PPI Reclaiming Discussion part 4

pinknico

Won Hubbys PPI back for him today from Capital one Creditcard.

di3004

mac666 wrote: »

Hi all, just a quick update on the last claim against halifax.
I had the a offer back today:T
Thay say i'll get the paper work for a new loan in the next 21 days.
I'll be having a good look at it to see what interest rate thay what to charge me!
Thanks again for all your help.
:T:T:T:T:T:T:T Mike

Mike this is brilliant, Congratulations :T :beer: .
Remember if you've not done so yet, post up on the success thread as well.

Well done !:beer:
Di
X

di3004

pinknico wrote: »

Won Hubbys PPI back for him today from Capital one Creditcard.

Congratulations Pinknico :T :beer: , I bet he is over the moon ?:D :T
Well done & great work, keep it up. XXX

sacbaby37

Evening all, i have been offered 50% of my PPI back from cap one what are the chance of me getting it all back?, and i recieved my statements from citi and they only sent statements from 2002 and i know there was more before that caus the first statment shows i was given a late payment charge from the month before, very strange, also for the first 6 months i was paying PPI and then after that no PPI was being taken, what is that all about? do you think that they have been fiddling my statments, any suggestions please. xxx sarah.

Incipience

marshallka wrote: »

amersall. Uk secured lending is to do with Barclaycard

Radley has been appointed Managing Director of UK Secured Lending (Barclaycard) which encompasses FIRSTPLUS – the UK’s leading prime secured lender, and its sister company Broker Ridge. (old story though and not from today!!!!)

http://www.mortgageintroducer.com/story.asp?storycode=19621

Broker Ridge were the company that FIRSTPLUS outsourced the Call Centre to, they were also responsible for re-brokering loan leads to other companies, all a part of the Barclays Group.. BrokerRidge changed its name to Fair & Square and became a secured loan lender, and FIRSTPLUS injected over £1m into Fair And Square in March 2008, just 5 months before FAIR AND SQUARE also stopped selling loans.

The last company accounts for FIRSTPLUS should a loss of over £30m, they were holding around £22m, however if they post another loss then without help from its parent company, they will have an insolvent balance sheet.

It could be thought that Barclays intend to try again to sell off the toxic loan book at a discounted rate. It could also therefore be assumed that FIRSTPLUS will simply refer all complaints to the ombudsmen, as current complaints are looking at a year for resolve, when and if they sell it on.. then whoever picks it up will have the complaints to deal with.

Cynical, yes.. possible yes.

Time will tell once they publish there next set of accounts, because another posted loss will no doubt have a drastic effect on the Barclays Share Price, so it makes sense to get rid of the company some how.

Where does that leave you the customer.. Still eligible to pay the debt, and you will be subject to whatever interest rate they decide. Thats right, the FIRSTPLUS contract states variable, and has no basis of calculation.. It does not follow any RATE, FIRSTPLUS rates are made up as they go along.

Thats why you must not sit back and let it happen. Can you imagine paying a loan for the next 10 or 20 years at an interest rate higher than a bad credit card?

You have to make your stance now. Contact Media, Press, MPs, and complain to every regulator out there... This amount of bad press would make any buyer think twice about taking on such baggage.

Do not expect others to fight for you.. this is your life.. and it is you who must deal with it.

Know that you are not alone.

maxdp

WELL DONE PINKNICO. Drinks on you.

marshallka

Incipience wrote: »

Broker Ridge were the company that FIRSTPLUS outsourced the Call Centre to, they were also responsible for re-brokering loan leads to other companies, all a part of the Barclays Group.. BrokerRidge changed its name to Fair & Square and became a secured loan lender, and FIRSTPLUS injected over £1m into Fair And Square in March 2008, just 5 months before FAIR AND SQUARE also stopped selling loans.

The last company accounts for FIRSTPLUS should a loss of over £30m, they were holding around £22m, however if they post another loss then without help from its parent company, they will have an insolvent balance sheet.

It could be thought that Barclays intend to try again to sell off the toxic loan book at a discounted rate. It could also therefore be assumed that FIRSTPLUS will simply refer all complaints to the ombudsmen, as current complaints are looking at a year for resolve, when and if they sell it on.. then whoever picks it up will have the complaints to deal with.

Cynical, yes.. possible yes.

Time will tell once they publish there next set of accounts, because another posted loss will no doubt have a drastic effect on the Barclays Share Price, so it makes sense to get rid of the company some how.

Where does that leave you the customer.. Still eligible to pay the debt, and you will be subject to whatever interest rate they decide. Thats right, the FIRSTPLUS contract states variable, and has no basis of calculation.. It does not follow any RATE, FIRSTPLUS rates are made up as they go along.

Thats why you must not sit back and let it happen. Can you imagine paying a loan for the next 10 or 20 years at an interest rate higher than a bad credit card?

You have to make your stance now. Contact Media, Press, MPs, and complain to every regulator out there... This amount of bad press would make any buyer think twice about taking on such baggage.

Do not expect others to fight for you.. this is your life.. and it is you who must deal with it.

Know that you are not alone.

thanks for that info;)

pinknico

After going to the FOS ,Capital One contacted me as soon as FOS asked for information from them.Took less than 4 weeks.

dreamer33

pinknico wrote: »

Won Hubbys PPI back for him today from Capital one Creditcard.

Well done pinknico:beer: :beer:

sacbaby37

maxdp wrote: »

WELL DONE PINKNICO. Drinks on you.

congrats pink.xxx sarah:j