Companies in Default/FSCS Claims - Picture, London Scottish, Twopart

busbyh

pengi wrote: »

Hi All
Have just spoken to a very helpful lady at Deloitte. Thay also want details of who we remortgaged to reapy our picture loan. She explained that this was becaiuse the debt of the PPI was effectively still being carried on and they need the interest rate being paid on the remortgage so they could calculate the rebate on the PPI still being paid for!

This sounds positive as i thought they would stop calculating the rebate on the date we paid of the loan.

Does that make sense?

They also want copies of any documentaion relating to the original loan.

That sounds really good to me pengi, I also thought we were going to lose out there. But when you think about it, it does make sense as we are still paying the interest to the new lender. We have been paying this since last November:beer: that's an extra 10months to date:beer:

di3004

marshallka wrote: »

Di, just reread it now.

The first one was brokered through twopart and then the second was nemo direct. Its the first one you have a FSCS complaint with isn't it?? I would say they want to know how much was carried over onto the Nemo loan when you had it....how much you actually settled with.

Yes Marshallka, your correct, its that of the first loan that was arranged with Twopart, this is what baffled me when deloittes have asked for the 2nd loan details (Nemo) where this have already been resolved, yet they should already be aware of this as I sent them details in regards of this one in copies in the application form, just in case, and a statement made by the FOS that for the first loan ppi is to pursue Twopart/eloan....

marshallka

pinknico wrote: »

Not really sure what you mean Marshallka but I hope you can help me.

Ok in the beginning you have a loan with PPI . Using pretend figures say the loan was 10,000 and PPI 3000.So far been paid for 2 years.

Only concentrating on the PPI you have been charged interest on this £3000 for 2 years.

The FSCS are giving back that interest charged on the PPI for 2 years ?

They are refunding the £3000 which can now come off the loan so no more interest will be charged on it?

So what other money should I be fighting for ( because I want whats owed!)

Also
Mammamia had already cancelled her PPI so not sure why her monthly payments have gone down again? What have Picture done to her loan if we have been given all PPI and interest paid so far?

Counting on you Marshallka to get rid of my headache!

I know we wont get back all payments made towards the PPI because we are getting back ALL PPI,

Yeah you are right here Pinknico. I was wrong. I have proved myself wrong but had to do it....;)

marshallka

di3004 wrote: »

Yes Marshallka, your correct, its that of the first loan that was arranged with Twopart, this is what baffled me when deloittes have asked for the 2nd loan details (Nemo) where this have already been resolved, yet they should already be aware of this as I sent them details in regards of this one in copies in the application form, just in case, and a statement made by the FOS that for the first loan ppi is to pursue Twopart/eloan....

Its cause at the beginning of the second loan wasn't that opened with a balance from the first one??

Pengi above has just stated this

Have just spoken to a very helpful lady at Deloitte. Thay also want details of who we remortgaged to reapy our picture loan. She explained that this was becaiuse the debt of the PPI was effectively still being carried on and they need the interest rate being paid on the remortgage so they could calculate the rebate on the PPI still being paid for!

di3004

marshallka wrote: »

Its cause at the beginning of the second loan wasn't that opened with a balance from the first one??

Yes it was wasn't it, they carried it over, minus the rebate, where you worked out approx £800 to come back.;)

marshallka

busbyh wrote: »

That sounds really good to me pengi, I also thought we were going to lose out there. But when you think about it, it does make sense as we are still paying the interest to the new lender. We have been paying this since last November:beer: that's an extra 10months to date:beer:

Thats great news for you bushbyh...:j:beer:

di3004

marshallka wrote: »

Its cause at the beginning of the second loan wasn't that opened with a balance from the first one??

Pengi above has just stated this

Have just spoken to a very helpful lady at Deloitte. Thay also want details of who we remortgaged to reapy our picture loan. She explained that this was becaiuse the debt of the PPI was effectively still being carried on and they need the interest rate being paid on the remortgage so they could calculate the rebate on the PPI still being paid for!

Arh right, hmmm, having another dizzy moment here......:o, so that would also go for a loan advance then as well??

marshallka

di3004 wrote: »

Yes it was wasn't it, they carried it over, minus the rebate, where you worked out approx £800 to come back.;)

That is what you should have back but going by this on here you may get loads more....although they should be able to work this from your opening balance. You certainly will not lose out Di.

di3004

marshallka wrote: »

That is what you should have back but going by this on here you may get loads more....

Saying that, the FOS did solve the 2nd one with mine.;)
I think I'm getting the drift now though.

marshallka

di3004 wrote: »

Arh right, hmmm, having another dizzy moment here......:o, so that would also go for a loan advance then as well??

Not sure what you mean here Di... I am forever having dizzy moments...