PPI Reclaiming Discussion part 4

Incipience

Marsh did FP provide the underwriting sheet, showing what commissions it paid to the broker?

dreamer33

Incipience wrote: »

You are right Dreamer, 2 agreements under one.. this is Covered by Section 16 I think, could be 18 I can check.

I will have a look at this, thank you

pinknico

Incipience wrote: »

Yes, that is what I am saying. However you have to argue your point. In a call to the FOS a couple of weeks ago, I reiterated my argument that I was in no way able to know what or who was responsible, and that all the documentation pointed to the Lender.

Furthermore I questioned if the lender has no responsibility then why refer me to the FOS, by that they are admiting some liability in the transaction.

I was then told that if I outlined my complaint as such, then they would have no choice but to send to an adjudicator.

Their words NOT mine.

That is the major point here, "How you word your complaint" so the FOS have to act.

Incipience

Section 18

Incipience

Marsh, I made the decision on my FP issue to pursue legally and can not fully discuss so as not to prejudice my own case or that of FP.. as you can be sure they are reading this.

pinknico

dreamer33 wrote: »

I will have a look at this, thank you

Also dreamer if this was a consolidated loan and individual payments were made to other companies from the loan, I think this makes it a multiple agreement.Restricted credit.

Incipience

Pink yes this is also another argument especially as you mentioned if they give you cheques to pay other companies that it could be deemed that each cheque is in fact a seperate agreement which could bring the whole contract under the CCA 1974 act on the proviso that the capital minus the cheque amounts fall below £25k

marshallka

Incipience wrote: »

Marsh did FP provide the underwriting sheet, showing what commissions it paid to the broker?

Yep and just 5% of the loan and nothing paid for selling the PPI (yeah right:rolleyes: ).

amersall

thanks for that incipience, much appreciated. iwant to see this company get whats coming to it.and i will do anything i can to help that

Incipience

So who got the Commission for the sale of PPI from the Insurer? because Firstplus were the intermediary in the sale of insurance so you can assume they got it. Perhaps its time to SAR the insurer. If the broker had not got commission in the sale then how could they be responsible for the sale.

Contact the insurer and ask them who they paid.. this is all vital evidence to back up your case.. if FIRSTPLUS did not disclose who they paid for the sale, and the Insurer say they paid FIRSTPLUS, then firstplus can not now disclose details of payment to the broker, for this would make them in breach of the DPA for not disclosing all the details.

Marsh, you got a case.