this is just crazy
had a few loans , so i thought about all the ppi i had paid
and decided to try and claim it back

today i called and asked for an update
i've had an offer of £1079
which i thought was ok , then the woman replys
£979 of that is going to the banks ........wtf ...........
so i'm left with £100 or something
and i've still to pay the company 25%
so i'm out of pocket , by £150
because i'm in arrears with one loan
this is the situation , but i say what about all my money i've ploughed into the others

i'm really gutted about this
sense has'nt a look in
been a very pointless situation indeed
i was never told i would have to pay because of arrears

 

there was a post about this a month or so ago and had some good info on it - do a search mate.

 

It's fucking insurance !! Do you expect your car insurance premium back at the end of the year if you haven't claimed

 

you would if youd been paying for a policy you didnt know about or need.

 

Or might not have actually been any use if you needed to make a claim.

To the OP, you don't need to go to a company to claim it back

 

alot of people get mis - sold ppi ........you don't get mis - sold car insurance
thus is why there is such a claim to be made in the first place

 

I'm sure if the worst had happened and the OP needed to claim, he would have pointed out he never really wanted PPI and could he have his premiums back. NOT!!

 

i know mate but i went to a company to handle the claims

 

Either that or people just jump on the band wagon ala bank charges cos they think it's free money

 

free money ? hard earned cash ploughed into nothing
i'm sure if you had a chance to claim you'd be on the bandwagon

 

Might want to read up on it before you make such wide open comments

Why mate? They don't do anything special, well, except take a massive cut of your money
Seriously, it took 2 letters and 3 months to get mine back.

 

dont hate the players, hate the game!!

 

I'm sorry not to sound sympathetic, but how exactly do you take out PPI without knowing, especially when it is added to the amount of the loan, or deducted from the proceeds of the loan?

Frankly, anyone daft enough to buy something (anything) without noticing it, or daft enough to buy an insurance policy that doesn't actually cover them, deserves to be taken to the cleaners.

And, if the money is to be refunded, I think it should go back to the original lender to reduce the debt (and interest charges) rather than going back to the borrowers who will probably only fritter it away anyway.

And if you are in arrears, that is doubly so!

Anyway, I'm a nasty, unsympathetic bastard. get over it and move on...

 

I'm with all the people on the thread with GCSE's TBH

I honestly dont see how anyone ever bought it without knowing, do you people not read financial documents when you sign them?

 

to the people who don't understand and seem to know nothing
alot of ppi is added without consent
or your told i'ts a necessary thing ,incase your ill or something happens
alot of companys will not give you a loan unless ppi is added
i suspect this is what they tell you
thats why there is now a massive loophole in which people can now claim
there money back
simple

 

Will you accept Scottish O Grades and Highers?

 

With all the publicity PPI has had for years now, I can't believe anyne would still fall for any of that, but it proves that you REALLY need to read anything you are EVER asked to sign.

Even if you aren't told about it, it still appears on the loan agreement. Don't want it? Score it out and don't buy it. Simple.

If it is a "necessary thing" it has to be included in the APR calculation as another charge for credit, so ask to see the APR calculation. Then watch them run. Simple.

If they won't lend without it, take your business elsewhere. Simple.

 

So you're claiming money back and YOU don't even know?


AFPMSL

ANYONE with an ounce of common sense knows what they are signing for and whether they need it.

Ignorance is bliss

 

It asks in black and white for you to sign here and put an "x" in the box saying you want it, and sign and "x" AGAIN saying that without it you are responsible for payments even if you are dead/dying/ sacked/ raped etc etc...

Not sure how it can be mis sold? And there are normally two repayment options to study, one with and one without ppi?!

 

our lass has had loans ect and never paod ppi as she said she never wanted it

and to the OP at least you caught up with your loan now

 

I don't see what OP is moaning about.

Surely he would have paid off his overdue debt with the money anyway wouldn't he?

lol.

 

here are a few facts ..........about this ppi
1. Not knowing you had purchased it
Are you one of the people who will look back on a loan agreement and discover PPI has/had been added without your knowledge? In some cases, you may have been very firm in saying no to PPI yet it still ended up on there. It will be up to the lender to prove you agreed to the insurance, so if you can't remember being asked or are positive you declined the insurance and it has still been added, chance are you have been mis-sold PPI.

2. Slipped into the conversation
This is a naughty tactic. The lender will say something like “the fully protected cost of the loan will be £XXX per month.” Your ears are straining to hear the repayment amount and you think nothing of the phrase “fully protected” which is lender-speak for PPI will be added. They never refer to ‘fully protected’ again or explain what it is, and never mention PPI. You go ahead and take the loan. Chances are you have just been mis-sold PPI.

3. You are told having the lender’s PPI is compulsory
A lender is within its rights to insist you have PPI to cover payment of any money it loans to you, but it is not within its rights to insist you have to buy it from them. The Banking Code protects your rights to shop around and find the best value for money policy for your needs. Any lender that insists you must take out their insurance or you cannot have the loan has broken the law and mis-sold PPI to you. A good rule of thumb to follow for PPI is never buy from the lender who you obtain credit from or you risk paying way above the odds, in some cases as much as ten times more per month than the cheapest suitable policy on the open market.

4. Pre-filled applications
After talking to you on the phone, many lenders send out a pre-filled application form for “your convenience.” It’s not. It’s to make sure they can pre-tick various boxes on the form in the hope you won’t notice when you sign. PPI is one of those boxes that will often have a pre-filled tick, even if you make it clear on the phone you do not want PPI. If this happened, you have been mis-sold PPI. You should be especially vigilant if you fill out any forms at events or conferences, where the box could be ticked after you have signed and handed the form back.

5. Policy isn’t what you agreed to
Many people assume that when an insurance policy is sent to them, it will contain all the relevant information discussed on the phone with the lender or offered through the lender’s webpage. This is not necessarily the case. It pays to always be vigilant and read the policy and the lender’s terms and conditions carefully. Don’t be hurried into signing anything otherwise you could be mis-sold PPI.

Only around 1 in every 5 claims made on PPI are successful. That’s because most people do not realise the limitations their PPI policy may have or have simply been mis-sold it. It really does pay to check over all of your loan documentation to make sure you a) don’t have PPI you haven’t agreed to and b) if you do knowingly want a policy that it suits your needs. For more advice on how to reclaim your money if you believe you have been mis-sold PPI, call one of our team of PPI Reclaim Advisors on 0800 043 2027 or for a free call back use our

 

only trying to get back what is mine
not a moan

 

usual comments from the pf mafia
this n that

 

and revenge is sweet

 

you know what, i've always wanted to know if this was possible

after all, if you were to place a bet, and win, you get your original wager amount returned as well as your winnings don't you?

 

 

As far back as Roman times, there was a form of consumer protection in place and, although it has been added to over the years, the basic principle still holds good today as a sound starting point for ANY purchase negotiation.

If you are too desperate to "hear the payment" or get your hands on the cash, you should really leave it and come back another day.

It's called Caveat Emptor which means Buyer Beware - it's the buyer's responsibility to ensure that what he buys is what he actually wants and/or needs, not the seller's responsibility to sell him the right thing at the best price, though in our nanny-state even that is changing nowadays.

 

i'm not desperate for cash , but there's a fiesta in the garage that wants fixing