PPI Reclaiming Discussion part 4

di3004

livylegs wrote: »

hiya guys,

I had a letter from the FOS today saying that FP disagrees with their findings, it is willing to make an offer in line with the FOS recommendations, save for the payment of distress and inconvience, in full and final settlement of the complaint. FP is making this offer as a gesture of goodwill without any admission of liability.:mad:

FOS saying I need to consider this offer. This offer from FP is less than redress that I indicated in my assessment and and this payment doesnt include payment for distress and inconvience:mad:

its also says...
your case could be referred for an ombudsmans final decision in which case I consider it likely that an award would be made for distress and inconvience not with standing this you may wish to consider this offer?

the compensation amount the FOS asked for was £500

so am I right in thinking that they offer is lower than the FOS asked for and they not paying compen out?

Do you think the FOS seem confident that I will get the whole lot of if I ask the FOS for final decision? I am scared they go with FP and I get nothing

Help please lol

thanks Livy.xxx

Hi Livy

Sorry to hear of your ordeal here.

And please wait for other opinions as well before you make a decision.

Right if this was me, then personally I would not take this offer, I bet there is a huge difference in the amounts there as well, if you want to bear with this longer, and not satisfied then the adjudicator will move this on for you, if this is the case, let the FOS your not happy with this offer and feel you are going to be well out of pocket with this low offer, and you still stand on the same ground that you were mis sold this policy, where you want this moved on to the ombudsman.

It is your choice here hun, but personally as this is my opinion only, I would fight for every penny.;)

Good luck.

livylegs

hiya di hun thanks so much,

I think I will turn this offer down as you probs right it will most likely but loads less mind i have no idea how much the offer was for as it wasnt in the letter,
would I get nothing if the FOS final decision is in favour on FP?
Also hun what do you mean other options before I make decision?
I wonder how long it takes from now until the final decision as I want to take my kids away in the 6 weeks hols as a treat lol

thanks.xxxx

weeang_2

Hi Guys I took a loan out with FF on 07/05/05 FIRST PAYMENT TAKEN 30/06/09 GE money took the payments each money I wrote to GE back in March they wrote back to say that FF were the broker that sold me the PPI i should take it up with them.Got 2 letters one saying they will write to me by 03/06/09 with a final answer.Reading some of the threads today I am quite disheartened as FF seem to be passing the buck.
Does it go by when you got the loan etc.

Was getting quite excited as I only had 13 days to go now think I wont get anything.

Please advise

amersall

livylegs wrote: »

hiya guys,

I had a letter from the FOS today saying that FP disagrees with their findings, it is willing to make an offer in line with the FOS recommendations, save for the payment of distress and inconvience, in full and final settlement of the complaint. FP is making this offer as a gesture of goodwill without any admission of liability.:mad:

FOS saying I need to consider this offer. This offer from FP is less than redress that I indicated in my assessment and and this payment doesnt include payment for distress and inconvience:mad:

its also says...
your case could be referred for an ombudsmans final decision in which case I consider it likely that an award would be made for distress and inconvience not with standing this you may wish to consider this offer?

the compensation amount the FOS asked for was £500

so am I right in thinking that they offer is lower than the FOS asked for and they not paying compen out?

Do you think the FOS seem confident that I will get the whole lot of if I ask the FOS for final decision? I am scared they go with FP and I get nothing

Help please lol

thanks Livy.xxx

hi there, you need to find out what this offer is before you make a hasty decision, di is right the money is yours, so find out what they are actually offering you, then post it on here and someone will help you, good luck and keep us posted, well done getting one over on fp!!!

tiggrae

babyj9 wrote: »

Hi all, I am in need of some advice please as getting very confused. I am trying to reclaim for PPI on a loan I took out in May 2001. I purchased a car on HP at Hartwell Ford and the finance was arranged with GE Money. I completed the payments in April 2006 and shortly after began trying to reclaim my ppi - £50 per month. Initially I approached GE Money with the template letter from this site and was told that I need to take the issue up with Hartwell Ford. I contacted Hartwell who have told me that they wern't covered by the FSA at that time and so I have no claim.
Firstly, should I be pursuing Hartwell or GE Money? And in which case what should be my next move? As far as I am aware Hartwell where not covered by the FLA either??
Any advice would be much appreciated - many thanks all x

Hi it would be Hartwell you pursued as they 'sold' the policy to you, however, as the policy was sold in 2001, that's 8 years ago and the Statute of Limitations Act 1980 limits the claim of a 'debt' to 6 years. As Hartwell weren't covered by the Financial Services Authority you couldn't take your claim to the Financial Ombudsman, but you could start proceedings in the County Court. If you do you unfortunately run the risk of Hartwell applying to have the claim struck out as being 'time barred' and as such you run the risk of losing the claim and having to pay the defendants costs - which won't be insubstantial !!!

tiggrae

weeang wrote: »

Hi Guys I took a loan out with FF on 07/05/05 FIRST PAYMENT TAKEN 30/06/09 GE money took the payments each money I wrote to GE back in March they wrote back to say that FF were the broker that sold me the PPI i should take it up with them.Got 2 letters one saying they will write to me by 03/06/09 with a final answer.Reading some of the threads today I am quite disheartened as FF seem to be passing the buck.
Does it go by when you got the loan etc.

Was getting quite excited as I only had 13 days to go now think I wont get anything.

Please advise

your shouldn't have to much trouble - if they deny your claim (as is standard) as your loan was taken out after the 12.01.2005 (which is when they came under the compulsory jurisdiction of the Financial Ombudsman Service) you can take your complaint to them !!

tiggrae

amersall wrote: »

hi there, you need to find out what this offer is before you make a hasty decision, di is right the money is yours, so find out what they are actually offering you, then post it on here and someone will help you, good luck and keep us posted, well done getting one over on fp!!!

I agree - you need to check you've got your calculation correct before you reject the offer - if you have then definately reject it - but if it has to go to the main ombudsman (your case will be currently being dealt with by an adjudicator) it could take another 6 months before he is able to rule !!

amersall

tiggrae wrote: »

I agree - you need to check you've got your calculation correct before you reject the offer - if you have then definately reject it - but if it has to go to the main ombudsman (your case will be currently being dealt with by an adjudicator) it could take another 6 months before he is able to rule !!

isnt it a pain in the neck when you have to wait a long time, you would think the fos could operate a faster system than the one they have got!! this is like the inland revenue, if you owe tax you must pay it back straight away, but if they owe you a refund you have to wait, suppose its all par for the course lol good job we brits are patient. (up to a point)

di3004

livylegs wrote: »

hiya di hun thanks so much,

I think I will turn this offer down as you probs right it will most likely but loads less mind i have no idea how much the offer was for as it wasnt in the letter,
would I get nothing if the FOS final decision is in favour on FP?
Also hun what do you mean other options before I make decision?
I wonder how long it takes from now until the final decision as I want to take my kids away in the 6 weeks hols as a treat lol

thanks.xxxx

Hi hun

You do what you feel is right.;)

If your current financial situation has worsened, let the adjudicator know, and request if this could be fast tracked, then their manager will take a look and consider this, if they agree they should move your case on quicker for you to the ombudsman.
Good luck.;)X

tiggrae

amersall wrote: »

isnt it a pain in the neck when you have to wait a long time, you would think the fos could operate a faster system than the one they have got!! this is like the inland revenue, if you owe tax you must pay it back straight away, but if they owe you a refund you have to wait, suppose its all par for the course lol good job we brits are patient. (up to a point)

it is - but in saying that they do do a good job !!! Their big problem is being innudated with complaints and being understaffed - at the moment I believe they are only starting to deal with complaints from March of 2008 !!!!