PPI Reclaiming Discussion part 4

maxdp

FIRST PLUS
Hi all just found this on you tube about first plus concerning interest rates etc
http://www.youtube.com/watch?v=DHzW0u-LQLM

showergirl

Hi everyone,

Nassie has rang A&L this morning and someone should look at her claim today, if not tomorrow at the latest and she should get a response on Friday.

I have told her not to hold her breath as we have heard this all before

maxdp

Fingers crossed for Nassie. Lets hope they get back to her as promised.

showergirl

maxdp wrote: »

Fingers crossed for Nassie. Lets hope they get back to her as promised.

I have got a feeling we are going to have to go to the FOS on this one.

Let's hope I am wrong

amersall

READY FOR A LAUGH? :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:FLA responds to the announcement of the OFT's High Cost Credit Review
Last Updated: 2 July, 2009

Commenting on the OFT’s High Cost Credit Review, Fiona Hoyle, Head of Consumer Finance at the Finance and Leasing Association, said:

“We are surprised that the OFT’s High Cost Credit Review includes the second charge mortgage market. This follows a cross-Government review in 2008, which gave the market a clean bill of health. Since that time there has been a 90% reduction in lending in this market due to a lack of wholesale funding and lenders cannot meet the demand from consumers. The OFT should be focusing on tackling the sectors that present real problems to consumers; this is not one of them.”
:mad::mad::mad: so the secured lenders have a clean bill of health? mine and others were high cost credit, dont we count?:mad::mad: obviously not:p:p:p:p:p

maxdp

amersall wrote: »

READY FOR A LAUGH? :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:FLA responds to the announcement of the OFT's High Cost Credit Review
Last Updated: 2 July, 2009

Commenting on the OFT’s High Cost Credit Review, Fiona Hoyle, Head of Consumer Finance at the Finance and Leasing Association, said:

“We are surprised that the OFT’s High Cost Credit Review includes the second charge mortgage market. This follows a cross-Government review in 2008, which gave the market a clean bill of health. Since that time there has been a 90% reduction in lending in this market due to a lack of wholesale funding and lenders cannot meet the demand from consumers. The OFT should be focusing on tackling the sectors that present real problems to consumers; this is not one of them.”
:mad::mad::mad: so the secured lenders have a clean bill of health? mine and others were high cost credit, dont we count?:mad::mad: obviously not:p:p:p:p:p

Think you summed it up there Amersall:mad:

marshallka

maxdp wrote: »

FIRST PLUS
Hi all just found this on you tube about first plus concerning interest rates etc
http://www.youtube.com/watch?v=DHzW0u-LQLM

Yeah, I saw this one. This is from the complaints website isn't it. I think that their site is more to do with interest rates than PPi from when I joined it some time ago. Also (and I may get slated for this!!:eek:) I once had a fixed rate mortgage and when interest rates went down mine did not and I complained:rolleyes:. I was then told that if i wanted them to go down I had to pay for the privelege and take out a tracker etc. I have had to pay £2000 just to swap to another with my mortgage company now. It swings in roundabouts really. Whilst i do understand the frustrations of BOE rate going down and firstplus not putting theirs down you would only get this on a tracker mortgage which nowadays cost an arm and a leg and can be as much as £5K arrangement. I do think that their rates are OTT though and they did the same with ours. It was mostly after ringing them to ask for a settlement figure (well everytime i did really going by the SAR). I do hope they get their justice with them and interest rates. I really do.

Dreamer06

Hi all. Have received a letter from Ace catalogues this morning about the ppi reclaim. They say that i was offered as an optional service on a non-advised basis on 1st oct 2005 following a phone call to place an order.A copy of t&c's is sent by post, detailing the cancelation rights and that it was up yo me to read to determine whether the policy was suitable for me. I have Rheumatoid arthritis since 2001 so i would not have taken out the policy knowing that there were exclusions on pre existing conditions. I also cancelled this policy in february 2008 when I realised what I was paying for. Can I carry on claiming as they are now tilling me that i can send my complaint to the FOS

amersall

Dreamer06 wrote: »

Hi all. Have received a letter from Ace catalogues this morning about the ppi reclaim. They say that i was offered as an optional service on a non-advised basis on 1st oct 2005 following a phone call to place an order.A copy of t&c's is sent by post, detailing the cancelation rights and that it was up yo me to read to determine whether the policy was suitable for me. I have Rheumatoid arthritis since 2001 so i would not have taken out the policy knowing that there were exclusions on pre existing conditions. I also cancelled this policy in february 2008 when I realised what I was paying for. Can I carry on claiming as they are now tilling me that i can send my complaint to the FOS

yes you go for it, it does not matter if you cancelled, this was not fit for purpose, good luck

Dreamer06

amersall wrote: »

yes you go for it, it does not matter if you cancelled, this was not fit for purpose, good luck

Thanx amersall, will do that now!;)