PPI Reclaiming Discussion part 4

pinknico

Not surprised you were worried beaniebabe, its been non stop hassle so far dealing with Picture and the FSCS, lets hope the article is true and the first payouts will be this month.xx

jadest

marshallka wrote: »

I think this once happened with Firstplus too and then there was a rush of FIrstplus redress's. I think they will be coming to some sort of arrangement with Ocean re complaints maybe.

Thank you ... I hope it gets soretd soon.... al my 3 claims have been with FOS or FCSC over a year I think it would be lovely if I actually managed to win some-thing getting really dis-heartened now. laons.co.uk as been up-held twice by 2 different Adjudicators the first time in March 2009 and they are still giving loans.co.uk more time and it still hasn't been given to ombudsman which they told me it would back in June. and now this one (Ocean Finance) has got a Hold on it... not having much luck... The one with the FCSC for London Scottish is being dealt with they said but they have been saying that since February... now they are saying they have so many cases to deal with it could take upto 12 month after form went in so could be another 4 months yet as form didn't go in till November 2008. Sorry that is my moan for today... just a little fed-up with it all....

marshallka

jadest wrote: »

Thank you ... I hope it gets soretd soon.... al my 3 claims have been with FOS or FCSC over a year I think it would be lovely if I actually managed to win some-thing getting really dis-heartened now. laons.co.uk as been up-held twice by 2 different Adjudicators the first time in March 2009 and they are still giving loans.co.uk more time and it still hasn't been given to ombudsman which they told me it would back in June. and now this one (Ocean Finance) has got a Hold on it... not having much luck... The one with the FCSC for London Scottish is being dealt with they said but they have been saying that since February... now they are saying they have so many cases to deal with it could take upto 12 month after form went in so could be another 4 months yet as form didn't go in till November 2008. Sorry that is my moan for today... just a little fed-up with it all....

Just keep at them jadest, it will pay off in the end I am sure.:cool:

jadest

cot1198 wrote: »

Hi pammie

just done a search on Companies website for Ocean Finance this is the info on there

Name & Registered Office:
OCEAN FINANCIAL SERVICE LTD
118 STEPNEY WAY
LONDON
E1 3BG
Company No. 06368634



Status: Dissolved 05/05/2009
Date of Incorporation: 12/09/2007

Country of Origin: United Kingdom
Company Type: Private Limited Company
Nature of Business (SIC(03)):
None Supplied
Accounting Reference Date: 30/09
Last Accounts Made Up To: (NO ACCOUNTS FILED)
Next Accounts Due:
Last Return Made Up To:
Next Return Due:
Previous Names:
Date of change Previous Name
14/03/2008 OCEAN MORTGAGES & FINANCE LIMITED

Sorry to be a little stupid but... what does all that mean... The FOS only said that the claims were on hold pending Ocean Finance re-visiting there status on the claims against them.... All this about them being dissolved I haven't a clue what thats about.

jadest

pammie39 wrote: »

hello everyone
haven't been on here for a while, other problems, so on a different foram (but same great site).
i was about to say that i have given up on ocean finance ppi claim, but just noticed a post from -jadest-. i cant find the original post, so if someone can tell me more about this i would be greatfull.

jadest---hi what is happening with your claim, as i was told OF were in liquidation, so no claim to be made

cheers all


p.s-- could someone tell me how to get one of those signature things at the bottom of your posts (sorry i know its off subject)

Hi sorry only just seen your post... I didn't know that Ocean Finance were in liquidation.... The Adjudicator in my case just said that claims had been put on hold as Ocean Finance were re-assessing there possition in the matter. When did they go into liquidation? and I wonder why the Adjudicator didn't tell me that they had.

scouse1_2

I sent barclaycard a request for my ppi payments to be returned as i believed i had been missold the policy.In return they sent me a complaint questionnaire.As i didnt know the answers to some of the questions i neglected to fill this in a few months have passed by since i first made the claim.Was this a delaying tactic and should i just threaten the next coarse of action which is the ombudsman....???

di3004

scouse1 wrote: »

I sent barclaycard a request for my ppi payments to be returned as i believed i had been missold the policy.In return they sent me a complaint questionnaire.As i didnt know the answers to some of the questions i neglected to fill this in a few months have passed by since i first made the claim.Was this a delaying tactic and should i just threaten the next coarse of action which is the ombudsman....???

Hi and welcome.;)

They should have still investigated by the 8 weeks.
Did you send back the questionaire despite not completing this and letting them know that you have not completed with your reasons.

