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

busbyh

Template letter re NCB

Dear Sirs

Re- Claim ref: PICF********



I am in receipt of a cheque for compensation against Picture Financial Services PLC.

I would be most grateful if you would explain the area of concern, which is the No Claims Bonus you have deducted from my payment.

The breakdown of my payment from you is as follows:

Put your breakdown in here

I received the No Claims Bonus of £**** in ********09, and received compensation from you after this was paid to me. Can you please explain to me why the NCB has been deducted from the payment?

Had my NCB not been due until November, for example, after my compensation was paid from you, I would still have received this from the Insurers, and obviously it would not have been deducted from my claim.

I feel I have been penalised by you because of the date my NCB was due.

I have not cancelled the Insurance as yet, as it appears I would have little to gain from Picture/Target if I did. Therefore if all other parts of the policy apply – i.e. Claims for redundancy etc, why would you take off my NCB. It makes sense it all applies.

The reason I was entitled to the NCB is because my account had never been in arrears, and yet you have taken it off me!!

Also, as I would still be entiltled to my 4/5th NCB if my account does not go into arrears, why then would I not be entitled to the 3rd year that you have deducted from me.

You can add your own amounts of your loan etc and that you have not been put back in the position you would have been without the PPI etc

Or take it out, whatever suits your own case

marshallka

busbyh wrote: »

Not sure on this marshalka, n
must admit I did go a little bit sick, at first.
Here is an outline of the letter:

We refer to the appoinment of ********(the Liquidators)****

We understand that you are a former customer of the CO. and have made a claim to the FSCS relating to mis-selling of PPI by the company. The compnay has no assets from which any claim can be settled so claims such as yours are being handles with the FSCS and not the liquidators.

Until such a time that the FSCS have finalised your claim, you technically still remain a creditor of the company even though there is no prospect of the Company making payment to you.

It just goes on then about reports etc. and an invitation to attend a meeting, or complete enclosed Proxy form with our details.

What do you think

The way I read it, it has been sent out existing customers, don't think it will be the one's who have settled

COuld this be to do with Picture Home loans No. 3 as there is something in the Gazette from 30th October, 2009 about them liquidating. I wonder if some had their loans through Picture No1, no2 or No3.....???

Company Number: 05763118.
Name of Company: PICTURE HOME LOANS (NO.3) LIMITED.
Previous Name of Company: Toro Secured Finance Limited.
Nature of Business: Other financial intermediation.
Type of Liquidation: Members.
Address of Registered Office: 43-45 Portman Square, London W1H
6LY.
Liquidators’ Names and Address: Paul David Williams and Matthew
Peter Bond, both of MCR, 43-45 Portman Square, London W1H 6LY
Office Holder Numbers: 9294 and 9662.

Date of Appointment: 30 October 2009.

di3004

Do you know what I find odd?

The FSCS when writing in Twopart into the default search box nothing still comes up, and I noticed that for loanmakers as well, and yet I know it was only Sept 9th Twopart went into default, but surely they should put the details on the site now, in case of anyone else wanting to make a claim.......

Sorry I know this is not so important to these issues that many of you are going through right now.

marshallka

di3004 wrote: »

Do you know what I find odd?

The FSCS when writing in Twopart into the default search box nothing still comes up, and I noticed that for loanmakers as well, and yet I know it was only Sept 9th Twopart went into default, but surely they should put the details on the site now, in case of anyone else wanting to make a claim.......

Sorry I know this is not so important to these issues that many of you are going through right now.

They had their final meeting though

Final Meetings
TWOPART LIMITED
(t/a E-Loan.co.uk)


Notice is hereby given, pursuant to section 106 of the Insolvency Act 1986, that Meetings of the Members and Creditors of the above-named Company will be held at The Old Exchange, 234 Southchurch Road, Southend-on-Sea, Essex SS1 2EG, on 13 July 2009, at 10.30 am and 10.45 am respectively, for the purpose of receiving an account of the winding-up. Members and Creditors wishing to vote at the respective Meetings must lodge their proofs of debt and (unless they are attending in person) proxies at the office of Begbies Traynor, The Old Exchange, 234 Southchurch Road, Southend-on-Sea, Essex SS1 2EG, no later than 12.00 noon on the business day before the Meeting.

L Biscoe, Joint Liquidator



22 May 2009.

bella2901

busbyh wrote: »

Template letter re NCB

Dear Sirs

Re- Claim ref: PICF********



I am in receipt of a cheque for compensation against Picture Financial Services PLC.

I would be most grateful if you would explain the area of concern, which is the No Claims Bonus you have deducted from my payment.

The breakdown of my payment from you is as follows:

Put your breakdown in here

I received the No Claims Bonus of £**** in ********09, and received compensation from you after this was paid to me. Can you please explain to me why the NCB has been deducted from the payment?

Had my NCB not been due until November, for example, after my compensation was paid from you, I would still have received this from the Insurers, and obviously it would not have been deducted from my claim.

I feel I have been penalised by you because of the date my NCB was due.

I have not cancelled the Insurance as yet, as it appears I would have little to gain from Picture/Target if I did. Therefore if all other parts of the policy apply – i.e. Claims for redundancy etc, why would you take off my NCB. It makes sense it all applies.

The reason I was entitled to the NCB is because my account had never been in arrears, and yet you have taken it off me!!

Also, as I would still be entiltled to my 4/5th NCB if my account does not go into arrears, why then would I not be entitled to the 3rd year that you have deducted from me.

You can add your own amounts of your loan etc and that you have not been put back in the position you would have been without the PPI etc

Or take it out, whatever suits your own case

Thanks busbyh,:A

This is great, will be really helpful. Have to go, am just finishing work for the day. Will try and catch up on posts tomorrow.
Thanks again :T

di3004

marshallka wrote: »

They had their final meeting though

Final Meetings
TWOPART LIMITED
(t/a E-Loan.co.uk)


Notice is hereby given, pursuant to section 106 of the Insolvency Act 1986, that Meetings of the Members and Creditors of the above-named Company will be held at The Old Exchange, 234 Southchurch Road, Southend-on-Sea, Essex SS1 2EG, on 13 July 2009, at 10.30 am and 10.45 am respectively, for the purpose of receiving an account of the winding-up. Members and Creditors wishing to vote at the respective Meetings must lodge their proofs of debt and (unless they are attending in person) proxies at the office of Begbies Traynor, The Old Exchange, 234 Southchurch Road, Southend-on-Sea, Essex SS1 2EG, no later than 12.00 noon on the business day before the Meeting.

L Biscoe, Joint Liquidator



22 May 2009.

Thanks Marshallka, think you did post this before for me as well didn't you?:o;)
Was this on the FSCS site as well?

marshallka

di3004 wrote: »

Thanks Marshallka, think you did post this before for me as well didn't you?:o;)
Was this on the FSCS site as well?

No, there is nothing on the FSCS site about them at all? Perhaps needs updating again.

moggy2009

good afternoon everyone does anybody have any idea how long the claim handlers have to deal with your case?:o

moggy2009

i have just recieved an e mail from somebody at deloitte saying that it is still with the claim handler who will assess it then calculate any compensation due which also has in brackets (if any)then sent back to fscs for the final decision im starting to get a bit confused now:eek:

moggy2009

worst bit is the waiting especially when your struggling financially:mad: