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

beaniebabe

pinknico wrote: »

The compensation aims to put you back in the financial position you would have been in had you not received the insurance advice.

Thats the key phrase as to who is eligable for compensation, nothing to do with 5 years or single premium?

How can they agree you were miss sold and then let you claim on the policy until the 5 years are up.
It doesn't make sense to me

beaniebabe

Can I also ask
My OH has been off work ill for 4 months and we havent made a claim on the policy. Does this mean that once I receive my cheque I can then make a backdated claim on the policy for the months he was off work due to illness????
Sorry if I am confusing people

pinknico

Someone said to just see it as compensation not as paying off PPI.

pinknico

beaniebabe wrote: »

Can I also ask
My OH has been off work ill for 4 months and we havent made a claim on the policy. Does this mean that once I receive my cheque I can then make a backdated claim on the policy for the months he was off work due to illness????
Sorry if I am confusing people

I dont know if you can but I would certainly try!


Honey 2 didnt the man on the phone say your policy was cancelled from 01/10/09 or did I mis read the post?

honey2_2

pinknico wrote: »

The compensation aims to put you back in the financial position you would have been in had you not received the insurance advice.

Thats the key phrase as to who is eligable for compensation, nothing to do with 5 years or single premium?

You are 100% Pinknico - the FSCS are now that my claim has ended are more than happy to discuss at length any ? I have and to give what advise they can - which is good.

Honey 2 x

dialysis

Hi all I have been out all day so i have missed loads will catch up first:D

Honey I am so pleased for you hun it must be a great relief for you and I want to thank you for all your support with mine also. Well done enjoy it you deserve it hun:j:j:j

Busbyh I am so sorry yours is still with deloitte and very angry for you hun:mad::mad::mad: keep the pressure up love it will pay off in the long run:A

Beaniebabe hope you hear tomorrow or Monday, and me too:rotfl::rotfl::rotfl::rotfl: I have sold my car today so we only have the bike now, which is fine in nice weather. good luck hun hope we are both celebrating tomorrow:A

Pinknico keep your chin up hun yours wont be long:A:A

Now I will read the rest I have missed:rotfl:

busbyh

pinknico wrote: »

The compensation aims to put you back in the financial position you would have been in had you not received the insurance advice.

Thats the key phrase as to who is eligable for compensation, nothing to do with 5 years or single premium?

You are right pinknico, it's all in the wording. It is good that it is still in place and Honey2 will soon be eligible to claim for mortgage payment - but hopefully it won't be too long before her OH finds a job, although it does take way some of the pressure if you know your mortgage is being paid. It gives some breathing space.
When you think about it, the claim is not so much against the Insurance Co, but the way it was sold by Picture.
It is Picture who are making MEGGA BUCKS, by adding it to our loan.

We are being compensated for being badly advised

busbyh

beaniebabe wrote: »

How can they agree you were miss sold and then let you claim on the policy until the 5 years are up.
It doesn't make sense to me

we are being compensated for BAD ADVICE and NOT given any other options

honey2_2

pinknico wrote: »

I dont know if you can but I would certainly try!


Honey 2 didnt the man on the phone say your policy was cancelled from 01/10/09 or did I mis read the post?

That was what I was originally told by C/S - today the tele number in my letter lets me speak to the specialist team who make the decisions - this is not C/S. When I called today they said as my policy is in force I am still covered and can make any claims that I wish to make until the PPI expires at the end of 5 years. I have the choice xc now and get £664.40 back and go else where and get cover till the end of the loan period or keep the PPi in force make a claim for redundancy and then at the end of the PPI term take out a policy else where which covers the loan till it ends.

Am I making sense folks?

Honey 2 x

dialysis

marshallka wrote: »

I am sure honey is out enjoying her win. I am also sure all you will be posting shortly of the same and the thread will go quiet....:eek:. Just won't be the same.

Marshallka I will be here also to watch how you and Di ar doing with yours so it wont be quiet we will be here to support you too why would we leave two special people on their own:D no way hosehey :rotfl::rotfl::rotfl: