PPI Claims

[Tarmac@TarmacSportz]

Hi All

 

I went to my bank last week and got some account info on loans dating back to 2001.

 

I told the staff member of the bank that after years of emails and phone calls about mis-sold PPI that its time I checked if I had some money owed to me.

 

He gave me some information I needed and told me not to use any agents as they take a cut and to just fill out the claim myself. Has anyone done this or have you all used an agent ???

 

If anyone has any pointers they want to give me then it would be appreciated

 

Chris

[spursmaddave]

Don't use an agent just write the letter yourself, plenty of templates online

 

I have never had a loan with PPI but I have helped my mate who did 29 letters, so far he has had 8 replies last one was just over £3k

 

I could be jealous and think why can't I have a bit of that but then I haven't paid out £1,000's in loan repayments over the years so I guess it all equals out in the end...

 

I hope everyone realises that all the PPI claims are just pushing up loan % now anyway as the companies claw back what they have lost

 

Oh and I am getting fecked off with the texts

 

"Dear John, you are owed £2,641.58 please text PPI to claim"

 

I had a call the other day "Is that John?"........"NO!"......"We have a PPI claim for you"......."YOU DON'T EVEN KNOW MY ******* NAME HOW CAN YOU HAVE A CLAIM FOR ME??????"......"Please Sir we have a claim no need to be rude"...."Oh I am sorry, could you please tell me where your office is?"....."No need to come to the office we can do it all over the phone"......"No you missunderstand I want to come to your office and shove your headset up your ring piece"........."hello......."

[Tarmac@TarmacSportz]

I tell you what, being as you seem angry and you know im the type of guy to help a fellow member.....

 

Why dont you fill my claim out and if I get over 2k I will give you a £100

 

 

Don't use an agent just write the letter yourself, plenty of templates online

 

I have never had a loan with PPI but I have helped my mate who did 29 letters, so far he has had 8 replies last one was just over £3k

 

I could be jealous and think why can't I have a bit of that but then I haven't paid out £1,000's in loan repayments over the years so I guess it all equals out in the end...

 

I hope everyone realises that all the PPI claims are just pushing up loan % now anyway as the companies claw back what they have lost

 

Oh and I am getting fecked off with the texts

 

"Dear John, you are owed £2,641.58 please text PPI to claim"

 

I had a call the other day "Is that John?"........"NO!"......"We have a PPI claim for you"......."YOU DON'T EVEN KNOW MY ******* NAME HOW CAN YOU HAVE A CLAIM FOR ME??????"......"Please Sir we have a claim no need to be rude"...."Oh I am sorry, could you please tell me where your office is?"....."No need to come to the office we can do it all over the phone"......"No you missunderstand I want to come to your office and shove your headset up your ring piece"........."hello......."

[spursmaddave]

 

No need for that mate, look here - http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

 

Just read it and the templates are in step 3, downloadable word documents

 

Good luck, if you get anything you can buy me a Pepsi max at Wales next year

[rtbiscuit]

i keep getting the calls, texts and emails, but i don;t remember taking out any loans with PPI.

 

i have taken out loans in the past, so should i be following this up myself?

[ewan221]

I used letter template from the martin lewis web site. 6 weeks later had £2500 paid in to my account . Reason I used for it being missold was I was told the application would be looked on more favourabley if I took out the ppi

[spursmaddave]

i keep getting the calls, texts and emails, but i don;t remember taking out any loans with PPI.

 

i have taken out loans in the past, so should i be following this up myself?

 

nothing to loose mate other than the price of a stamp...

 

I started getting my texts after foolishly registering on go compare or one of those sites they are complete twunts and sell your details to anyone and everyone

[tez162003]

I tried the first step of the guide a while back, I sent a letter requesting the information about my accounts as I cannot remember if I had PPI, I don't think I asked for it, but they may have added it anyway. I even sent the £1 cheque they would charge as Money expert advised.

 

My bank sent back the cheque and said, "our records show all accounts are completed. (as in i have paid my loans off) so we have no obligation to supply this information"

 

Hmmm. So can just go into my bank and ask for it there and then? If they want to play silly buggers with me, that just makes me want to **** them off even more.

[spursmaddave]

I tried the first step of the guide a while back, I sent a letter requesting the information about my accounts as I cannot remember if I had PPI, I don't think I asked for it, but they may have added it anyway. I even sent the £1 cheque they would charge as Money expert advised.

 

My bank sent back the cheque and said, "our records show all accounts are completed. (as in i have paid my loans off) so we have no obligation to supply this information"

 

Hmmm. So can just go into my bank and ask for it there and then? If they want to play silly buggers with me, that just makes me want to **** them off even more.

 

Just write again saying you have contacted the ombudsman that usually does the trick If they had nothing to hide they would supply the information

[DannyBoy]

i keep getting the calls, texts and emails, but i don;t remember taking out any loans with PPI.

 

i have taken out loans in the past, so should i be following this up myself?

 

I have never borrowed any money in my life (apart from my credit card which doesn't include PPI and isn't used anyway) and I still get texts saying I'm owed £3782.52. If you're pretty sure you've never had PPI, then I'd just ignore it, they're just phishing.

 

DB

[Ekona]

Only claim if you were genuinely mis-sold. All these idiots just claiming because they fancy some free money are p*ssing me right off.

 

I've had PPI on all my loans, and I knew exactly what they were for and I had the choice whether to take it out or not. If I'd have been pressurised into taking the PPI then I wouldn't have had the loan.

[spursmaddave]

i keep getting the calls, texts and emails, but i don;t remember taking out any loans with PPI.

 

i have taken out loans in the past, so should i be following this up myself?

 

I have never borrowed any money in my life (apart from my credit card which doesn't include PPI and isn't used anyway) and I still get texts saying I'm owed £3782.52. If you're pretty sure you've never had PPI, then I'd just ignore it, they're just phishing.

 

DB

 

My friends 12 year old daughter got a text saying she is owed PPI.... I thought these scammers were supposed to be getting sorted out

 

I noticed that after my accident last year I started getting texts saying that I was due compensation from my injuries... so the insurance companies sell the information on too, all a bunch of twunts I say

[Wasso]

Only claim if you were genuinely mis-sold. All these idiots just claiming because they fancy some free money are p*ssing me right off.

 

I've had PPI on all my loans, and I knew exactly what they were for and I had the choice whether to take it out or not. If I'd have been pressurised into taking the PPI then I wouldn't have had the loan.

 

The system and policy doesn't work, this is one of the issues. You may have purchased PPI knowingly of its benefits, but the main issues being is there are umpteen clauses on what you're actually covered for. Therefore it's miss-sold insurance. People were claiming for redundancy but the claims were being rejected.

 

Check the fine print of your policy, there's umpteen clauses and the insurance isn't worth a penny.

 

 

Chris - go to google, type in your bank name and PPI claim, each bank has their own specific form. Complete the form and send. Simple as that.

[Roo]

I noticed that after my accident last year I started getting texts saying that I was due compensation from my injuries... so the insurance companies sell the information on too, all a bunch of twunts I say

 

I dont think its the insurers - I had a couple after mine was ran in to -I have persued it with my insurer who assure me they never pass on details to third parties without my consent and would not in my case as there was no injury (it was all internal too the person who ran in to me was with same insurer) so the only possible culprits are the repairing bodyshop, the insurance register if it hold personal inf like mobile no. or a sole employee who is simply feeding the info to these parasites. Either way I dont think Ill find the source.

 

My insurer said they had been recieving and inrease in complaints of this nature and I gave them all the info so they can keep an eye on it.

 

When they ring I calmly tell them under the data protection act i am hearby instructing them to remove all details from their systems and they do not have my permission to hold them.

[Ekona]

The system and policy doesn't work, this is one of the issues. You may have purchased PPI knowingly of its benefits, but the main issues being is there are umpteen clauses on what you're actually covered for. Therefore it's miss-sold insurance. People were claiming for redundancy but the claims were being rejected.

