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Hi everyone.
I'm new here and would like to start by telling you a little of the history of my quest to claim PPI from RBS. i hope i don't ramble on too much and/or it makes a little sense.
I recently made PPI claims to RBS. These are three loans and one overdraft all taken out between 2004 - 2006. One loan and the overdraft are still outstanding as I had to come off work due to ill health in 2006/7 and this particular loan is now in the hands of (but not sold to) a credit management firm called Apex. I am contacted by Apex every three months and provide them will all my personal financial details and we have an agreement that I pay them £50 per month (£10 for overdraft and £40 for the loan account)).
For the loans that are paid in full I have been offered around £75 each re PPI/nterest. For the open loan I owe around £9,000. This was £11,000 but when I made the claims approximately £2,000 was paid direct to the outstanding loan/overdraft account which, when queried, was told to be for interest and insurance premium, plus i received a letter offering the sum of £4,264.11. I was also informed that this would be paid off direct to the outstanding loan account and not direct to me if accepted which I'm told is standard procedure.
I have not yet replied to/accepted any of these offers (all dated around early October) because I then applied to the RBS for copies of all loan agreements under Section 77-79 of the Consumer Credit Act 1974, because i wanted to check if the offers were realistic/capable of acceptance. I have since received a letter stating that they are unable to locate three of the account numbers quoted in my correspondence and they have returned my postal orders in connection with them.
In the same letter they state they are dealing with the 4th (the outstanding debt) under the said Act.
This weekend I'm gonna attempt to copy and upload said loan agreements.
For all those interested, I'll keep you posted. But be warned I'n not good at this IT thing and may need to ask stupid questions about uploading docs etc!!!
Many thanks for reading.
I'm new here and would like to start by telling you a little of the history of my quest to claim PPI from RBS. i hope i don't ramble on too much and/or it makes a little sense.
I recently made PPI claims to RBS. These are three loans and one overdraft all taken out between 2004 - 2006. One loan and the overdraft are still outstanding as I had to come off work due to ill health in 2006/7 and this particular loan is now in the hands of (but not sold to) a credit management firm called Apex. I am contacted by Apex every three months and provide them will all my personal financial details and we have an agreement that I pay them £50 per month (£10 for overdraft and £40 for the loan account)).
For the loans that are paid in full I have been offered around £75 each re PPI/nterest. For the open loan I owe around £9,000. This was £11,000 but when I made the claims approximately £2,000 was paid direct to the outstanding loan/overdraft account which, when queried, was told to be for interest and insurance premium, plus i received a letter offering the sum of £4,264.11. I was also informed that this would be paid off direct to the outstanding loan account and not direct to me if accepted which I'm told is standard procedure.
I have not yet replied to/accepted any of these offers (all dated around early October) because I then applied to the RBS for copies of all loan agreements under Section 77-79 of the Consumer Credit Act 1974, because i wanted to check if the offers were realistic/capable of acceptance. I have since received a letter stating that they are unable to locate three of the account numbers quoted in my correspondence and they have returned my postal orders in connection with them.
In the same letter they state they are dealing with the 4th (the outstanding debt) under the said Act.
This weekend I'm gonna attempt to copy and upload said loan agreements.
For all those interested, I'll keep you posted. But be warned I'n not good at this IT thing and may need to ask stupid questions about uploading docs etc!!!
Many thanks for reading.
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