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Companies in Default/FSCS Claims - Picture, London Scottish, Twopart
Comments
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marshallka wrote: »After how long busbyh and also did you ever make a claim?
Reading my mind, yet again.;) I have just edited a previous post.
we made either 30 or 32
and had never made a claim dialysis,mammamia,honey.beaniebabe,saltyfish,funky,Gumbi,Lian,doogle,oldwulf,pinknico,Halpin,alyson,Barloo,jadone,demir,netabc,chickpee,dannyboy,tomgaskel,Lozza001,sandzb,di,marshallka,pengi,lynnie,busbyh,moggy,Kim66,honestbob,tobione,itdonk,arrongborne,thunders,newtonchang,mbones,showergirl, coffeetower,hayston,sappy,dolallytap,AuntieDeedee0 -
OMG, I thought I had heard it all with regards to Picture, but phoning you on his mobile:eek::eek::eek:.Did you make a complaint about the phone call?
there is someone on the site, Alyson I think or maybe honey2, who had probems with them using made up salary details etc.
When did you send in your form to FSCS. We are just under 300 and they rcd ours 12th Sept. It is going in chronilogical order. Ours is with deloittes now and I am hoping it will be through within the next few weeks;)
Do you plan on taking this further with regards to a missell on the loan
Good luck and keep us posted.
EDIT
Did you get any rebate when ypu cancelled Insurance. We cancelled ours and all we got was a £2 reduction in the repayments!!!!!!!!We had made 30 payments - I think
Yes the cheeky sod called me on his mobile saying about his commission!?! when i raised it with Picture, they told me he no longer worked for them, i said i could get my mobile phone provider to check the numbers as i knew the date..but it would of been pointless?!! just another example of them being crap in my opinion
I sent the forms to FSCS in December 08 so i was hoping to have it done within a year?!!? didnt realise they have so many complaints about them?!! well i do now?! i got a rebate of £2k off the original 22000 PPI - wow!?! i think my payments also reduced by about £5....but that was after they increased about 8 times with their vague increase in repayments policy?!!0 -
I would think that the FSCS will work this out for you. I have no idea how they came to arise at that amount and your repayments only reduce by that much??Yes the cheeky sod called me on his mobile saying about his commission!?! when i raised it with Picture, they told me he no longer worked for them, i said i could get my mobile phone provider to check the numbers as i knew the date..but it would of been pointless?!! just another example of them being crap in my opinion
I sent the forms to FSCS in December 08 so i was hoping to have it done within a year?!!? didnt realise they have so many complaints about them?!! well i do now?! i got a rebate of £2k off the original 22000 PPI - wow!?! i think my payments also reduced by about £5....but that was after they increased about 8 times with their vague increase in repayments policy?!!
I think that once everyone is paid out too they will do this increasing interest rates again. Just to be sure they do not lose out.0 -
marshallka wrote: »I never complained to FP about it. My PPI was with an unregulated broker and I have a complaint in for the rebate received against the insurer. Very complicated and very long winded.
When you say when you cancelled you only got £2K back, did your repayments reduce also? They should have done.
Your rebate should have also rebated some of the interest against the PPI too? You would not see this as a "rebate" but you would have it reflect in the repayments being less per month cause of the interest?
Hiya,
Yeah i got a massive £5 off i think...but this was around the time they were increasing the monthly repayments almost monthly because of the interest rates, however i did notice they nver came down again?!?! im just far too cynical arnt i!?
i didnt actually realise there were so many people out there like me...its driven me mad over the last year!!! 0 -
Yes the cheeky sod called me on his mobile saying about his commission!?! when i raised it with Picture, they told me he no longer worked for them, i said i could get my mobile phone provider to check the numbers as i knew the date..but it would of been pointless?!! just another example of them being crap in my opinion
I sent the forms to FSCS in December 08 so i was hoping to have it done within a year?!!? didnt realise they have so many complaints about them?!! well i do now?! i got a rebate of £2k off the original 22000 PPI - wow!?! i think my payments also reduced by about £5....but that was after they increased about 8 times with their vague increase in repayments policy?!!
Did you state in your claim form about the phone call? I would think you have an extremely good case here.
Out of interest, how much commission was he to receive:mad: just to upset me even more:mad::mad::mad:Oh I hate Picture with a VENGENCE
The main reason for delays was waiting for them to decalred in default. Deloittes did tell us, nothing at all was done with them until that happened.They more or less said they would be filed away until D DAY!!!dialysis,mammamia,honey.beaniebabe,saltyfish,funky,Gumbi,Lian,doogle,oldwulf,pinknico,Halpin,alyson,Barloo,jadone,demir,netabc,chickpee,dannyboy,tomgaskel,Lozza001,sandzb,di,marshallka,pengi,lynnie,busbyh,moggy,Kim66,honestbob,tobione,itdonk,arrongborne,thunders,newtonchang,mbones,showergirl, coffeetower,hayston,sappy,dolallytap,AuntieDeedee0 -
Well I don't know what is in their terms and conditions about this but usually this is all taken into account when they settle your claim.Reading my mind, yet again.;) I have just edited a previous post.
we made either 30 or 32 and had never made a claim
What FOS would do in a case like yours is to work out what your loan would have cost without any PPi and what your settlement WOULD have been without PPI and then what your repayments would have been without PPI and pay it all back to you but this is the FSCS and a different story.0 -
marshallka wrote: »I would think that the FSCS will work this out for you. I have no idea how they came to arise at that amount and your repayments only reduce by that much??
I think that once everyone is paid out too they will do this increasing interest rates again. Just to be sure they do not lose out.
Yeah i think your right !!!! to be honest whatever i get with pay off other bills and save me alot of money each month....just wish i never went with them and got conned?!! it was nice though seeing people actually win...i guess we just have to be patient...
Funny think about picture is when i quoted the daily interest rates they claimed to use they had no answer !!! headless chickens the lot of them..and they have conned alot of vulnerable people out of alot of money0 -
These commissions DO NOT have to be actually disclosed but they usually have in their small print that the broker would receive some. Also commissions are not actually paid by you as such and as a "commission" payment but are paid over by the lender to the broker cause they got the silly person to sign up to a ridiculous PPI that is actually another loan with a hell of a lot of interest.Did you state in your claim form about the phone call? I would think you have an extremely good case here.
Out of interest, how much commission was he to receive:mad: just to upset me even more:mad::mad::mad:Oh I hate Picture with a VENGENCE
The main reason for delays was waiting for them to decalred in default. Deloittes did tell us, nothing at all was done with them until that happened.They more or less said they would be filed away until D DAY!!!0 -
Did you state in your claim form about the phone call? I would think you have an extremely good case here.
Out of interest, how much commission was he to receive:mad: just to upset me even more:mad::mad::mad:Oh I hate Picture with a VENGENCE
The main reason for delays was waiting for them to decalred in default. Deloittes did tell us, nothing at all was done with them until that happened.They more or less said they would be filed away until D DAY!!!
I did put that in my claim?!?!1 he rang me several times, whilst on his fag break etc!?! he was a nutter?!"1 he never mentioned figures, but it was at the end of a month and he said if it went through he will of done well out of it etc and also about the PPI being the sweetener for the loan to his bosses?!?! what an idiot?!?!!?
Well i hope yours comes in before christmas, sounds like you need a bit of good news0 -
marshallka wrote: »I would think that the FSCS will work this out for you. I have no idea how they came to arise at that amount and your repayments only reduce by that much??
I think that once everyone is paid out too they will do this increasing interest rates again. Just to be sure they do not lose out.
Thank goodness, marshallka we are rid of them. As I said in my post to you last night, we have saved an absoulte fortune to date, imagine how much it could have cost us. Doesn't bear thinking about:mad:
I don't think they decreased them by very much, certainly not as much as the banks did, and I am sure I read somewhere in the small print they don't have to. Could be wrong but I have read something with regard to them lowering the rates:mad: i'm sure it does not have to be at the same level as the banks. You may know on this one dialysis,mammamia,honey.beaniebabe,saltyfish,funky,Gumbi,Lian,doogle,oldwulf,pinknico,Halpin,alyson,Barloo,jadone,demir,netabc,chickpee,dannyboy,tomgaskel,Lozza001,sandzb,di,marshallka,pengi,lynnie,busbyh,moggy,Kim66,honestbob,tobione,itdonk,arrongborne,thunders,newtonchang,mbones,showergirl, coffeetower,hayston,sappy,dolallytap,AuntieDeedee0
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