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

demir2424

I sent my claim to FSCS in September 2008 - don't know reclaim number, I am confused as to whether Picture are aware that I am claiming that my PPI was mis-sold or whether all this correspondance is just normal because I have had my loan 3 years on 8th September??

pinknico

As barloo said was it a statement for a year or for the loan length so far?
I wonder if I will get a statement in October then as thats the month my loan started?

dialysis

I didnt get one either my loan started in the month of March and I have never had one.;)

di3004

marshallka wrote: »

I thought you had gone with the solicitor. Have you not complained about all Lloyds ones together. I did with co-op and they looked at them all as you often sign as Full and final with the company.

The lloyds loans PPI will be done together, the 2 that are in now are regards of charges and hubbys credit card ppi.
Hubby did not want to take the chance with the solicitor in the end, so I left it.;)

pinknico

With the annual statements they only had to start doing this from october 2008 so maybe that is why no one has had one before?

beaniebabe

busbyh wrote: »

Is beaniebabe posting the letter or emailing it . Does anybody know

I will e mail it and post a copy as well if you like. I can do it tomorrow. Thanks everyone for all your hard work with this Lets hope we get some good news. X
I can not seem to find the finished letter. If you PM it me and let me know which newspapers you want me to send it to I will do it.

busbyh

[QUOTE=beaniebabe;25102073]I will e mail it and post a copy as well if you like. I can do it tomorrow. Thanks everyone for all your hard work with this Lets hope we get some good news. X
I can not seem to find the finished letter. If you PM it me and let me know which newspapers you want me to send it to I will do it.[/QUOTE]

Hi beaniebabe,
I will insert a date, it will look better.will use tomorrow's. Also if you email cc Tim Heming in as pinknico suggested.:beer:

busbyh

beaniebabe, maybe we could send it to the mail:beer:

If we decide to send it off to any other newspaper, I will need to make some amendments, as on the letter I specifically refer to the Sun article. I would need to jig this about a little.

I will make do another copy, with changes, a more standard one that can be sent to the other papers.
So for now just send it to the Sun
x

busbyh

Having a few problems when I paste standard letter. The layout is not showing correctly. Will keep trying

busbyh

FAO
The Editor







Dear Editor


RE- PAYMENT PROTECTION INSURANCE- SINGLE PREMIUM POLICIES


I am writing on behalf of myself and a group of claimants who are awaiting the outcome of compensation claims,regarding this extortionate Insurance.

There are about 600 cases in the process of claiming against Picture Financial Services PLC, regarding PPI insurance. Some have been on-going for 12 months; others have been on-going for 20 months; if not longer. We were hoping that maybe you could publish an article hi-lighting the problems we are having.

We are using the Martin Lewis Money Saving Expert site in order to gain as much information as possible. This comes under the thread– PICTURE FINANCIAL IN DEFAULT.
If you would care to check it out and see the issues and problems we are going through, it would help your article, if you were prepared to publish it.

If it wasn’t for this site, many of us would be in the dark as to any progress being made. Some have even contacted their MP’s for help.
As Picture have now been declared in ‘default ‘from 7th July 2009 the claims are being handled by FSCS/Deloitte.

Target Loans have now taken over the books from Picture, supposedly to sort out this mess

We took out these loans to sort out our finances. In some cases they where consolidation loans and we have ended up being in more debt because of the mis sold PPI and the overall cost of it.

This is a Single Premium Policy (front loaded) which was never explained in any detail. You are probably aware that this type of policy has now been banned. It now transpires that the cover was only cover for 5 years and yet we paid for it over the term of the loan - in some cases 25 years. If we required cover after the five years we would need to take out more insurance. Even if we cancelled the PPI part way through, it would make no difference to us financially as the Insurance was deviously added to the loan at the start.

Also only the first named on the policy was covered for illness etc. even though the loan was in joint names. The joint policy holders were covered for death only. This was never explained to us either.

We are getting very little information from the FSCS and there are several cases where they are under real threat of repossession of their homes because of the delay in paying out the claims. This is taking its toll and some people are now at breaking point as they are in a desperate situation. By rushing through priority cases would mean the difference being, their homes, which they have worked so hard for all their lives, being repossessed or them keeping it.

We are all getting so desperate, any help and assistance from you would be most appreciated.

If you were to agree to publication, will you respect the privacy of any individual claimant?

This letter has been written on behalf of all Picture claimants from Martin Lewis forum -PICTURE IN DEFAULT/FSCS



Yours sincerely





Picture claimants from Martin Lewis forum.