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

busbyh

Doogle wrote: »

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!!!

We are all cynical as far as Picture is concerned and we have right to be:mad::mad::mad:

Doogle_2

Right i have to go ladies, so i will keep you upto date over the next fews day...

good luck xxx

busbyh

marshallka wrote: »

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.

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.

Thanks marshallka, I suppose I will just have to wait and see what the FSCS come up with.
Cheers anyway, the wait goes on:mad:

di3004

Doogle wrote: »

Right i have to go ladies, so i will keep you upto date over the next fews day...

good luck xxx

Hi Doogle and welcome.;)

Blimey you have been through it with these as well....:eek:, wishing you luck on your claim, and look forward to you posting back.
Take care and good luck to you as well.;)Xxx

busbyh

marshallka wrote: »

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.

I think the actual salesperson gets a bonus/commission also if they sell it , not just the broker.


The more I think about it marshallka the more :mad::mad::mad::mad: I get

Thanks

marshallka

Doogle wrote: »

Right i have to go ladies, so i will keep you upto date over the next fews day...

good luck xxx

Hope its all resolved soon for you.;)

marshallka

busbyh wrote: »

I think the actual salesperson gets a bonus/commission also if they sell it , not just the broker.


The more I think about it marshallka the more :mad::mad::mad::mad: I get

Thanks

It will all be ended soon and then you can thank yourself lucky you are finally rid of them. The interest is not in line with anything really as to be in line with BOE it has to have been stated (that is why we pay a fee when we apply for a mortgage that is reduced rate or tracker etc) and they can put their interest rates up as and when they like. FP used to put mine up whenever I requested a settlement from the look of the sar. I know that FP complaints are campaigning for this now as FP no longer issue loans so have no name to uphold and its a long haul for them. Picture will be similar I would think.

busbyh

marshallka wrote: »

It will all be ended soon and then you can thank yourself lucky you are finally rid of them. The interest is not in line with anything really as to be in line with BOE it has to have been stated (that is why we pay a fee when we apply for a mortgage that is reduced rate or tracker etc) and they can put their interest rates up as and when they like. FP used to put mine up whenever I requested a settlement from the look of the sar. I know that FP complaints are campaigning for this now as FP no longer issue loans so have no name to uphold and its a long haul for them. Picture will be similar I would think.

So not on, marshallka, if it wasn't for the SAR you just wouldn't have a clue what they were up to.
I will just a another look at the T&Cs 9I ( I should really know these be heart) as I have read them so many times
thanks

busbyh

marshallka,
Hope I am not doing your head in:eek::eek::eek:
Quote
We may,at Our discretion, from time to time vary Our interest rates to reflect a change which has occured or which We reasonably expect to occur, in interest rates generally(although there will be no obligation upon Us to do so) or to redress any reduction in our profitability caused by changes to legislation.We will give You 30 days notice in writing before any such variation is applied.

Although there is no obligation etc confuses me


Just another part on NCB. I think someone was asking if this would be paid direct to Picture. It states all claims with the exception of the NCB will be paid to reduce loan balance but the NCB is paid direct to the Insured person

dialysis

amersall wrote: »

stop bragging then:p:p no seriously well done:j:j the relief of no more worrying about money and knowing you can pay things, you must be on top of the world:cool: i am with my fp win :Djust waiting for figures and cheque:jat least i think we have all learnt a valuable lesson here and we will never get in this state ever again, i certainly wont!!!! glad martin lewis set this site up, i have been with you all every step of the way and i am pleased i was here for the end result:cool::cool: a very BIG thank you to all who have given advice, on figures, addresses and moral support,you are all amazing, i have learnt a lot from this site and all of you and i am ever gratefull:A:A:A oh god now i am in your debt forever:rotfl::rotfl::rotfl::rotfl::rotfl::p:p:p:p:p

Thats so nice amersall thank you hun Hope you get your cheque soon, your in debt again hun:rotfl::rotfl::rotfl: