picture finance gone bust wheres my ppi???

mthead

hi all i put a claim in for reimbursement of ppi paid on a loan from picture finance,this was started in oct 2007,all letters of this site etc were sent then it went to the financial ombudsman,they received it in feb 2008,i was passed on to 3 different people within ombudsman who were dealing with the case,i received a letter stating picture should reimburse be,as i had a strong case,then on 14 aug 2008 i recieve a letter stating picture have basically gone bust and cant pay and stopped trading!!!now my claim goes to financial services compensation scheme,this is gonna start the process all over again and i was advised it would take 6-9months to get a decision if i will get anything back,will i get anything back and why has it took ombudsman so long??they must have an idea of a "struggling company"who may be in financial difficulty and may not be able to trade,or maybe im just too suspicious????????????????????????????????

Dez-Titute

Oh dear I have a secured loan with them

pinknico

mthead wrote: »

hi all i put a claim in for reimbursement of ppi paid on a loan from picture finance,this was started in oct 2007,all letters of this site etc were sent then it went to the financial ombudsman,they received it in feb 2008,i was passed on to 3 different people within ombudsman who were dealing with the case,i received a letter stating picture should reimburse be,as i had a strong case,then on 14 aug 2008 i recieve a letter stating picture have basically gone bust and cant pay and stopped trading!!!now my claim goes to financial services compensation scheme,this is gonna start the process all over again and i was advised it would take 6-9months to get a decision if i will get anything back,will i get anything back and why has it took ombudsman so long??they must have an idea of a "struggling company"who may be in financial difficulty and may not be able to trade,or maybe im just too suspicious????????????????????????????????

Hi I have just put in a claim and was sent straight to the fscs and was told
that it would take 6 months or so, Picture have not been declared in default yet or so I believe .But if you have got a rightful claim the fscs should pay up but with limitations along the lines of the first £2000 and then a part of every other £100 but i'm not that clear on that part.

geoffky

What Could They Have Done If They Knew They Were In Trouble? A Process Have To Be Gone Through..

mthead

i feel i have been rape yet again( inc bank charges on hold)
i agree with process time,but they took my money same day!!!

wolfchick

What does this mean if you have a secured loan with them???

DwainDibley

I've just visited their website and it says it's 'under construction' and will relaunch next month - and that picture aren't accepting any new loans! Looks like something's happening - which is a bit of a worry as my wife has a loan with them... and it's in my name too!

MABLE

At least we will not have to put up with any more of annoying ads.

daveboy

MABLE wrote: »

At least we will not have to put up with any more of annoying ads.

On this rare occasion MABLE, I actually agree with you.

MABLE

daveboy wrote: »

On this rare occasion MABLE, I actually agree with you.

Oh dear thats not good

roger1973

got a loan with picture 3 years ago for £25500 being paying it and asked for a settlement figure which i received today for £33,133.01 can this be right?