PPI Reclaiming discussion Part III

pinknico

Credit-Crunched wrote: »

"at the end they said they would be willing to make a settlement offer of £750 if I concluded the matter. I considered it and decided to accept. I posted a reply back on Nov 21st signing the consent form and waited... Until today. December 16th I receive a letter from RBS saying basically "You have a capital and interest loan - the settlement offer you received was sent in error and we retract it. We unreseverdly apologize."

Take them to court, simple.

A contract consists of (simply) offer, consideration and accepetance.
This is deemed a contract
£750 = offer and consideration, you accepting this offer makes it legally binding.
Full stop.

If court terrifies you call the FOS!

liquidtmd

pinknico wrote: »

Sorry but why does the fact you have a capital and interest loan affect the offer and what are they recalculating such loans for?

I have no idea! This is the thing, I was upfront and honest with all details during the investigation forms I provided. They considered it, made me an offer and now have retracted it three weeks later saying pretty much " It's a capital and interest loan - the letter shouldn't have been sent "

The settlement letter, which eventually made me the offer, was FIVE PAGES LONG. Sent in ERROR???

jadest

I am in process of trying to claim PPI back from 3 companies all currently waiting for FOS to deal with but then today had a letter from FOS saying that one company London Scottish have gone into recievaship. They have said they are not sure how this will affect my claim but will let me know in the next 4 weeks... I just wondered if anyone had ever been in the same possition and if they could tell me what happened to there claim?

any info would be greatly appreciated

Thanks Jules:rolleyes: :rolleyes: :rolleyes:

Credit-Crunched

I would not worry about it and just take it up with them, ask for their legal point of view, listen to them squirm!

Credit-Crunched

"I am in process of trying to claim PPI back from 3 companies all currently waiting for FOS to deal with but then today had a letter from FOS saying that one company London Scottish have gone into recievaship. They have said they are not sure how this will affect my claim but will let me know in the next 4 weeks... I just wondered if anyone had ever been in the same possition and if they could tell me what happened to there claim?

any info would be greatly appreciated"

contact london scottish and see if their book is being serviced by anyone?

if they have literally folded and all debts are now with insolvency practioners then you may have a problem.

pinknico

liquidtmd wrote: »

I have no idea! This is the thing, I was upfront and honest with all details during the investigation forms I provided. They considered it, made me an offer and now have retracted it three weeks later saying pretty much " It's a capital and interest loan - the letter shouldn't have been sent "

The settlement letter, which eventually made me the offer, was FIVE PAGES LONG. Sent in ERROR???

Please if you can't sort this out with the RBS, call the FOS or FSA and make a BIG fuss. You have signed for it they cant retract it.

liquidtmd

Credit-Crunched wrote: »

"at the end they said they would be willing to make a settlement offer of £750 if I concluded the matter. I considered it and decided to accept. I posted a reply back on Nov 21st signing the consent form and waited... Until today. December 16th I receive a letter from RBS saying basically "You have a capital and interest loan - the settlement offer you received was sent in error and we retract it. We unreseverdly apologize."

Take them to court, simple.

A contract consists of (simply) offer, consideration and accepetance.
This is deemed a contract
£750 = offer and consideration, you accepting this offer makes it legally binding.
Full stop.

Thats how I'm leaning. The letter they sent today "...unreservedly apologizes that the offer was made " and the it is an error on part of RBS. The fact that they said they " have no time scale on recalculation " (and as someone pointed out, why this affects the claim anyway) makes it worse

pinknico

jadest wrote: »

I am in process of trying to claim PPI back from 3 companies all currently waiting for FOS to deal with but then today had a letter from FOS saying that one company London Scottish have gone into recievaship. They have said they are not sure how this will affect my claim but will let me know in the next 4 weeks... I just wondered if anyone had ever been in the same possition and if they could tell me what happened to there claim?

any info would be greatly appreciated

Thanks Jules:rolleyes: :rolleyes: :rolleyes:

What year did you deal with London Scottish?

jadest

pinknico wrote: »

What year did you deal with London Scottish?

My loan was taken out with them in 2006 but PPI misold claim was place in July and is now with FOS:rolleyes:

liquidtmd

pinknico wrote: »

Please if you can't sort this out with the RBS, call the FOS or FSA and make a BIG fuss. You have signed for it they cant retract it.

I fully intend to. Usually I'm the most patient guy but I was truly shocked today. Even if they had turned round in November and rejected my claim having considered all the evidence I could have understood to consider my options, but the fact they said "Yes, we agree to a settlement" and then turn round three weeks later (having already waited eight weeks for a reply) to say "Whoops, we shouldn't have sent that - we don't know when (or if) we will make you another offer" has made me very annoyed.

I'm going to call RBS and demand a full explanation tomorrow, but would people say the FOS is the best way to go?