you were properly covered... at a couple of thousand quid a go, it doesn't take many of these claims to put the smaller broker out of business!!

The PPI mis-selling 'scandal' was aimed at single premium PPI bolted on as a matter of course to personal loans... unfortunately mortgage payment protection got sucked in too and was tarred with the same brush when in reality it is nothing like the same thing!!!

Rant over!

 

[limulus]

Incorrect.... nothing wrong with PPI being sold to the self employed as long as it wasn't sold with redundancy cover... if it was just accident or sickness then it would pay out regardless of employment staus.

As for the rest of your post, I whole heartedly agree... really grates on me... particularly when it comes to mortgages.... protecting the roof over your families heads is vitally important and only in exceptional circumstances should someone consider taking out a mortgage without protecting their income and I am pretty sure that those with the correct protection took it out in full knowledge of what they were doing and in the knowledge it was the right thing to do... Then some claims company comes along and you are willing to throw all that knowledge out of the window and lie to get a few quid...


These claims companies will tell you no one gets hurt and the banks will just roll over and pay... Wrong... it's the mortgage broker that pays, for doing his job properly and making sure you were properly covered... at a couple of thousand quid a go, it doesn't take many of these claims to put the smaller broker out of business!!

The PPI mis-selling 'scandal' was aimed at single premium PPI bolted on as a matter of course to personal loans... unfortunately mortgage payment protection got sucked in too and was tarred with the same brush when in reality it is nothing like the same thing!!!

Rant over!

So the 70 quid PPI a month I paid for 9 years on my mortgage which wouldnt pay out when I was made redundant was worth it eh?

 

[Vipa]

Why wouldn't it pay out?

 

[smullery]

Limulus,

Most policies exclude the first six months minimum of "no earning" after redundancy. The devil is always in the detail you signed up to. In the case of mortgages household income, even if part time, precludes a claim.

You have to be responsible for the deal you cut.

Now, the scum that ask you to "authorise them" to get your credit report for £2, then write to every creditor demanding a copy of the original agreement (which you should already have) and then "raising the issue when it isn't forethcoming" and then taking their cut of a corrupt practice.....

Stan

 

[BuckarooUK]

A mate works in finance and explained how in most cases those who opted for the payment insurances were sold it in perfectly good faith and were correct in signing up for it. Time moves on, legislation changes and suddenly everyone is desperate to discover if they were sold an insurance and how they can claim it back; never a thought if it actually served them as it wouldn't be claimed unless they experienced difficulties.

His parting comments are how its effecting the finance market, in addition to the recession. He shook his head and said 'just watch them try and get their loans and mortgages now.'

 

[Taff]

I never new how people said they never new what they were sold,it's just another example of the blame culture nanny state this country has become, when I took out a loan with lloyds it showed you two columns repayment with ppi one without you made your choice, same with the mortgage , I suppose the people who took it out could,t be bothered to read the leaflet that went with it. It was obvious that if you thought you would not be out of work for more than six months it was not worth it. As with the overdrawn letter debacle people have to learn you don,t get out for nowt. We keep hearing that the banks won,t lend, well what do people expect if they are not willing to be responsible for there own actions. Rant over.

 

[swarovski]

Guys,

It's not PPI that's at fault, it's the miselling of it that is.

Basicaly if you were self employed you WERE misold, if employed then, if you had ticked a box, you weren't.

Now, if you haven't kept your copy of the forms and are relying on the lender to be unable to produce their copy.....

Lender will keel over and you are just another piece of scum ruining this country because you want something for nothing.

Stan

i might be alot of things but i aint scum,i suppose you are snow white,recently i was stitched up for 2 weeks wages and have no way of proving it,i worked 2 weeks for nothing,the bloke who did this to me is scum.

 

[davidm]

When I was sold mine, I was told it was the only way I could obtain the loan which turns out to be a load of rubbish, so I can understand why people don't know what they were sold.