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  • FIRST POST
    • zzharia
    • By zzharia 12th Jan 18, 4:09 PM
    • 11Posts
    • 2Thanks
    zzharia
    I Group -GE Money PPI any successes ?
    • #1
    • 12th Jan 18, 4:09 PM
    I Group -GE Money PPI any successes ? 12th Jan 18 at 4:09 PM
    Hi

    I had a secured loan with I-group which was completed through a broker , a lump sum was paid for a PPi that covered for 5 years .

    The broker is no longer trading , the original loan was with I Group then Ge Money and more recently Elderbridge Ltd.

    I have seen loads of threads regarding I Group and the miss-selling of PPI , but i have yet to see any successful reclaims .

    Has anybody had any positive outcomes reclaiming ? , any useful information would be appreciated .
Page 1
    • societys child
    • By societys child 12th Jan 18, 4:15 PM
    • 4,952 Posts
    • 5,423 Thanks
    societys child
    • #2
    • 12th Jan 18, 4:15 PM
    • #2
    • 12th Jan 18, 4:15 PM
    Any responsibility for the sale would be with whoever sold it to you, in this case, the broker, but as they are no longer trading there's no one to complain to.

    • zzharia
    • By zzharia 12th Jan 18, 4:32 PM
    • 11 Posts
    • 2 Thanks
    zzharia
    • #3
    • 12th Jan 18, 4:32 PM
    • #3
    • 12th Jan 18, 4:32 PM
    Any responsibility for the sale would be with whoever sold it to you, in this case, the broker, but as they are no longer trading there's no one to complain to.
    Originally posted by societys child
    Thats what I thought, I have just phoned the FOS for some guidance but advice wasnt very helpful . They told me to complain to Elderbridge Ltd and wait 8 weeks and if not happy to go back to them ....
    • dunstonh
    • By dunstonh 12th Jan 18, 4:44 PM
    • 90,377 Posts
    • 57,171 Thanks
    dunstonh
    • #4
    • 12th Jan 18, 4:44 PM
    • #4
    • 12th Jan 18, 4:44 PM
    Thats what I thought, I have just phoned the FOS for some guidance but advice wasnt very helpful . They told me to complain to Elderbridge Ltd and wait 8 weeks and if not happy to go back to them ....
    Originally posted by zzharia
    Did you tell them you used a broker? They should have told you to complain the broker anf if the broker no longer existed but the sale was after Jan 2005, then you can refer to the FSCS.

    If after all that, they told you to go to Elderbridge then that is a probably an attempt at a plevin outcome as there is some joint liability on that. However, the lender has no responsibility for the actions of the broker.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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