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

busbyh

cheque has arrived:j:j:j:jjust going through figures, which are are correct except they have deducted £684, for cancellation of insurance which we did not receiveso just checking this bit out with fscs. When the loan was repaid it stated on the settlement figure. ppi refund 0.00. Not complaining with the amount, just want to make sure, PICTURE haven't pulled a fast one:mad:
Will get back later:beer::beer::beer::beer:

busbyh

been onto FSCS. Said hang fire with cheque for a day or two, and she will look through it again!! If no refund was made it will be added to the compensation payment.SHe just needs to have another look at the file and will hopefully be back in touch today,

Is nothing ever straighforward

moggy2009

busbyh wrote: »

THANK YOU PENGI, ISN'T IT JUST A FANTASTIC FEELING - WE WON:j:j:j:j:j:j:j:j:j:j:beer::beer::beer::beer::beer::beer::beer::beer:

woohoooooooooooooooo congrats busbyh you were right about the waters so pleased for youi we must have all been in the same batch:T:T:T:T:T:T:T:T:T:money:

busbyh

moggy2009 wrote: »

woohoooooooooooooooo congrats busbyh you were right about the waters so pleased for youi we must have all been in the same batch:T:T:T:T:T:T:T:T:T:money:

Thanks moggy, fantastic feeling isn't it. Told you I could always rely on the(the waters that is):D:j:j:j:j:j:j
Hopefully some more will post today:beer::beer:

pinknico

busbyh wrote: »

been onto FSCS. Said hang fire with cheque for a day or two, and she will look through it again!! If no refund was made it will be added to the compensation payment.SHe just needs to have another look at the file and will hopefully be back in touch today,

Is nothing ever straighforward

Hello Busbyh you did receive a refund that you didn't see. Remember that your payments went down by £2 a month? this would have been taken into account on the settlement figure even though Picture wouldnt have broken this down for you. Remember what Barloo first complained about and then understood? Yours is only difference in that they cancelled the PPI early , took off £600 odd pounds, lowered your monthly payments and then you settled.

Or they have pulled a fast one!

pinknico

On the settlement the PPI refund was zero as you had already cancelled.xx



This just means you had no further PPI refund at time of settlement

busbyh

PINKNICO
HERE IS THE BREAKDOWN

PPI £8732.50
PLUS INTEREST £2072.89
LESS BENEFITS RCD 0.00
LESS REBATE DUE UPON CANCELLATION £698.10
tHIS IS THE AMOUNT PAID WHEN THE ppi WAS CANCELLED IN aUG 2008.

PLUS REAS RATE OF RETURN 60.41

TOTAL £10167.70

AMOUNT PAYABLE £9550.93


what do you think!!

On the original breakdown when the loan was paid off it stated PPI refund on cancellation 0.00

pinknico

That looks ok Busbyh, you just need the lady to reassure you that at the time you cancelled the PPI in 2008 £698.10 was removed from the loan total and was not included in the settlement figure.

But I expect that it is all fine it is just Picture not giving breakdowns again to customers but the FSCS will have everything broken down and would have spotted any funny business!

busbyh

pinknico wrote: »

Hello Busbyh you did receive a refund that you didn't see. Remember that your payments went down by £2 a month? this would have been taken into account on the settlement figure even though Picture wouldnt have broken this down for you. Remember what Barloo first complained about and then understood? Yours is only difference in that they cancelled the PPI early , took off £600 odd pounds, lowered your monthly payments and then you settled.

Or they have pulled a fast one!

Hi pnknico,I see what you are saying but we settled the loan 3 months after cancelling the PPI so only rcd 3 months of reduced payments, which amount to about £10 at most

pinknico

pinknico wrote: »

On the settlement the PPI refund was zero as you had already cancelled.xx



This just means you had no further PPI refund at time of settlement

Does not mean there was never any PPI refund.