Farmers and ppi

[matthew]

Between 1975 and 1995, I financed quite a lot of tractors and machinery with leases, and in one case, an HP agreement for a tractor, all from Humberclyde. I have no idea if any ppi was included in the arrangements, the paperwork was chucked when I moved house, and I don't think that the company exists anymore.

Any ideas, anyone?

It's amazing how many of these loans we used, spreading costs over several months. So I had a long list. Whittled down somewhat today as a few big institutions have taken over the minnows.

Lloyds / Lloyds - TSB and TSB can all be traced back by Lloyds, who also offered to check into AMC.loans for me. I also found that NWS Talisman was operated by Lloyds / Black Horse so have tacked that on the letter..

UFB Humberclyde is now operated by BNP Parabas who say they did not operate PPI, but did operate Keyman. All documents prior to 2001 are ditched so to pursue that one you'll need copies.

Barclay group operated Highland Leasing and a building society we used.

But I've drawn a blank with FAF except to confirm that it's not First Asset Finance in Basingstoke, but may be something to do with the NFU. Also operated as Growcash. We used that for fertiliser, one tractor and a DX bulk tank.

I'll contact the machinery / tank sellers tomorrow to see if they have details of the finance companies they used 20 years ago!

Longship Finance was another blank, if anyone can help.

 

[Pilatus]

It's amazing how many of these loans we used, spreading costs over several months. So I had a long list. Whittled down somewhat today as a few big institutions have taken over the minnows.

Lloyds / Lloyds - TSB and TSB can all be traced back by Lloyds, who also offered to check into AMC.loans for me. I also found that NWS Talisman was operated by Lloyds / Black Horse so have tacked that on the letter..

UFB Humberclyde is now operated by BNP Parabas who say they did not operate PPI, but did operate Keyman. All documents prior to 2001 are ditched so to pursue that one you'll need copies.

Barclay group operated Highland Leasing and a building society we used.

But I've drawn a blank with FAF except to confirm that it's not First Asset Finance in Basingstoke, but may be something to do with the NFU. Also operated as Growcash. We used that for fertiliser, one tractor and a DX bulk tank.

I'll contact the machinery / tank sellers tomorrow to see if they have details of the finance companies they used 20 years ago!

Longship Finance was another blank, if anyone can help.

From what I can see on Google, in 1998 FAF was part of Lombard which was part of Natwest. I can remember doing business with FAF way back then.

 

[Johnnyboxer]

It's amazing how many of these loans we used, spreading costs over several months. So I had a long list. Whittled down somewhat today as a few big institutions have taken over the minnows.

Lloyds / Lloyds - TSB and TSB can all be traced back by Lloyds, who also offered to check into AMC.loans for me. I also found that NWS Talisman was operated by Lloyds / Black Horse so have tacked that on the letter..

UFB Humberclyde is now operated by BNP Parabas who say they did not operate PPI, but did operate Keyman. All documents prior to 2001 are ditched so to pursue that one you'll need copies.

Barclay group operated Highland Leasing and a building society we used.

But I've drawn a blank with FAF except to confirm that it's not First Asset Finance in Basingstoke, but may be something to do with the NFU. Also operated as Growcash. We used that for fertiliser, one tractor and a DX bulk tank.

I'll contact the machinery / tank sellers tomorrow to see if they have details of the finance companies they used 20 years ago!

Longship Finance was another blank, if anyone can help.

FAF nothing to do with NFU - it was Lombard Natwest as mentioned earlier

 

[matthew]

FAF nothing to do with NFU - it was Lombard Natwest as mentioned earlier

Thanks. I had found that. It's Farming and Agricultural Finance, and has been included in a query claim to Royal Bank of Scotland as the parent company.

All letters gone. So now we wait.

 

[Pilatus]

Can some one tell me if all PPI policies had to be registered with a certain government department/organisation, by all insurance companies. I am prompted to ask the question after seeing the adverts by lawyers, who will track down (for a fee /percentage of successful claim) whether or not you have a PPI,that you may be due compensation on. As far as I can see it, unless there is a centralised data base of ALL our PPI policies, that we as individuals have ever had I don't know how they can find out if one has had a PPI,UNLESS they trawled through hundreds of individual companies records ,which would surely literally take days to do. If I am missing something please tell as I am always keen to learn. I f this data base DOES exist, there must be a way, individuals like us forum members, can tap in to it,or is that just wishful thinking.

 

[matthew]

I would think that like most 'consultants' it's you who does the leg work giving them the info and reference dates, account numbers and agreements: then they apply on your behalf using that information.
But could be wrong.

 

[Pilatus]

I would think that like most 'consultants' it's you who does the leg work giving them the info and reference dates, account numbers and agreements: then they apply on your behalf using that information.
But could be wrong.

When you first look at some of the PPI claim back websites ,all they ask for is your name address etc . Sprat to catch a mackerel (sucker in this case!) No I have not fallen for the trap.

 

[caveman]

Can some one tell me if all PPI policies had to be registered with a certain government department/organisation, by all insurance companies. I am prompted to ask the question after seeing the adverts by lawyers, who will track down (for a fee /percentage of successful claim) whether or not you have a PPI,that you may be due compensation on. As far as I can see it, unless there is a centralised data base of ALL our PPI policies, that we as individuals have ever had I don't know how they can find out if one has had a PPI,UNLESS they trawled through hundreds of individual companies records ,which would surely literally take days to do. If I am missing something please tell as I am always keen to learn. I f this data base DOES exist, there must be a way, individuals like us forum members, can tap in to it,or is that just wishful thinking.

They probably use the credit reference agencies

 

[Courier]

What really niggles me about all this PPI is that the banks DO KNOW where it was applied and they also have details of who it was applied to - refunds should be automatic - you shouldn't need to claim.
Come on FCA and the Ombudsman do your job and tell the banks to get on with it and then fine them 1000 % as well for anyone they don't inform.

 

[matthew]

Agree with that ^^^

I spent a couple of days back trawling accounts, agreements and cash registers to find basic info. Not credit reference agencies though. I'll see what replies come back first.
I also had no idea that PPI was included in business overdraft fees. Our friendly bank clerk confirmed that on Friday, and said 'I hope you've applied'.

 

[Surgery]

Is it possible for all of you out there to post on here who you have dealt with in the past either banks or finance companies who you have successfully claimed PPI so those of us who are not quite so sharp can look at a list and see if we have done any business with them in the past? There must be some firms more inclined to have had it in the past than others ?

One thing for a few of us to look at , just been speaking to a mate of mine who I travelled with back in the 90’S , we both had credit cards and he has claimed best part of a thousand back from PPI !!

Any other random PPI claims please post , it might just jog a few memories , mine being top of the list !!

 

[rosbif]

Have just spoken to HSBC re PPI on overdraft, loans and cards dating back to 1980 and up to today. All very helpful, someone will contact within 5 days to take details etc and they will try to get a result within 8 weeks. The sting in the tail though is that the bank only keep records for 6 years. I don't really believe this but I am relying on the bank having records as I don't.

 

[Still Farming]

Have just spoken to HSBC re PPI on overdraft, loans and cards dating back to 1980 and up to today. All very helpful, someone will contact within 5 days to take details etc and they will try to get a result within 8 weeks. The sting in the tail though is that the bank only keep records for 6 years. I don't really believe this but I am relying on the bank having records as I don't.

You bound to have receipts -statements etc.showing money going out to different firms maybe or accountant .
What about mortgages etc ?
Also think tractor finance with mccormick or ing and others to trace ?

 

[rosbif]

No receipts/statements etc. This is going back nearly 40 years mind, have moved 3 times in that period. I came to France 20 years ago and kept all uk stuff for however long requirement was for vat/IR. Never a thought of claiming some back! Accountant is a good suggestion.
I have found one piece of paper showing direct debits in 1995 to BM Highland. Google shows them in liquidation so don't know where to go with that one.
On a more positive note, brother in law had 10k relating to credit card spending and his daughter had 17k.

 

[Storeman]

Have just spoken to HSBC re PPI on overdraft, loans and cards dating back to 1980 and up to today. All very helpful, someone will contact within 5 days to take details etc and they will try to get a result within 8 weeks. The sting in the tail though is that the bank only keep records for 6 years. I don't really believe this but I am relying on the bank having records as I don't.

I don't believe the 'no longer have records' line, either.
I put in a claim against my mortgage company. I took it out 20 years ago. They came back and said they didn't have records going back that far. So, I sent them copies of the paper work that I had found. All of a sudden, they found my records, and they showed that I didn't have PPI. I had a similar product, which done the same thing, but that was different to PPI.

 

[matthew]

Spoke to friend today who had used an agency as she no records at all. Nothing except the name of the bank and a rough date. They got £900.
And what have I had from Lloyds? A goddamn package of 14 pages wanting shed loads of personal info (inside leg measurement?) and that's our own berluddy bank.
I'm tempted to phone again and ask for the info, so I can fill in their form.

 

[Johnnyboxer]

If your PPI claim is successful, you will be repaid the capital amount of premiums originally paid - PLUS interest at 8% from the original borrowing date, until now (date of claim)

The capital sum (original premiums paid) is compensation, but the interest received has to be declared in your annual accounts and thus, you will pay tax on that proportion

So not all 'free' money, HMRC want a cut of your 8% interest windfall

 

[Still Farming]

If your PPI claim is successful, you will be repaid the capital amount of premiums originally paid - PLUS interest at 8% from the original borrowing date, until now (date of claim)

The capital sum (original premiums paid) is compensation, but the interest received has to be declared in your annual accounts and thus, you will pay tax on that proportion

So not all 'free' money, HMRC want a cut of your 8% interest windfall

No better than the sharks after part of it as well if do it for you ?
Everyone's on "the up train " an't they ?

 

[Johnnyboxer]

No better than the sharks after part of it as well if do it for you ?
Everyone's on "the up train " an't they ?

Yep, cost me £300 in tax................accountant said it was 'interest received' just the same as any interest on savings/investments in that tax year

 

[Pilatus]

No better than the sharks after part of it as well if do it for you ?
Everyone's on "the up train " an't they ?

That's life and business, whether we like it or not.
Technology is making us all easy prey for the sharks and it is bound to get worse!!!!