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

pinknico

really hope so Moggy, you don't need this added stress.xx

showergirl

moggy2009 wrote: »

just been told the cheque was issued on friday and it was on a timescale so the latest it could have been sent out was monday gone and hopefully it should arrive tomorrow

Here's hoping it's good news from you tomorrow

busbyh

Chickpee, as far as I am aware , as it is a single premium the Insurance has just been added to the loan. We would only be refunded on the interest we have been charged on the PPi amount. We are not entitled to any of premiums back as we have been give the whole of the PPI amount back anyway
Feel free to correct me if I am wrong guys.;)

Lynnie123_2

Hi all,
First of all Congratulations to Chickpee - bank and enjoy!:o Hope your cheques comes 2moro Moggy - fingers crossed for you.
Well I took your advice and phoned fscs and legal advice line. Legal advice line agree that I appear to have a case as I was never actually given notification of fees in writing. Fscs sympathised, but said they could not get involved. They had paid the cheque to the people who were requested on form! So a new battle has begun. Chatwins have received cheque, and will pay my money (minus their fee), into my account when the cheque clears. I have downloaded a complain form from the legal advice line and Chatwins shall be receiving it in a couple of days. Hang onto my seat time for another slog - they have 28 days to reply to my complaint, then if i'm not happy need to contact Legal Advice people and they shall take up the case for me. Thanks to all.xxxx

chickpee

busbyh wrote: »

Chickpee, as far as I am aware , as it is a single premium the Insurance has just been added to the loan. We would only be refunded on the interest we have been charged on the PPi amount. We are not entitled to any of premiums back as we have been give the whole of the PPI amount back anyway
Feel free to correct me if I am wrong guys.;)

Yes it makes sense now Busbyh thanks - it just takes a while for it to sink in!!

busbyh

marshallka wrote: »

Your PPI element is 8732.50 divded by 43732.50 = 19.97%

Then you take 19.97% of your repayments (I will go off just the first one here of 309.32) being 61.77 and then "times" this by however many months you paid the loan. This would then be the total cost of the PPI you have paid to date.

From what I can remember from the first redress on here (mamania) she got her premium back, plus the repayments made to date and then 8% statutory interest on it from the date that Picture were declared in default.


edited and posted below..... sorry

Don't think she got the 8% did she

chickpee

Good luck Lynnie. It sounds like you have a good case.

busbyh

Lynnie123 wrote: »

Hi all,
First of all Congratulations to Chickpee - bank and enjoy!:o Hope your cheques comes 2moro Moggy - fingers crossed for you.
Well I took your advice and phoned fscs and legal advice line. Legal advice line agree that I appear to have a case as I was never actually given notification of fees in writing. Fscs sympathised, but said they could not get involved. They had paid the cheque to the people who were requested on form! So a new battle has begun. Chatwins have received cheque, and will pay my money (minus their fee), into my account when the cheque clears. I have downloaded a complain form from the legal advice line and Chatwins shall be receiving it in a couple of days. Hang onto my seat time for another slog - they have 28 days to reply to my complaint, then if i'm not happy need to contact Legal Advice people and they shall take up the case for me. Thanks to all.xxxx

Lynnie did you tell them you were putting a complaint in and if so, what was their response.

pinknico

Goodluck Lynnie, glad you have got someone on your side prepared to fight your corner.xx

Lynnie123_2

busbyh wrote: »

Lynnie did you tell them you were putting a complaint in and if so, what was their response.

Not told Chatwins about the complaint yet, but I have made it quite clear on the phone to them that i am not happy.:mad: