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

NEWTONCHANG

di3004 wrote: »

Arh right hun......not everyones are priority and they are still dealing with them and paying out, it will be nice for you to have this all in good time for xmas :xmastree::D

it would be when he rang me 2 weeks ago he just said sooner rather than later so i hope it will be soon but im just glad you guys have got yours sorted

NEWTONCHANG

ramragon wrote: »

hello, new to the site and was after some advice,

i got a secured loan from picture finance which started on 3rd april 2007, the loan was for £43500 and the ppi was £10,853 (which wasnt pointed out as optional at the time, and because of financial constraints i had to take the loan over 300 months.

several months after taking out the loan i decided to move the amount on to my mortgage and pay picture off, however after being told that the settlement figure was nearly £54000 due to the ppi being invested for 5 years i decided against the move.

i tried to reclaim the ppi using a third party last year and was advised by them that the refund would be £450 which seemed pitifully low for a policy i'd been paying in to for 16 months, so i decided to keep paying the ppi with the knowledge that i would be getting premiums back (£2648 after 3 years, £1588 after 4 years and £1059 after the 5th year.).

i was alarmed to read that picture had gone in to default and was just wondering what people would advise i do, either wait for the premiums to arrive back which should be due next april/may. or try and force a claim through for mis sold ppi, and again if anyone could give me some advice on how much the claim should roughly be for it would be appreciated.

sorry to ramble and thanks in advance for any advice.

i should really be more financially switched on, and avoid making stupid decisions

Hi and welcome deffo go for missold ppi you need to read some back posts and that will help you on what to do but deffo go for it we all have and good luck

di3004

ramragon wrote: »

hello, new to the site and was after some advice,

i got a secured loan from picture finance which started on 3rd april 2007, the loan was for £43500 and the ppi was £10,853 (which wasnt pointed out as optional at the time, and because of financial constraints i had to take the loan over 300 months.

several months after taking out the loan i decided to move the amount on to my mortgage and pay picture off, however after being told that the settlement figure was nearly £54000 due to the ppi being invested for 5 years i decided against the move.

i tried to reclaim the ppi using a third party last year and was advised by them that the refund would be £450 which seemed pitifully low for a policy i'd been paying in to for 16 months, so i decided to keep paying the ppi with the knowledge that i would be getting premiums back (£2648 after 3 years, £1588 after 4 years and £1059 after the 5th year.).

i was alarmed to read that picture had gone in to default and was just wondering what people would advise i do, either wait for the premiums to arrive back which should be due next april/may. or try and force a claim through for mis sold ppi, and again if anyone could give me some advice on how much the claim should roughly be for it would be appreciated.

sorry to ramble and thanks in advance for any advice.

i should really be more financially switched on, and avoid making stupid decisions

Hello and welcome.;)

I would still start with a claim on this with the Financial compensation scheme (FSCS), there have been some issues in regards of the No claims bonus, if you read back on the posts you will find more info, but it makes now difference and you can still reclaim through the FCSC.

Give them a ring to arrange for them to send you a form here:
http://www.fscs.org.uk/contacts/

If you have any paperwork to support your case, get them photocopied and enclose them with the form to the FSCS, if your in any hardship as well, let them know and they will consider treating your case as priority.

My case is not with Picture but with another company that have also gone into default, however the main of them on here are Picture claimants and you will receive very helpful advice.

Hey bless you, your not rambling lol, you have every right to chat away and get some help X
Please feel free to join in and please keep us posted.

Good luck.;)

di3004

NEWTONCHANG wrote: »

it would be when he rang me 2 weeks ago he just said sooner rather than later so i hope it will be soon but im just glad you guys have got yours sorted

That would be lovely for you, it will be a nice surprise for you if sooner rather than later.:T:T:beer::beer:, cheers hun, well I'm just hoping now though its a letter to say we are successful with a cheque enclosed lol, I will soon know I suppose, fingers crossed.;)

NEWTONCHANG

di3004 wrote: »

That would be lovely for you, it will be a nice surprise for you if sooner rather than later.:T:T:beer::beer:, cheers hun, well I'm just hoping now though its a letter to say we are successful with a cheque enclosed lol, I will soon know I suppose, fingers crossed.;)

got my fingers and toes crossed for you hun i hope it is aswell it will be so nice to see on the news a welsh woman doing cartwheels down the main street of your home town :rotfl::rotfl::rotfl:x

di3004

NEWTONCHANG wrote: »

got my fingers and toes crossed for you hun i hope it is aswell it will be so nice to see on the news a welsh woman doing cartwheels down the main street of your home town :rotfl::rotfl::rotfl:x

pmsl how do you know I would do that?:eek: because its so true, I would be lol :rotfl::rotfl::rotfl:and will do more than that - cartwheeling all the way to your house all those miles away lmao :rotfl::rotfl::D

NEWTONCHANG

di3004 wrote: »

pmsl how do you know I would do that?:eek: because its so true, I would be lol :rotfl::rotfl::rotfl:and will do more than that - cartwheeling all the way to your house all those miles away lmao :rotfl::rotfl::D

:rotfl::rotfl::rotfl:you go for it hun i iwll be waiting with a brew 4 u :rotfl::rotfl::rotfl::rotfl:xxx

di3004

NEWTONCHANG wrote: »

:rotfl::rotfl::rotfl:you go for it hun i iwll be waiting with a brew 4 u :rotfl::rotfl::rotfl::rotfl:xxx

I would like that, and will need one lol :rotfl::rotfl::rotfl::D:beer:xxx

NEWTONCHANG

di3004 wrote: »

I would like that, and will need one lol :rotfl::rotfl::rotfl::D:beer:xxx

you will need something stronger me thinks :beer::beer::beer:

di3004

NEWTONCHANG wrote: »

you will need something stronger me thinks :beer::beer::beer:

hmmmm now that sounds very tempting......:D:j:beer::beer: