The PPI Claims Solicitor http://ppi-claims.org.uk Hutcheon Solicitors, the PPI Refunds Experts Mon, 09 Aug 2010 10:18:18 +0000 http://wordpress.org/?v=2.6.2 en PPI Claims Pay Dividends For Many http://ppi-claims.org.uk/765/ppi-claims-pay-dividends-for-many http://ppi-claims.org.uk/765/ppi-claims-pay-dividends-for-many#comments Thu, 03 Jun 2010 16:44:32 +0000 admin http://ppi-claims.org.uk/?p=765 Reclaiming PPI A Real Option

Despite the high level of media coverage about PPI Claims many people have yet to take advantage of the PPI reclaim process. For lots of people this means they could well be ignoring a very real opportunity to generate thousands of pounds in PPI settlement payouts from banks, credit card companies and insurance firms.

Hutcheon Solicitors - PPI Pioneers

Law firm R James Hutcheon Solicitors are at the forefront of the PPI Claims industry and have helped hundreds of people reclaim significant amounts of money in miss-sold PPI insurance policies over the last few years.

Largest Payout To Date = £26,926.41

In terms of a single payout awarded to an individual in respect of a miss-sold PPI policy Hutcheon Solicitors has successfully represented one of its clients were an amount of £26,926.41 was awarded in PPI repayments. The firm is confident that many other people are missing out on reclaiming significant amounts of money also.

]]> http://ppi-claims.org.uk/765/ppi-claims-pay-dividends-for-many/feed New Ombudsman: We need to resolve PPI complaints faster http://ppi-claims.org.uk/763/new-ombudsman-we-need-to-resolve-ppi-complaints-faster http://ppi-claims.org.uk/763/new-ombudsman-we-need-to-resolve-ppi-complaints-faster#comments Mon, 31 May 2010 15:40:21 +0000 admin http://ppi-claims.org.uk/?p=763 NEW Financial Ombudsman Boss Wants Faster PPI Claims Process

Ombudsmen, like policemen, seem to be getting younger these days. Two months ago, Natalie Ceeney took up the role of the nation’s chief financial ombudsman, stepping into the well-worn, outsized shoes of Walter Merricks – who had held this role since the service was started 10 years ago.

Unlike him, she does not have a legal background and has never previously worked in financial services. But, with the breezy confidence exhibited by many former management consultants, she insists that this isn’t necessarily a disadvantage.

A quick glance at her CV shows that despite still being under 40 she has held a number of senior posts, from heading up the National Archives, to the director of operations at the British Library. So how is she hoping that these roles will help her, when it comes to adjudicating on complex critical illness insurance claims or whether someone was mis-sold a payment protection plan?

She says that as chief executive, as well as chief ombudsman, her role is largely to influence policy and shape the structure of this organisation.

“It doesn’t matter whether you are running a library, a hospital or the Financial Ombudsman Service (FOS). What people who use that service want is excellent service levels and that’s something I’ve always prided myself on improving.”

She points out that it isn’t her job to personally rake through every complaint received by the FOS, although some people who use the service seem to assume this is the case. “In the last 10 years my predecessor only personally adjudicated on three separate cases.”

But while most decisions will lie with the “expert team of ombudsmen” – each of whom focus on specific product areas – she says that as the chief ombudsman she will be involved in the contentious and “big decisions”.

Last week the ombudsman published its annual report, and the figures show that the volume of cases dealt with continue to soar. It ruled on about 166,000 cases – a 46pc increase on the year before. In total, the FOS receives almost one million inquiries.

Not surprising, the largest bone of contention at present is payment protection insurance, and about three in every 10 complaints are about these insurance policies that are sold alongside loans and credit cards. And there is clearly some frustration – although she refuses to name names – as to why many companies aren’t resolving these themselves, rather than letting them get to the FOS.

There are also increasing complaints about financial hardship, unsecured loans and debt collection agencies.

Ms Ceeney says that one of her main tasks is to ensure that the organisation evolves so it can operate efficiently on this scale. “If you go back 10 years we were set up as a small organisation dealing with 25,000 cases a year. This year we are expecting 200,000 cases. We need to continue modernising, improve our technology and reduce the time it takes to handle some of these cases.”

One of the biggest complaints about the service is how long it can take for cases to be settled. Improvements have been made in recent years, but many people still wait months for a judgement.

Ms Ceeney says two-thirds of claims are settled within six months, but admits that this could be improved. “By the time people come to us they have invariably been in one complaints loop or another for quite some time.” She wants a far greater proportion of claims settled within six months, and a significant proportion of these dealt with far quicker than this.

“There are always going to be a handful of complex cases that are going to take a long time to resolve, but many could be done quicker.”

She says new technology may help. “We’d like to see systems in place so people could track where their claim is, and how long it is likely to take. If the Royal Mail can do it with parcels, we should be able to do it with complaints.”

Few anticipated such a huge rise in PPI claims and although the FOS says it “expects” the number of PPI complaints to dip this year, there are no signs of this at present. “If anything, the number of complaints on this issue are speeding up, not slowing down,” Ms Ceeney says.

The FOS is also readying itself for any increase in travel insurance complaints, following the recent travel chaos caused by volcanic ash. “We don’t know whether this will be an issue yet,” she says. “Customers have to register any complaint with their product provider, and they have eight weeks to resolve the problem. Only after this can it be referred to us.”

She adds that this situation has been further complicated by consumers not knowing where to get refunds: airlines, travel insurers or credit card companies.

Looking at a longer time-frame, Ms Ceeney has also expressed concerns about interest-only mortgages, many of which were sold 10 to 15 years ago.

“People sometimes misunderstand this interest-only deal and may not realise they don’t have a repayment vehicle to pay off the debt. Our worry is in 10 years we may see a flood of complaints unless lenders warn borrowers now.”

Although Ms Ceeney is guarded about criticising individual firms, or even sectors within the financial services, there is clearly some concern about the volume of complaints now received from claims management companies.

About 80pc of all PPI claims now come from these companies – who will take a proportion (often as high as 40pc) of any payment received.

“We don’t object to people hiring someone to manage their claim,” Ms Ceeney says, ”but we want to make it clear that they do not need to and this won’t improve their chances of getting a ruling in their favour. There is no trick these companies use to ensure a complaint is upheld.

“The FOS was set up as an approachable, inexpensive alternative to the courts. People don’t need to know legal or financial jargon to lodge a claim, and all will be dealt with impartially. A lot may have changed in 10 years, but that certainly hasn’t.”

]]> http://ppi-claims.org.uk/763/new-ombudsman-we-need-to-resolve-ppi-complaints-faster/feed PPI Claims Time Extended http://ppi-claims.org.uk/759/ppi-claims-time-extended http://ppi-claims.org.uk/759/ppi-claims-time-extended#comments Sun, 30 May 2010 19:10:30 +0000 admin http://ppi-claims.org.uk/?p=759 More Time To Make PPI Claims

More time has been given for 55,000 people to complain about being mis-sold payment protection insurance (PPI).

The Financial Services Authority has extended the normal six-month deadline for people to go to the Financial Ombudsman Service (FOS) if a firm turns down their original complaint.

The temporary rule benefits those whose complaints were first rejected between 28 November 2009 and 28 April 2010.  They now have five months more to complain, until 27 October 2010.

The FSA said the measure was being put in place so that potential complainants were not disadvantaged by a delay in the regulator’s own plans to revamp the way firms are obliged to deal with new PPI complaints.

Mis-selling of PPI, which is supposed to help people meet their loan repayments if they fall ill or lose their jobs, is currently the biggest source of unresolved problems in the financial services industry.

The FOS reported recently that they accounted for 30% of all the new complaints it dealt with in 2009-10.

In September 2009, the FSA decided to get tough, ordering banks and other sellers of PPI to reopen previously rejected complaints about mis-selling of the insurance, which it now thinks could number about 500,000.

It also told firms to improve the way they dealt with new complaints.  However, implementation of its plans has been delayed because of the many objections sent in by lenders, brokers and other sellers of PPI, which are now being considered by the FSA’s staff.

The regulator still hopes to have a new set of industry rules in place by the end of this summer. But in the meantime, it wants to ensure that all those whose complaints had been rejected by firms since the end of last November will be encouraged to go to the FOS if they want to complain further.

]]> http://ppi-claims.org.uk/759/ppi-claims-time-extended/feed PPI Claims Continuing http://ppi-claims.org.uk/738/ppi-claims-process-is-more-rapid http://ppi-claims.org.uk/738/ppi-claims-process-is-more-rapid#comments Wed, 19 May 2010 09:47:00 +0000 admin http://ppi-claims.org.uk/?p=738 PPI Claims And Likely Timescales

Payment Protection Insurance (PPI) claims are being settled between law firms and creditors such as banks and credit card companies. This is possibly because so many successful PPI claims have been submitted on behalf of disgruntled customers via Law firms such as Hutcheon Solicitors and the Financial Ombudsman Service that creditors see the benefit in settling claims that are presented professionally more quickly.

PPI Claim Timescale

Whilst no two PPI claims are the same Hutcheon Solicitors are advising that a likely settlement period for straightforward claims are typically in the region 0f 3 to 5 months from start to finish. To start your PPI Claim with Hutcheon Solicitors please complete our quick PPI Claim assessment form by clicking this link.

]]> http://ppi-claims.org.uk/738/ppi-claims-process-is-more-rapid/feed Testimonials http://ppi-claims.org.uk/726/testimonials http://ppi-claims.org.uk/726/testimonials#comments Tue, 20 Apr 2010 12:44:21 +0000 admin http://ppi-claims.org.uk/?p=726 PPI claims solicitors we have many highly satisfied testimonials.  Due to data protection and confidentiality we cannot publish their full details.  We provided each client with a check list of ratings ranging from “exceeding expectations” to “failed to meet expectations.”  Some of the testimonials are published below with our clients’ kind permission.

Biggest PPI Refund To Date:

£26,926.41

Ms Willams from London says about the PPI Claims Solicitors-

” I was very impressed and have recomended friends and family…”

Mr Thain from Northumberland says about the PPI Claims Solicitors-

“commitment, knowledge and overall value for money exceeded my expectations.”

Angela from Norfolk - says about the PPI Claims Solicitors-

“I found your company on the internet, your overall service had exceeded my expectations”

Mr & Mrs Stuart from Nottinghamshire - says about the PPI Claims Solicitors-

“Excellent, very pleased with overall service.”

Mr Martin from Suffold - says about the PPI Claims Solicitors-

“Your committment, technical knowlege and clarity of advice exceeded my expectations.”

Ms L. G. from Norwich - says about the PPI Claims Solicitors-

“I fould your overall service exceeded my expectations.”

]]> http://ppi-claims.org.uk/726/testimonials/feed Radio City PPI Advertisement http://ppi-claims.org.uk/712/radio-city-ppi-advertisement http://ppi-claims.org.uk/712/radio-city-ppi-advertisement#comments Tue, 20 Apr 2010 11:26:26 +0000 admin http://ppi-claims.org.uk/?p=712 PPI Radio City Advertisement

To create more awareness of the fact that many thousands of people are entitled to claim back miss-sold PPI Policies Hutcheon Solicitors have teamed up with Radio City in the North West of England.

Here our Radio Advert:

PPI Claims - Radio City

It is no secret that Hutcheon Solicitors have already claimed back hundreds and thousands of pounds in PPI policy payments over the last few years and we want as many people as possible to take advantage of our No Win No Fee legal service.

Start Your PPI Reclaim Today - Click Here

There are many circumstances in which Payment Protection Insurance (PPI) policies can be challenged as being miss-sold by a bank or finance provider and it is always worth calling one of our dedicated PPI advisors to discuss your own PPI claim and how much you may be able to claim back.

Frequently Asked PPI Questions and Answers

Below are the most frequently asked questions regarding PPI refund claims from our Clients which we hope you will find useful. If we have not answered any question you may wish to ask please call or send an email to us.

Q  How Can Solicitors Work For Free?

A.  Solicitors can Work For FREE if you lost your case. Quite simply NO WIN NO FEE on PPI refund claims means you do not have any financial worry instructing Solicitors. There is no need to go to any “middle man” or “claims company.” If court action is taken against the Banks or other lenders, only solicitors can recover legal costs if court action is taken.  In these circumstances it may not cost you anything at all WIN OR LOSE. There is only one thing to do and see a professional firm of solicitors.

Q Should I Go To A Claims Company?

You have a free choice. But we ask why put your PPI refund claim to a Claim Company who are not Professional Solicitors? Quite often the Claims Company will refer your case back to us. We would also ask you to be wary of “up front charges.” Some Claims Companies will ask you for an upfront fee to look into your claim. We never ask for upfront fees on account.

Q Do I Have To Pay You Any Upfront Fees?

Absolutely not. We never charge you an upfront fee unlike other Claims Companies. As Professional Solicitors we never charge you any fee up front where there is a PPI refund claim. Often our Clients cannot afford to pay any fee and we certainly do not wish to take money off them. We do not need to.

Q.  What Can I Claim?

A.  As your solicitors we can claim back the the cost of the Payment Protection Insurance (PPI) including the interest you have paid.  If the loan falls under the Consumer Credit Act it is likely that if the PPI was mis-sold the Bank or lender will be unable to enforce the loan against you which means that the loan is effectively written off.  However this will only be in limited circumstances.

Q How Can The Loan Be Written Off?

A.  When taking out a loan to buy a car, home improvements or just about anything there are strict laws on how the loan is sold, the interest rate applied (APR), total charge for credit, total amount payable, amount of payments, duration of the loan and details of charges to name but a few.

  • Payment Protection Insurance (PPI) has been widely mis-sold.  Alliance-Leicester has been fined a record £7 million pounds for breaches.
  • Consumer laws are to protect you, the consumer, from unscrupulous practices. Cost cutting, inadequate training of staff, incorrectly adding charges, when selling Payment Protection Insurance (PPI) and over-reliance on computer software has made many loans completely unenforceable. By filling in the wrong part of the credit form, or omitting a part of it can result in you being able to refuse to pay the balance of the loan and demanding the return of what you have paid including interest.
  • As expert Payment Protection Insurance (PPI) claims Solicitors we will look at your case and paper-work carefully for errors, mistakes and evidence of mis-selling.  If we feel you have a claim for PPI refund and or writing off your loan, as your solicitors we advise you of your legal rights.

Q. Can I Really Have My Loan Written Off?

A. Yes, as specialist Payment Protection Insurance (PPI) claims Solicitors providing the Bank or other lender has mis-sold the policy and or has not completed the paper-work correctly you could be entitled to a wind fall pay out.  To have the loan written-off the Consumer Credit Act must apply.  As Solicitors we will advise you of your chance of success.

Q. Should I Refuse To Pay Back The Loan?

A.  No.  There are no guarantees.  As specialist Payment Protection Insurance (PPI) claims Solicitors whilst we will advise you of your chance of success you should try to continue with your repayments until a settlement is reached.

Q.  What Loans Do You Consider?

A.  As specialist Payment Protection Insurance (PPI) claims Solicitors we cover all types of credit agreements, car loans, credit cards, mortgage payments, with or without PPI policies.

Q.  Do I Need A Copy Of The Contract?

A.  Do not worry if you do not have a copy.  It helps if you do, but if not, as specialist Payment Protection Insurance (PPI) claims Solicitors we will obtain a copy of the loan agreement from the Bank or other lender.

Q. How Long Does It Take?

A.  The average time Solicitors take to settle a Payment Protection Insurance (PPI) is usually between 6 - 9 months.  However it can be quicker or longer as every case is individual.

Q. How Do I Claim?

A. In our opinion, as solicitors we estimate about 7 out of 10 loans sold with Payment Protection Insurance has been mis-sold for various reasons.  If you have been sold a Payment Protection Insurance policy linked to a loan above £5,000 use our contact form, call us for FREE 0800 011 2757 or engaged our live online confidential chat facility (see top right hand side of this web site).

CAN I CLAIM?

To find out more on whether you are eligible please click here.

COMPANIES FINED FOR MIS-SOLD PPI POLICIES

The Financial Services Ombudsman has undertaken detailed investigations into the Mis-selling of PPI policies. There are various companies who have been fined for details see right hand side of this web page. If you have been sold a PPI policy from one of the companies or one that is not listed we would be happy to advise you on a possible claim.

R James Hutcheon Solicitors
Pioneer House, Warburton Hey, Rainhill, Merseyside, L35 4LF

This Firm is regulated by the Solicitors Regulation Authority

]]> http://ppi-claims.org.uk/712/radio-city-ppi-advertisement/feed Magic Loans & PPI http://ppi-claims.org.uk/704/magic-loans-ppi-compensation-claim http://ppi-claims.org.uk/704/magic-loans-ppi-compensation-claim#comments Tue, 24 Nov 2009 11:33:59 +0000 admin http://ppi-claims.org.uk/?p=704

Claim Back PPI from Magic Loans

Over recent years Magic Loans have arranged personal loans for thousands of people in the UK. In many cases Magic Loans also arranged Payment Protection Insurance or PPI to be attached to the loans that they arranged for their customers. We understand that Magic Loans are no longer trading but that is not a bar to claiming back a PPI refund.

Miss-Sold PPI By Magic Loans?

We are acting for many clients who have claimed that they have been mis-sold PPI policies and redress has been offered as compensation. Hutcheon Solicitors have been helping customers and former customers of Magic Loans who feel they have been wrongfully sold a PPI policy. Indeed, Hutcheon Solicitors have been able to win back thousands of pounds worth of PPI money paid into policies that in reality would never actually pay out if a claim was to be made by the customer.

How Do I Know If I Can Claim Against Magic Loans?

It is quite easy for us to determine whether you have a valid PPI claim against Magic Loans. The starting point is simply to fill out our quick assessment form and a member of our assessment team will contact you at a time convenient to you to chat to you about the PPI claims process against Magic Loans. As a specialist firm of Solicitors regulated by the Solicitors Regulation Authority, we are able to properly represent our clients and reclaim monies owed to them as quickly as possible. As a law firm we also have a duty to ensure that we obtain the maximum amount of PPI compensation from organisations such as Magic Loans and we work hard for our clients at all times.

Start Your Magic Loans PPI Claim Today

Why delay? Hutcheon Solicitors are here to start fighting for you and to win back any miss-sold PPI monies you have paid in respect of a questionable PPI policy sold to you by Magic Loans. Either Click Here to complete our quick PPI Claim Assessment Form or call us now on 01928 288211 and chat with a team member who will be happy to help you.

We have taken on a number of claims against Magic Loans in respect of mis-selling Payment Protection Insurance (PPI) which has been added on to a loan. Our clients are claiming the following:-

Return/Refund of the Cost of the PPI Policy
There are many claims for a refund or return of the PPI policy paid to Magic Loans and to cancel the policy.

Loan to be Re-Written
To reflect the fact that the PPI policy should never have been added to the loan in the first place, that the loan should be re-written to remove the cost of the loan and to write-off all interest payments.

Loan to be Written Off
On loans taken out prior to April 2007, there is a possibility that if the PPI was not optional, the entire loan together with the PPI and all interest could be written-off and refunded.

CLAIM NOW
If you think you have a claim take our 1 minute test by clicking on the link below.
Magic Loans PPI Claim Form Click Here
We operate a NO WIN NO FEE policy so you have nothing to lose to refund your PPI.

If you answer Yes to one or more of the following questions you may have a claim for PPI refund –

§ Magic Loans failed to ask me about any pre-existing medical conditions when I took out a PPI policy

§ Magic Loans failed to ask if I was or was shortly due to become self-employed when I took out the PPI policy

§ Magic Loans failed to ask if I was retired or very close to retirement ages when I took out the PPI policy

§ Magic Loans failed to ask if I was not employed (including student) when I took out the PPI policy

§ Magic Loans failed to ask if I was a public services employee when I took out the PPI policy

§ Magic Loans failed to ask if I had other protection policies in place when I took out this loan

§ Magic Loans failed to advise me that  I did not need the PPI policy as I could have repaid the loan/outstanding balance using my savings

§ Magic Loans failed told me that the PPI policy was compulsory and not optional

§ Magic Loans failed to ask if I was not aware that the PPI policy was optional

§ Magic Loans failed advise me that I would get a better interest rate or the PPI would cost much less if I took the PPI policy out with another insurer

§ Magic Loans did not make me aware of the cost of the premiums on the PPI policy

§ Magic Loans did not make me aware that the PPI policy cost would be added to the loan and I would pay interest on the cost

§ Magic Loans did not make me aware that I had taken out the PPI policy when I took out the loan

§ Magic Loans did not make me aware that I could purchase alternative PPI policies with other providers when I took out the loan

§ Magic Loans did not make me aware that the PPI policy did not cover the life of the loan

]]> http://ppi-claims.org.uk/704/magic-loans-ppi-compensation-claim/feed Picture Loans & PPI Reclaim http://ppi-claims.org.uk/696/picture-loans-ppi-reclaim http://ppi-claims.org.uk/696/picture-loans-ppi-reclaim#comments Tue, 24 Nov 2009 10:47:49 +0000 admin http://ppi-claims.org.uk/?p=696

Claim Back PPI from Picture Loans

Over recent years Picture Loans have arranged personal loans for thousands of people in the UK. In many cases Picture Loans also arranged Payment Protection Insurance or PPI to be attached to the loans that they arranged for their customers.

Miss-Sold PPI By Picture Loans?

We are acting for many clients who have claimed that they have been mis-sold PPI policies and redress have been offered as compensation. Hutcheon Solicitors have been helping customers and former customers of Picture Loans who feel they have been wrongfully sold a PPI policy. Indeed, Hutcheon Solicitors have been able to win back thousands of pounds worth of PPI money paid into policies that in reality would never actually pay out if a claim was to be made by the customer.

How Do I Know If I Can Claim Against Picture Loans?

It is quite easy for us to determine whether you have a valid PPI claim against Picture Loans. The starting point is simply to fill out our quick assessment form and a member of our assessment team will contact you at a time convenient to you to chat to you about the PPI claims process against Picture Loans. As a specialist firm of Solicitors regulated by the Solicitors Regulation Authority, we are able to properly represent our clients and reclaim monies owed to them as quickly as possible. As a law firm we also have a duty to ensure that we obtain the maximum amount of PPI compensation from organisations such as Picture Loans and we work hard for our clients at all times.

Start Your Picture Loans PPI Claim Today

Why delay? Hutcheon Solicitors are here to start fighting for you and to win back any miss-sold PPI monies you have paid in respect of a questionable PPI policy sold to you by Picture Loans. Either Click Here to complete our quick PPI Claim Assessment Form or call us now on 01928 288211 and chat with a team member who will be happy to help you.

We have taken on a number of claims against Picture Loans in respect of mis-selling Payment Protection Insurance (PPI) which has been added on to a loan. Our clients are claiming the following:-

Return/Refund of the Cost of the PPI Policy
There are many claims for a refund or return of the PPI policy paid to Picuture Loans and to cancel the policy.

Loan to be Re-Written
To reflect the fact that the PPI policy should never have been added to the loan in the first place, that the loan should be re-written to remove the cost of the loan and to write-off all interest payments.

Loan to be Written Off
On loans taken out prior to April 2007, there is a possibility that if the PPI was not optional, the entire loan together with the PPI and all interest could be written-off and refunded.

CLAIM NOW
If you think you have a claim take our 1 minute test by clicking on the link below.
Picture Loans PPI Claim Form Click Here
We operate a NO WIN NO FEE policy so you have nothing to lose to refund your PPI.

If you answer Yes to one or more of the following questions you may have a claim for PPI refund –

•    Picture Loans failed to ask me about any pre-existing medical conditions when I took out a PPI policy
•    Picture Loans failed to ask if I was or was shortly due to become self-employed when I took out the PPI policy
•    Picture Loans failed to ask if I was retired or very close to retirement ages when I took out the PPI policy
•    Picture Loans failed to ask if I was not employed (including student) when I took out the PPI policy
•    Picture Loans failed to ask if I was a public services employee when I took out the PPI policy
•    Picture Loans failed to ask if I had other protection policies in place when I took out this loan
•    Picture Loans failed to advise me that  I did not need the PPI policy as I could have repaid the loan/outstanding balance using my savings
•    Picture Loans failed told me that the PPI policy was compulsory and not optional
•    Picture Loans failed to ask if I was not aware that the PPI policy was optional
•    Picture Loans failed advise me that I would get a better interest rate or the PPI would cost much less if I took the PPI policy out with another insurer
•    Picture Loans did not make me aware of the cost of the premiums on the PPI policy
•    Picture Loans did not make me aware that the PPI policy cost would be added to the loan and I would pay interest on the cost
•    Picture Loans did not make me aware that I had taken out the PPI policy when I took out the loan
•    Picture Loans did not make me aware that I could purchase alternative PPI policies with other providers when I took out the loan
•    Picture Loans did not make me aware that the PPI policy did not cover the life of the loan

]]> http://ppi-claims.org.uk/696/picture-loans-ppi-reclaim/feed First Plus PPI Refund http://ppi-claims.org.uk/659/first-plus-ppi-refund http://ppi-claims.org.uk/659/first-plus-ppi-refund#comments Mon, 01 Jun 2009 14:36:17 +0000 admin http://ppi-claims.org.uk/?p=659 We have taken on a number of claims against First Plus in respect of mis-selling Payment Protection Insurance (PPI) which has been added on to a loan. Our clients are claiming the following:-

Return/Refund of the Cost of the PPI Policy

There are many claims for a refund or return of the PPI policy paid to Black Horse and to cancel the policy.

Loan to be Re-Written

To reflect the fact that the PPI policy should never have been added to the loan in the first place, that the loan should be re-written to remove the cost of the loan and to write-off all interest payments.

Loan to be Written Off

On loans taken out prior to April 2007, there is a possibility that if the PPI was not optional, the entire loan together with the PPI and all interest could be written-off and refunded.

CLAIM NOW

If you think you have a claim take our 1 minute test by clicking on the link below.

First Plus PPI Claim Form Click Here

We operate a NO WIN NO FEE policy so you have nothing to lose to refund your PPI.

If you answer Yes to one or more of the following questions you may have a claim for PPI refund -

  • First Plus failed to ask me about any pre-existing medical conditions when I took out a PPI policy
  • First Plus failed to ask if I was or was shortly due to become self-employed when I took out the PPI policy
  • First Plus failed to ask if I was retired or very close to retirement ages when I took out the PPI policy
  • First Plus failed to ask if I was not employed (including student) when I took out the PPI policy
  • First Plus failed to ask if I was a public services employee when I took out the PPI policy
  • First Plus failed to ask if I had other protection policies in place when I took out this loan
  • First Plus failed to advise me that  I did not need the PPI policy as I could have repaid the loan/outstanding balance using my savings
  • First Plus failed told me that the PPI policy was compulsory and not optional
  • First Plus failed to ask if I was not aware that the PPI policy was optional
  • First Plus failed advise me that I would get a better interest rate or the PPI would cost much less if I took the PPI policy out with another insurer
  • First Plus did not make me aware of the cost of the premiums on the PPI policy
  • First Plus did not make me aware that the PPI policy cost would be added to the loan and I would pay interest on the cost
  • First Plus did not make me aware that I had taken out the PPI policy when I took out the loan
  • First Plus did not make me aware that I could purchase alternative PPI policies with other providers when I took out the loan
  • First Plus did not make me aware that the PPI policy did not cover the life of the loan

First Plus PPI Claim Form Click Here

Our Top 6 PPI Mis-Selling PPI Claims

We have listed below the most common complaints by our clients against lenders for the mis-selling of PPI policies:

1. Pressurised Sales

The sales advisor tells the borrower that without the PPI they are unlikely to obtain the loan due to their credit history or something else which may go against them if they do not take out the PPI. This type of pressurised sale is one of the most common techniques used. It must be remembered that PPI policies should be optional.

2. Assumptive Sales

Our clients experience are such that the PPI was on an “assumptive sale” that is, the PPI sold by the lender “assumed” that the borrowers wanted PPI rather whether it was suitable for them. To sell any PPI policy the lender must investigate whether the borrower really does need the PPI policy and establish any existing cover through insurance or employment.

3. Failure to Ask About Pre-Existing Medical Conditions

All PPI policies contain small print that exclude pre-existing medical conditions. The sales advisor often fails to investigate and ask the right questions to ensure that the borrower would be eligible for the PPI. Any pre-existing condition would bar any claim and make the PPI worthless.

4. Failure to Establish Existing PPI or Cover

Often the sales advisor does not ask the right questions on whether the borrower has any exiting PPI or existing similar cover which could be available through other insurance policies the borrower may have or through his/her employment. For instance the employer’s contract may pay the borrower his/her wages in full or in part for 6 months if they are off work due to illness. Should this be the case a careful analysis has to be considered to see if the PPI is suitable.

5. Did not Know About PPI

In a fair proportion of cases the sales advisor did not even tell the borrower about the PPI. The PPI cost was simply added to the loan without any knowledge. Should this be the case we will assume that the PPI was compulsory and therefore there is a chance that the loan could be written-off as well as a full refund of the PPI premiums paid.

6. Re-Selling PPI on Second Loans

There are other cases where our clients have been contacted by lenders to sell them a second loan. The second loan was then used to pay of the first loan (including the PPI) and then they have been sold PPI again. The PPI policy is “re-sold” or “churned” which in such circumstances are not fair to the borrower. The cost of the PPI in all loans sold in this way can be reclaimed or refunded and in certain cases have both loans written off in full.

Further Guidance

For more information on how to make a claim click here.
For more information about mortgage repossessions click here.

R James Hutcheon Solicitors
The Heath Business & Technology Park
Runcorn
Cheshire
WA7 4QX

Visit our main Web site www.hutcheonlaw.co.uk

This Firm is regulated by the Solicitors Regulation Authority

PPI Claim Refunds

There are a number of claims against First Plus along with other major and respected lending institutions who are alleged to have been mis-sold PPI policies linked to a loan.

PPI is usually a “secondary purchase” to a loan or mortgage borrowers are taken by surprise when confronted with a PPI advice and just go along with the sale that they must or ought to have PPI to protect them.  The borrower is not given time to think about alternative methods of protection or whether they really do need the PPI policy.  The PPI sold along side a loan or mortgage are often single premiums added to the loan amount which is expensive to the borrower as it means that the borrower is paying interest on the cost of the PPI premium over the full term of the loan.  PPI premiums are often loaded with commission payments making the cost of the policy even more expensive, with small print exclusions and cancellation penalties thousands of PPI policies have been mis-sold.  We are making PPI refund claims against First Plus along with other major lenders on behalf of our clients as in all the circumstances it was not considered that First Plus treated their own customers fairly.  If refunds are not made we will always consider taking court action if appropriate to ensure our clients are not financially prejudiced by the sale of the PPI.  First Plus often respond to us by saying that the PPI has not been mis-sold.  These claims are being considered very carefully and court action may be pursued where there is a denial.

A review of PPI mis-selling has been considered by the Financial Services Authority “FSA” which does not make good reading to the industry as a whole.  Many respected Banks and lenders have been fined due to the fact that they do not have appropriate systems and controls in place to ensure that their customers are treated fairly.  With large commissions and bonuses paid on the sale of the PPI policies lenders often fail to monitor whether the PPI policy has been mis-sold.  It is the borrower who pays at the end of the day either through the monthly repayments towards the loan or mortgage or when a claim is rejected against the PPI policy.  The Competition Commission has also investigated the sale of PPI policies.  For further reading please click here.

Obviously not every PPI policy has been mis-sold and indeed if sold correctly would offer valuable protection.  Every case must be individually considered on its merits.  Each case is “fact sensitive” which means that as PPI refund claims solicitors we will be reliant upon what our client has said in evidence about how the PPI policy was sold in order for us to consider making a PPI refund claim.  With documentary evidence in support and on occasions, the telephone recording of the sale, will provide us with a complete picture on how the PPI policy was sold.  Obviously if the lender has been fined by the FSA this will help support a refund of the PPI policy.

When an event such as redundancy, loss of a job, illness or accident occurs the borrower only then finds out that the PPI policy is worthless due to exclusion clauses such as a failure to declare pre-existing medical conditions.   Whilst the Financial Industry is now cleaning up its act there are still the historic PPI policies that have been sold which are costing many borrowers substantial sums for something at the end of the day are bits of worthless paper.

We are often asked what can be reclaimed or refund against the likes of First Plus and other lenders.  The starting point in law is that the borrower must be put back into the same financial position as if the PPI was never sold.  This means the return of all PPI payments made to lenders such as First Plus plus interest on the payments made. In addition the remaining PPI cost plus interest be waived and the loan re-written so that the future payments under the loan or mortgage reflect the reduced costs.  In more severe cases where PPI was sold as a “compulsory purchase” or that the borrower had “no choice” but to take out the PPI policy alongside the loan there is also a chance that the loan itself can be written off.  This is due to the Consumer Credit Laws which protect borrowers if there has been a breach of minimum requirement criteria.

Court Action – Defending Customers

In addition to taking action for refunds of PPI policies we are also acting for clients who have been taken to court by their Banks because they have fallen behind with their monthly repayments.  In some cases we are defending repossession proceedings taken by lenders where a borrower has lost their job or was unable to claim a refund against the PPI policy due to a pre-existing medical conditions.

Mortgage Repossessions

We are able to offer support and ongoing advice in these types of claims all on a “NO WIN NO FEE” basis where there has been a mis-sold PPI policy linked to a mortgage or secured loan.  Access to justice and legal representation should be a right and not a privilege.  Unfortunately in many cases of this nature the borrower is unable to afford to appoint a solicitor to defend and counter claim.  As solicitors we understand the stress and strain of repossession proceedings and the build of debt.  But since the law has changed making it possible for specialist solicitors like R James Hutcheon to act for free it is now possible to instruct us without fear of getting into any more debt.

Expert legal advice on repossession claims where PPI has been sold along side the mortgage or secured loan can mean not only obtaining a full refund of all PPI but it could mean that the entire loan could no longer be valid if the PPI was mis-sold and breached the prescribed terms of the Consumer Credit Act.  A complete defence could be made out.  The advice is not to suffer in silence and contact R James Hutcheon solicitors on a NO WIN NO FEE basis.  There is nothing to lose and everything to gain.

Visit our main Web site www.hutcheonlaw.co.uk

We are taking on claims against all the main high street banks lenders for mis-selling PPI claim and refunds including Alliance & Leicester, Bank of Scotland, Barclays Bank, BlackHorse Finance, First Plus, HSBC Bank, Egg, First Plus, Lloyds Bank, First Plus, Picture Loans, First Plus to name but a few.

Mortgage or Second Charges?

Payment Protection Insurance is commonly sold as part of obtaining a mortgage. The lender often wants to protect themselves in case the borrower is unable to meet the repayments due to some unfortunate event.  But again there has been widespread mis-selling of PPI linked to a mortgage or second charge so the borrower has no protection under the PPI policy and may face possession proceedings.

The added burden of the cost of the PPI policy on top of mortgage or a second charge often means that the repayments cost much more than initially thought. This is a large burden and often contributes to the borrowers failing to keep up their repayments.

Just like any single premium PPI policy added to a loan, a PPI policy added to a mortgage or second charge can also be refunded and claimed back if it was mis-sold.

Accident at work compensation claims click here

Child injury compensation claims click here


]]> http://ppi-claims.org.uk/659/first-plus-ppi-refund/feed Halifax PPI Refund Claims http://ppi-claims.org.uk/643/halifax-ppi-refund-claims http://ppi-claims.org.uk/643/halifax-ppi-refund-claims#comments Sat, 30 May 2009 15:52:15 +0000 admin http://ppi-claims.org.uk/?p=643 Halifax PPI Refund Claims

We have taken on a number of claims against Halifax in respect of mis-selling Payment Protection Insurance (PPI) which has been added on to a loan. Our clients are claiming the following:-

Return/Refund of the Cost of the PPI Policy

There are many claims for a refund or return of the PPI policy paid to Black Horse and to cancel the policy.

Loan to be Re-Written

To reflect the fact that the PPI policy should never have been added to the loan in the first place, that the loan should be re-written to remove the cost of the loan and to write-off all interest payments.

Loan to be Written Off

On loans taken out prior to April 2007, there is a possibility that if the PPI was not optional, the entire loan together with the PPI and all interest could be written-off and refunded.

CLAIM NOW

If you think you have a claim take our 1 minute test by clicking on the link below.

Halifax PPI Claim Form Click Here

We operate a NO WIN NO FEE policy so you have nothing to lose to refund your PPI.

If you answer Yes to one or more of the following questions you may have a claim for PPI refund -

  • Halifax failed to ask me about any pre-existing medical conditions when I took out a PPI policy
  • Halifax failed to ask if I was or was shortly due to become self-employed when I took out the PPI policy
  • Halifax failed to ask if I was retired or very close to retirement ages when I took out the PPI policy
  • Halifax failed to ask if I was not employed (including student) when I took out the PPI policy
  • Halifax failed to ask if I was a public services employee when I took out the PPI policy
  • Halifax failed to ask if I had other protection policies in place when I took out this loan
  • Halifax failed to advise me that  I did not need the PPI policy as I could have repaid the loan/outstanding balance using my savings
  • Halifax failed told me that the PPI policy was compulsory and not optional
  • Halifax failed to ask if I was not aware that the PPI policy was optional
  • Halifax failed advise me that I would get a better interest rate or the PPI would cost much less if I took the PPI policy out with another insurer
  • Halifax did not make me aware of the cost of the premiums on the PPI policy
  • Halifax did not make me aware that the PPI policy cost would be added to the loan and I would pay interest on the cost
  • Halifax did not make me aware that I had taken out the PPI policy when I took out the loan
  • Halifax did not make me aware that I could purchase alternative PPI policies with other providers when I took out the loan
  • Halifax did not make me aware that the PPI policy did not cover the life of the loan

Click here now to make a PPI Refund Claim

Our Top 6 PPI Mis-Selling PPI Claims

We have listed below the most common complaints by our clients against lenders for the mis-selling of PPI policies:

1. Pressurised Sales

The sales advisor tells the borrower that without the PPI they are unlikely to obtain the loan due to their credit history or something else which may go against them if they do not take out the PPI. This type of pressurised sale is one of the most common techniques used. It must be remembered that PPI policies should be optional.

2. Assumptive Sales

Our clients experience are such that the PPI was on an “assumptive sale” that is, the PPI sold by the lender “assumed” that the borrowers wanted PPI rather whether it was suitable for them. To sell any PPI policy the lender must investigate whether the borrower really does need the PPI policy and establish any existing cover through insurance or employment.

3. Failure to Ask About Pre-Existing Medical Conditions

All PPI policies contain small print that exclude pre-existing medical conditions. The sales advisor often fails to investigate and ask the right questions to ensure that the borrower would be eligible for the PPI. Any pre-existing condition would bar any claim and make the PPI worthless.

4. Failure to Establish Existing PPI or Cover

Often the sales advisor does not ask the right questions on whether the borrower has any exiting PPI or existing similar cover which could be available through other insurance policies the borrower may have or through his/her employment. For instance the employer’s contract may pay the borrower his/her wages in full or in part for 6 months if they are off work due to illness. Should this be the case a careful analysis has to be considered to see if the PPI is suitable.

5. Did not Know About PPI

In a fair proportion of cases the sales advisor did not even tell the borrower about the PPI. The PPI cost was simply added to the loan without any knowledge. Should this be the case we will assume that the PPI was compulsory and therefore there is a chance that the loan could be written-off as well as a full refund of the PPI premiums paid.

6. Re-Selling PPI on Second Loans

There are other cases where our clients have been contacted by lenders to sell them a second loan. The second loan was then used to pay of the first loan (including the PPI) and then they have been sold PPI again. The PPI policy is “re-sold” or “churned” which in such circumstances are not fair to the borrower. The cost of the PPI in all loans sold in this way can be reclaimed or refunded and in certain cases have both loans written off in full.

Further Guidance

For more information on how to make a claim click here.
For more information about mortgage repossessions click here.

R James Hutcheon Solicitors
The Heath Business & Technology Park
Runcorn
Cheshire
WA7 4QX

Visit our main Web site www.hutcheonlaw.co.uk

This Firm is regulated by the Solicitors Regulation Authority

PPI Claim Refunds

There are a number of claims against Halifax along with other major and respected lending institutions who are alleged to have been mis-sold PPI policies linked to a loan.

PPI is usually a “secondary purchase” to a loan or mortgage borrowers are taken by surprise when confronted with a PPI advice and just go along with the sale that they must or ought to have PPI to protect them.  The borrower is not given time to think about alternative methods of protection or whether they really do need the PPI policy.  The PPI sold along side a loan or mortgage are often single premiums added to the loan amount which is expensive to the borrower as it means that the borrower is paying interest on the cost of the PPI premium over the full term of the loan.  PPI premiums are often loaded with commission payments making the cost of the policy even more expensive, with small print exclusions and cancellation penalties thousands of PPI policies have been mis-sold.  We are making PPI refund claims against Halifax along with other major lenders on behalf of our clients as in all the circumstances it was not considered that Halifax treated their own customers fairly.  If refunds are not made we will always consider taking court action if appropriate to ensure our clients are not financially prejudiced by the sale of the PPI.  Halifax often respond to us by saying that the PPI has not been mis-sold.  These claims are being considered very carefully and court action may be pursued where there is a denial.

A review of PPI mis-selling has been considered by the Financial Services Authority “FSA” which does not make good reading to the industry as a whole.  Many respected Banks and lenders have been fined due to the fact that they do not have appropriate systems and controls in place to ensure that their customers are treated fairly.  With large commissions and bonuses paid on the sale of the PPI policies lenders often fail to monitor whether the PPI policy has been mis-sold.  It is the borrower who pays at the end of the day either through the monthly repayments towards the loan or mortgage or when a claim is rejected against the PPI policy.  The Competition Commission has also investigated the sale of PPI policies.  For further reading please click here.

Obviously not every PPI policy has been mis-sold and indeed if sold correctly would offer valuable protection.  Every case must be individually considered on its merits.  Each case is “fact sensitive” which means that as PPI refund claims solicitors we will be reliant upon what our client has said in evidence about how the PPI policy was sold in order for us to consider making a PPI refund claim.  With documentary evidence in support and on occasions, the telephone recording of the sale, will provide us with a complete picture on how the PPI policy was sold.  Obviously if the lender has been fined by the FSA this will help support a refund of the PPI policy.

When an event such as redundancy, loss of a job, illness or accident occurs the borrower only then finds out that the PPI policy is worthless due to exclusion clauses such as a failure to declare pre-existing medical conditions.   Whilst the Financial Industry is now cleaning up its act there are still the historic PPI policies that have been sold which are costing many borrowers substantial sums for something at the end of the day are bits of worthless paper.

We are often asked what can be reclaimed or refund against the likes of Halifax and other lenders.  The starting point in law is that the borrower must be put back into the same financial position as if the PPI was never sold.  This means the return of all PPI payments made to lenders such as Halifax plus interest on the payments made. In addition the remaining PPI cost plus interest be waived and the loan re-written so that the future payments under the loan or mortgage reflect the reduced costs.  In more severe cases where PPI was sold as a “compulsory purchase” or that the borrower had “no choice” but to take out the PPI policy alongside the loan there is also a chance that the loan itself can be written off.  This is due to the Consumer Credit Laws which protect borrowers if there has been a breach of minimum requirement criteria.

Court Action – Defending Customers

In addition to taking action for refunds of PPI policies we are also acting for clients who have been taken to court by their Banks because they have fallen behind with their monthly repayments.  In some cases we are defending repossession proceedings taken by lenders where a borrower has lost their job or was unable to claim a refund against the PPI policy due to a pre-existing medical conditions.

Mortgage Repossessions

We are able to offer support and ongoing advice in these types of claims all on a “NO WIN NO FEE” basis where there has been a mis-sold PPI policy linked to a mortgage or secured loan.  Access to justice and legal representation should be a right and not a privilege.  Unfortunately in many cases of this nature the borrower is unable to afford to appoint a solicitor to defend and counter claim.  As solicitors we understand the stress and strain of repossession proceedings and the build of debt.  But since the law has changed making it possible for specialist solicitors like R James Hutcheon to act for free it is now possible to instruct us without fear of getting into any more debt.

Expert legal advice on repossession claims where PPI has been sold along side the mortgage or secured loan can mean not only obtaining a full refund of all PPI but it could mean that the entire loan could no longer be valid if the PPI was mis-sold and breached the prescribed terms of the Consumer Credit Act.  A complete defence could be made out.  The advice is not to suffer in silence and contact R James Hutcheon solicitors on a NO WIN NO FEE basis.  There is nothing to lose and everything to gain.

Visit our main Web site www.hutcheonlaw.co.uk

We are taking on claims against all the main high street banks lenders for mis-selling PPI claim and refunds including Alliance & Leicester, Bank of Scotland, Barclays Bank, BlackHorse Finance, Halifax, HSBC Bank, Egg, First Plus, Lloyds Bank, Halifax, Picture Loans, Halifax to name but a few.

Mortgage or Second Charges?

Payment Protection Insurance is commonly sold as part of obtaining a mortgage. The lender often wants to protect themselves in case the borrower is unable to meet the repayments due to some unfortunate event.  But again there has been widespread mis-selling of PPI linked to a mortgage or second charge so the borrower has no protection under the PPI policy and may face possession proceedings.

The added burden of the cost of the PPI policy on top of mortgage or a second charge often means that the repayments cost much more than initially thought. This is a large burden and often contributes to the borrowers failing to keep up their repayments.

Just like any single premium PPI policy added to a loan, a PPI policy added to a mortgage or second charge can also be refunded and claimed back if it was mis-sold.

Accident at work compensation claims click here

No Win No Fee

Child injury compensation claims click here

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