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Lloyds Business Loan PPI

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I have had my claim for a Lloyds business loan PPI refund with the Financial Ombudsmen for 14 months now, I email them monthly to see if I am any closer to being allocated an Adjudicator, but just get told I am in the queue, they have all the paperwork from Lloyds but cannot give me any time scale as to when my case will be looked at.
Has anyone else waited this long, as I thought there timescale was between 6-9 months?:mad:
:j :j :j :T :T

Comments

  • dunstonh
    dunstonh Posts: 119,781 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Has anyone else waited this long, as I thought there timescale was between 6-9 months?:mad:

    Normally its 3-6 months but delays of 12-18 or even 24 months have been happening.

    Last time I mentioned this in a thread I was rebuked by a few others who said it wasnt taking that long but there have been other posters who have said theirs have gone on as long as yours and still havent had an adjudicator allocated.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • maxdp
    maxdp Posts: 3,873 Forumite
    dorien wrote: »
    I have had my claim for a Lloyds business loan PPI refund with the Financial Ombudsmen for 14 months now, I email them monthly to see if I am any closer to being allocated an Adjudicator, but just get told I am in the queue, they have all the paperwork from Lloyds but cannot give me any time scale as to when my case will be looked at.
    Has anyone else waited this long, as I thought there timescale was between 6-9 months?:mad:

    Hi There. This is not unusual I have waited 16 months for PPI on Barclaycard to be settled and I have a PPI on credit card which has been 16 months up until now and still now been assigned an adjudicator. All with the FOS. We just have to be patient, which I know is difficult when you are needing the money.
    :mad:
  • dorien
    dorien Posts: 277 Forumite
    Thanks for the replies, at least I know its not unusual now, am concerned though that when (and if) the bank charge reclaim floodgates open, it could delay existing claims even more....
    :j :j :j :T :T
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