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

di3004

busbyh wrote: »

I see you've got the posts back on a roll mammiamia- thanks:D

Mammamia cool isn't she?:D:j:j
A godsend to us FSCS reclaimers lol :T:T

Mammamia

di3004 wrote: »

I think we all have these regrets and we all learn by them.;)
It's scary isn't it?

Very scary. One good thing that will hopefully come out of all this is that my teenage children will think twice before getting into any debt. They have seen what a struggle it has been for me and my hubby.

di3004

Mammamia wrote: »

Very scary. One good thing that will hopefully come out of all this is that my teenage children will think twice before getting into any debt. They have seen what a struggle it has been for me and my hubby.

That is very true Mammamia
I have made my 2 aware of our issues and not so much the younger one but my oldest who is almost 21, I tell him to take note, as he made a slight mistake the other week, he nipped to town for a new moby as his other has conked out and they sold him the insurance.....:eek:, I told him off and said "what did I tell you"? that was it I made him cancel it straight away as I have all phone protected anyway and for damage etc.

Lets hope now he have really learnt, I hope so.

busbyh

Mammamia wrote: »

I haven't heard of anyone else, but I'm sure that I am not the only one. My financial adviser said he couldn't believe that the PPI was only for 5 years, but that we were actually paying for it for 15. I think that may have been the main reason for them deciding that it had been missold. Although then again, it could have been that only I was covered, even though the loan was in both mine and my husband's name.

I think in most cases the loan was in joint names but only first named on policy covered- total rip off:mad::mad:

di3004

busbyh wrote: »

I think in most cases the loan was in joint names but only first named on policy covered- total rip off:mad::mad:

Yes agreed, a right total rip off.......:mad: they have had us all there!!!

busbyh

Mammamia wrote: »

True, I've certainly learnt to live more fruagally in recent years, I just wish I had learnt this lesson earlier and I wouldn't be in the debt that I am in now.

Never a truer word spoken mammamia- we have all learned a valuable lesson here:beer: BUt at least this pay out with help a little:beer:

marshallka

Mammamia wrote: »

Very scary. One good thing that will hopefully come out of all this is that my teenage children will think twice before getting into any debt. They have seen what a struggle it has been for me and my hubby.

I know what you mean. But the only way to not get into debt is to work hard cause it all comes back on you in the end. We are all claiming this and that and there WILL be a time again when we need the banks, the banks will have massive interest rates to cover their losses here. We have turned into a claim nation and it will just go round and round. I understand why we claim though cause we feel hard done to sometimes but until there is a mutual respect (us for the banks, the bank for us) it will continue. Will it ever stop though????

Mammamia

marshallka wrote: »

Have you decided what you are doing with the redress mammamia? Your loans does not reduce does it if you don't pay it over to them?

No it doesn't, but we have decided to pay off our car loan, as this saves us £366 per month and also 2 credit cards which will save us another £60. I know this is a bit short sighted, but we really need the extra money a month at present. (If we handed over the redress to Picture we would only be saving £180 a month) The adviser I saw said that we need to write to Picture to get the last 4 year's annual statements from them, which should give a breakdown of what was paid off the original loan and what was paid off the PPI. He said that they have actually broke the law by not sending us those statements on an yearly basis, so there maybe a further case against them!

Just wondering if anyone has been receiving statements from them?

marshallka

di3004 wrote: »

That is very true Mammamia
I have made my 2 aware of our issues and not so much the younger one but my oldest who is almost 21, I tell him to take note, as he made a slight mistake the other week, he nipped to town for a new moby as his other has conked out and they sold him the insurance.....:eek:, I told him off and said "what did I tell you"? that was it I made him cancel it straight away as I have all phone protected anyway and for damage etc.

Lets hope now he have really learnt, I hope so.

The tories today were on about some sort of insurance for when you are unable to care for yourself and it was a one off for £8000. I don't know much about it but apparently you do not have to sell your home to pay for your care in a care home. I bet there will be so many complaints in years to come on this one.

di3004

marshallka wrote: »

The tories today were on about some sort of insurance for when you are unable to care for yourself and it was a one off for £8000. I don't know much about it but apparently you do not have to sell your home to pay for your care in a care home. I bet there will be so many complaints in years to come on this one.

Marshallka, funny enough mum rang me about that as well, she not happy about this method.