If this loan was taken out within the last 6 years in England and Wales, Scotland 5 years they should hold your details within that time.

As long as 6 months have not gone by then I would go to the FOS and let them know you have not heard anything further from the business.
Good luck.

cot1198

jadest wrote: »

Sorry to be a little stupid but... what does all that mean... The FOS only said that the claims were on hold pending Ocean Finance re-visiting there status on the claims against them.... All this about them being dissolved I haven't a clue what thats about.

Hi jadest

the information I posted for pammie39 was regarding Ocean Finance who are in liqudation the company I have claims with is Ocean Finance and mortgages and the two companies are not connected in anyway

StiffeeSpamhead

Hi all..

bit of a lurker and never really felt compelled to do much about my finances.. mainly because I didn't realise I could (knowledge is power and all that!)..

I've had a number of loans through Egg and Barclays.. I don't seem to have the paperwork for the Barclays ones but do have some for the Egg ones..

Trouble is they date back to 1999 through to 2003 when I took out my last loan.. My main issue with each of the loans is that I didn't realise I could take the loan without the Loan Payment Protection (in fact I though they were doing me a favour as on some of the loans they put a 180 day excess period on as my work paid me in full for 6 months sick).. I certainly would have taken the insurance elsewhere! - I'm assuming this is an example of the miss-selling being referred to?

Now I have a couple of questions.. due to the age of the loans they're not covered by the stipulated period of miss-selling so does this mean it's not worth pursuing? I have the paperwork (incl. the agreements) for some of the loans but not all of them.. if I have the paperwork. and they don't.. is this strong enough evidence?

Do I need to submit the 'claim' for each loan seperately? Or should I include them in one 'job-lot' as it were?

EDIT: Found my Barclays loans and I took all these unprotected (believing I had enough other resources to clear loans - exactly the same circumstances I took my Egg loans out with!)

di3004

StiffeeSpamhead wrote: »

Hi all..

bit of a lurker and never really felt compelled to do much about my finances.. mainly because I didn't realise I could (knowledge is power and all that!)..

I've had a number of loans through Egg and Barclays.. I don't seem to have the paperwork for the Barclays ones but do have some for the Egg ones..

Trouble is they date back to 1999 through to 2003 when I took out my last loan.. My main issue with each of the loans is that I didn't realise I could take the loan without the Loan Payment Protection (in fact I though they were doing me a favour as on some of the loans they put a 180 day excess period on as my work paid me in full for 6 months sick).. I certainly would have taken the insurance elsewhere! - I'm assuming this is an example of the miss-selling being referred to?

Now I have a couple of questions.. due to the age of the loans they're not covered by the stipulated period of miss-selling so does this mean it's not worth pursuing? I have the paperwork (incl. the agreements) for some of the loans but not all of them.. if I have the paperwork. and they don't.. is this strong enough evidence?

Do I need to submit the 'claim' for each loan seperately? Or should I include them in one 'job-lot' as it were?

Hello and welcome.

I would personally give them all a go, if you have the paperwork then that is fine.

If you were sold by a bank then you should be okay, claiming back further than 6 years, I was successful with one of mine (lloyds tsb) and that was a 2001 sale, yet some others on here have been successful with earlier reclaims.;)

With your reasons write to them and complaint, tell them you want the all the PPI you have paid, plus interest and an extra 8% interest of what a court would award.
They have 8 weeks in full to respond, keep at them until they resolve in your favour, or until they issue you with the final response.
The final details should give details of the financial ombudman service (FOS), if eligible you should be able to complain to the FOS, if your not happy with the outcome of your complaint.
Post all letters by recorded delivery.
More info on this link here with templates and checklist of mis selling reasons, if any of them occur to you as well as the reasons as you have posted in your above post add them as well.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

You do not need to write the figures down at this point.

If you require paperwork for the ones you have not got now, you could actually request a Subject access request (SAR), however they may only go back as far as 6 years with your information, but again I was lucky to receive information on mine going back to the late 90's.
There is a charge of £10 postal order or cheque payment for this request, they must comply by 40 days, again post by recorded delivery.
Link to SAR template here:
http://forums.moneysavingexpert.com/showthread.html?t=1475553

If you no account number to put on the SAR, give them as much details as possible, to make it easier for them to track your information down, such as dates/year of when the finance was taken out, any different address at the time and surnames.
Hope this helps, good luck.;)