 

Check the fine print of your policy, there's umpteen clauses and the insurance isn't worth a penny.

That's their own fault for not reading the wording properly IMHO.

[Wasso]

The system and policy doesn't work, this is one of the issues. You may have purchased PPI knowingly of its benefits, but the main issues being is there are umpteen clauses on what you're actually covered for. Therefore it's miss-sold insurance. People were claiming for redundancy but the claims were being rejected.

 

Check the fine print of your policy, there's umpteen clauses and the insurance isn't worth a penny.

That's their own fault for not reading the wording properly IMHO.

 

Have you read your wording? They say the banks PPI insurance is rubbish and it's advisable to source external insurance rather than the old bank PPI insurance.

[Ebized]

The system and policy doesn't work, this is one of the issues. You may have purchased PPI knowingly of its benefits, but the main issues being is there are umpteen clauses on what you're actually covered for. Therefore it's miss-sold insurance. People were claiming for redundancy but the claims were being rejected.

 

Check the fine print of your policy, there's umpteen clauses and the insurance isn't worth a penny.

That's their own fault for not reading the wording properly IMHO.

 

Who in all honesty, who does read it and can honestly say they fully understand the ins and outs?

 

Much of it is mumbo jumbo and unless you have a legal background you will be none the wiser quite often. In my line of work, interpreting the small print can be a minefield, often needing Counsel opinion and even then they are certainly known not to commit themselves and conclude it will be down to the Court's interpretation

[Wasso]

The main issue being is that you think you're covered but in fact your not. A bit like car insurance, are you covered for 3rd party driving, European cover and so on. This is the issue with PPI.

 

For instance lose your job, you think you're covered, oh you maybe covered after 6 weeks then they will pay your monthly payments etc. There was a number of clauses such as health issues, you're covered for some issues but not others.

[Vik54]

I always read the Ts&Cs and that is why I never took out any form of PPI - when you stopped to read it you could see quite clearly it wasn't worth the paper it was written on.

Apparently though at the moment I am owed 'significant' amounts - so go figure

[DannyBoy]

The system and policy doesn't work, this is one of the issues. You may have purchased PPI knowingly of its benefits, but the main issues being is there are umpteen clauses on what you're actually covered for. Therefore it's miss-sold insurance. People were claiming for redundancy but the claims were being rejected.

 

Check the fine print of your policy, there's umpteen clauses and the insurance isn't worth a penny.

That's their own fault for not reading the wording properly IMHO.

 

Who in all honesty, who does read it and can honestly say they fully understand the ins and outs?

 

Much of it is mumbo jumbo and unless you have a legal background you will be none the wiser quite often. In my line of work, interpreting the small print can be a minefield, often needing Counsel opinion and even then they are certainly known not to commit themselves and conclude it will be down to the Court's interpretation

 

My sister is a Law student who has studied this relating to contract law, and according to her most of the justification for a mis-selling case comes from the fact that the banks were selling a product that was not fit for purpose. It was claimed to be insurance to cover you in the case of inability to cover your payments, but in reality there would be almost no circumstance in which the policy would pay out. It'd be like someone selling a car as a functioning car and then adding in small print that engine and wheels were not included.

 

Another issue is that in many cases the small print itself is totally meaningless when read as a legal document and basically gives the banks far too much wiggle-room to get out of almost anything by not including any binding agreements whatsoever.

 

It seems that most PPI sold by banks themselves (most PPI sold by specialist insurers is actually worth something) was devised as a method for generating extra revenue, the purpose always being to create a useless and expensive product to flog. That is wrong and I think in those cases that refunds are justified.

 

DB

[Vik54]

The system and policy doesn't work, this is one of the issues. You may have purchased PPI knowingly of its benefits, but the main issues being is there are umpteen clauses on what you're actually covered for. Therefore it's miss-sold insurance. People were claiming for redundancy but the claims were being rejected.

 

Check the fine print of your policy, there's umpteen clauses and the insurance isn't worth a penny.

That's their own fault for not reading the wording properly IMHO.

 

Who in all honesty, who does read it and can honestly say they fully understand the ins and outs?

 

Much of it is mumbo jumbo and unless you have a legal background you will be none the wiser quite often. In my line of work, interpreting the small print can be a minefield, often needing Counsel opinion and even then they are certainly known not to commit themselves and conclude it will be down to the Court's interpretation

 

My sister is a Law student who has studied this relating to contract law, and according to her most of the justification for a mis-selling case comes from the fact that the banks were selling a product that was not fit for purpose. It was claimed to be insurance to cover you in the case of inability to cover your payments, but in reality there would be almost no circumstance in which the policy would pay out. It'd be like someone selling a car as a functioning car and then adding in small print that engine and wheels were not included.

 

Another issue is that in many cases the small print itself is totally meaningless when read as a legal document and basically gives the banks far too much wiggle-room to get out of almost anything by not including any binding agreements whatsoever.

 

It seems that most PPI sold by banks themselves (most PPI sold by specialist insurers is actually worth something) was devised as a method for generating extra revenue, the purpose always being to create a useless and expensive product to flog. That is wrong and I think in those cases that refunds are justified.

 

DB

 

This is what I meant Anyone taking the time to read the Ts&Cs of most of the PPI policies could see that they were so ambiguous and open ended that there would always be a 'get out'. Infact in most cases unless you could be sure to prove you were in permanent contracted employment for the last five years they were worthless

IMO most folks taking any form of PPI needed their heads checking in the first place. Problem is many folks simply are not that aware of the implications and are overly trusting that a financial product will do 'what it says on the tin'

[Wasso]

The system and policy doesn't work, this is one of the issues. You may have purchased PPI knowingly of its benefits, but the main issues being is there are umpteen clauses on what you're actually covered for. Therefore it's miss-sold insurance. People were claiming for redundancy but the claims were being rejected.

 

Check the fine print of your policy, there's umpteen clauses and the insurance isn't worth a penny.

That's their own fault for not reading the wording properly IMHO.

 

So do you have any PPI cover? Was it independent or via a bank?

[tez162003]

I agree about not trying to get the money for the sake of it, my personal circumstance is I did not agree to it, so purely wanted to check if they slapped it on anyway. Surely if they are not willing to send my details to me then they have something to hide. I would like to know what.

 

The women who was dealing with my loan was very persistent about additional insurances but I had to repeatedly say no thankyou. All this makes me think she just hit yes for the sake of a sale without me knowing. I just want to know if that's true or not.

 

I think Claiming back PPI is a minefield let alone understanding all the T&C's on insurance.

[Sarnie]

The biggest target of these claims are for block PPI policies that were taken out with mortgages.

 

What would happen would be that the monthly premium would be calculated over a 5 year period. So if the PPI for a client was £30 a month, the dodgy mortgage advisors that were around in those days (not me I promise ) would talk the customer into purchasing the five years of cover upfront.

 

So £30 x 60 = £1,800 would be purchased by the client. Now, most people don't have £1800 to purchase insurance in advance so the broker would suggest borrowing it on top of the mortgage.

 

So £1,800 would be added to the mortgage, upon which they would be paying interest on for the term of the mortgage

 

The commissions to the advisors was huge, mainly because the policy could not be cancelled as it had been purchased in advance, so PPI mortgage sales were rife.

 

The main problems came from the fact that most of the time the advisors would ignore the fact that the PPI was for employed applicants, even though the client was self employed meaning the policy would never pay out. Also, most clients thought the cover was for the life of the mortgage not just fives years.

 

Fortunately, PPI never sat right for me and I avoided providing my clients with it at the time, which I'm glad of now

[350 Russ]

I've just had 2 successfull claims from insurance I had on a couple of loans. Like previously said got to a site like money supermarket and print off a template letter and fill in the blanks.

 

It took mine a while to go through but got there in the end.