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Mis-sold PPI with Black Horse....help!!

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joemac1977
joemac1977 Posts: 16 Forumite
in Loans
Right here's the story so far (don't worry I will shorten it!!)

Usual story...took out loans with Black Horse and they pushed the whole PPI thing and I was sucked in. I consolidated several loans with "top up" loans not knowing I was paying the PPI in cash each time. I HAVE NOW PAID OVER £5K IN PPI....OUCH!!

Anyway after watching the TV show last year on mis-sold PPI, I have pursued them to get them back, they said they won't do that... I contacted the FSO who said they couldn't do anything because PPI was not regulated before 14th January 2005 and the loans were taken out in 03/04.

I then called a company called Randall and Vickers "Claim Them Back", explained the whole situation about the PPI regulation issue and the loans were taken out 03/04 and they said it should be no problem. I kept contacting them for months, they said the FSO couldn't do anything - I then told them that I already explained that!!?? - they then said they would get lawyers to take the case on, no word for more months, eventually I contacted them again and they said they would put it to the lawyers - months after they said they would in the first instance!!! Then they sent me a letter to say they were terminating the contract as "PPI was not regulated before 14th January 2005" and Black Horse was not a member of GISC - they also said the lawyers could not look at it as none of my individual claims are £5k or over!!!

Is there any way I will be able to get these refunded now....Randall and Vickers have suggested contacting Citizens Advice or Local Trading Standards but is there any point????

Alternatively, is anyone else in the same boat and is there another company out there who can handle this (taking into consideration that the loans were taken out in 03/04)???
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Comments

  • roysmissus
    roysmissus Posts: 57 Forumite
    Hi i was also mis-sold ppi with Blackhorse, Went through all the stages with letters, phone calls , FSO, etc even called a claims company but as you pointed out Blackhorse where not regulated so there was nothing that could be done to claim back the ppi . It was an expensive lesson learnt for me. Sorry i couldnt give you good news but maybe others might have more advice.

    BTW my loan was from 2002
    :EasterBun
    If "poli" means many, and "tics" means bloodsucking creatures what does "politics" mean?:rolleyes:
  • di3004
    di3004 Posts: 42,579 Forumite
    joemac1977 wrote: »
    Right here's the story so far (don't worry I will shorten it!!)

    Usual story...took out loans with Black Horse and they pushed the whole PPI thing and I was sucked in. I consolidated several loans with "top up" loans not knowing I was paying the PPI in cash each time. I HAVE NOW PAID OVER £5K IN PPI....OUCH!!

    Anyway after watching the TV show last year on mis-sold PPI, I have pursued them to get them back, they said they won't do that... I contacted the FSO who said they couldn't do anything because PPI was not regulated before 14th January 2005 and the loans were taken out in 03/04.

    I then called a company called Randall and Vickers "Claim Them Back", explained the whole situation about the PPI regulation issue and the loans were taken out 03/04 and they said it should be no problem. I kept contacting them for months, they said the FSO couldn't do anything - I then told them that I already explained that!!?? - they then said they would get lawyers to take the case on, no word for more months, eventually I contacted them again and they said they would put it to the lawyers - months after they said they would in the first instance!!! Then they sent me a letter to say they were terminating the contract as "PPI was not regulated before 14th January 2005" and Black Horse was not a member of GISC - they also said the lawyers could not look at it as none of my individual claims are £5k or over!!!

    Is there any way I will be able to get these refunded now....Randall and Vickers have suggested contacting Citizens Advice or Local Trading Standards but is there any point????

    Alternatively, is anyone else in the same boat and is there another company out there who can handle this (taking into consideration that the loans were taken out in 03/04)???

    Hi there
    Have you tried posting in the reclaiming/discussion forums above ?
    There you will also receive some guidance on where to go from here.;)
    The one and only "Dizzy Di" :D
  • joemac1977
    joemac1977 Posts: 16 Forumite
    di3004 wrote: »
    Hi there
    Have you tried posting in the reclaiming/discussion forums above ?
    There you will also receive some guidance on where to go from here.;)

    Hi, yes I've been reading up on them since I posted this and I think it's a dead end by the looks of it - I've been well stung :mad:
  • di3004
    di3004 Posts: 42,579 Forumite
    I assumed that all banks were members of GISC before the FSA taken over in Jan 2005.......:confused: , and isn't Black Horse linked with Lloyds who were members of GISC prior to 2005?:confused: .
    The one and only "Dizzy Di" :D
  • joemac1977
    joemac1977 Posts: 16 Forumite
    di3004 wrote: »
    I assumed that all banks were members of GISC before the FSA taken over in Jan 2005.......:confused: , and isn't Black Horse linked with Lloyds who were members of GISC prior to 2005?:confused: .

    Yes, Black Horse is a branch of Lloyds as far as I know - how would I find this out for sure?
  • tictax
    tictax Posts: 157 Forumite
    They are a 100% owned subsidiary of Lloyds TSB. Registered office is 25 Gresham Street, London. This is confirmed at the back of the annual report of Lloyds TSB which you can access on the Lloyds TSB website. The blackhorse website also confirms this.
  • di3004
    di3004 Posts: 42,579 Forumite
    joemac1977 wrote: »
    Yes, Black Horse is a branch of Lloyds as far as I know - how would I find this out for sure?

    Hi hun
    I do have paperwork here myself to confirm that Lloyds were covered by GISC prior to Jan 2005 and if Black Horse are part of these and as a banking complaint you should be eligible to get your complaint looked at by the FOS.

    Now to be sure hun - there is no harm done just to give them Black Horse a ring where you have the right to know this, or maybe the FOS customer help department can still confirm this to you.
    0845 080 1800
    This number is the FOS consumer helpline.;)

    Good luck, please let us know.
    The one and only "Dizzy Di" :D
  • roysmissus
    roysmissus Posts: 57 Forumite
    Hi i have rang the FOS and yes Blackhorse are part of LLoyds however where loans, ppi etc are concerned Blackhorse act in there own right so there is no comeback on Lloyds, so there is nothing that can be done regarding mis-sold ppi etc pre 2005. The FOS will not look at the complaint even tho Lloyds were regulated before 2005. Hope this helps and makes sense lol
    :EasterBun
    If "poli" means many, and "tics" means bloodsucking creatures what does "politics" mean?:rolleyes:
  • di3004
    di3004 Posts: 42,579 Forumite
    roysmissus wrote: »
    Hi i have rang the FOS and yes Blackhorse are part of LLoyds however where loans, ppi etc are concerned Blackhorse act in there own right so there is no comeback on Lloyds, so there is nothing that can be done regarding mis-sold ppi etc pre 2005. The FOS will not look at the complaint even tho Lloyds were regulated before 2005. Hope this helps and makes sense lol

    Shame hun.
    Are you prepared to take this the court route?, to know more about this please check out the ppi reclaiming forum hun, I'm sure there are ways around this. Its just another suggestion that's all and I have been told there is not a lot to it really but worth checking upon.;)

    So what your saying is that although Loyds were covered by GISC, Black Horse were not ??
    The one and only "Dizzy Di" :D
  • marshallka
    marshallka Posts: 14,585 Forumite
    roysmissus wrote: »
    Hi i have rang the FOS and yes Blackhorse are part of LLoyds however where loans, ppi etc are concerned Blackhorse act in there own right so there is no comeback on Lloyds, so there is nothing that can be done regarding mis-sold ppi etc pre 2005. The FOS will not look at the complaint even tho Lloyds were regulated before 2005. Hope this helps and makes sense lol
    I would ring again and ask again on this one. Perhaps someone else will tell you different on this. Did you say you wanted to complain about Lloyds trading as Blackhorse.:confused:
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