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

Keira.Aaron

Thank you again Di! Just a little confused by all of this lol!! Why do they contact ur mortgage lender? I think from wot I hear everyone is being refunded! Hopefully like the others it'll only take about a month!! Lx

debt55

Please can somebosy advise me where i need to send my PPI Reclaim letter/questionnaire as i understand Picture are now bust?

Have had a company call and say i cannot do this myself as the company is in defaulted stage (something like that???)... bust, right?

So can i do this myself or is it a good idea to use them?

Thank you in advance.

busbyh

debt55 wrote: »

Please can somebosy advise me where i need to send my PPI Reclaim letter/questionnaire as i understand Picture are now bust?

Have had a company call and say i cannot do this myself as the company is in defaulted stage (something like that???)... bust, right?

So can i do this myself or is it a good idea to use them?

Thank you in advance.

You send it to FSCS. On no account use a company there is just no need and they will rip you off good style. Some have been knwn to take 40%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!. It is so easy to do it yourself. I think Linnie was rippped off by one of these companies and I know she was trying to get it back , but don't know how she got on.
Good luck.
Good luck

busbyh

Keira.Aaron wrote: »

Thank you again Di! Just a little confused by all of this lol!! Why do they contact ur mortgage lender? I think from wot I hear everyone is being refunded! Hopefully like the others it'll only take about a month!! Lx

You will get it all paid to you and the reason the need your mortgage details is because you get a liitle bit extra interest as I have said in PM.
Good luck
xx

busbyh

Keira.Aaron wrote: »

Hi does anyone have a contact bogor delloite? I have misplaced my letter from them and would like to chase it up! Am I right that it's only taking around one month for claims to be processed and the delloite only gets them if they are successful?

Thanks

If I remember correctly, Deloittes and FSCS where working on the claims, so don't worry. Deloittes where called in because of the extensive workload at the beginning of the Picture claims. I can't see any reason why you won't be paid out. I think it is just a matter of all the figures being worked out.
xx

di3004

Keira.Aaron wrote: »

Thank you again Di! Just a little confused by all of this lol!! Why do they contact ur mortgage lender? I think from wot I hear everyone is being refunded! Hopefully like the others it'll only take about a month!! Lx

Hi

Not to worry, and its just procedure, as they have to check on the interest your paying, from what I remember you get so much of that back too.;)

Keira.Aaron

This is ridiculous all I can think of is this claim, it could take another 5 months!!

di3004

Hi.
If the business are already in default, then hopefully you will hear sooner, fingers crossed.

Mine and some others had waited over a year and a half, even though the business were dissolved, we had to wait before they were actually declared in default before they could go anywhere with the claims.

Good luck and keep in touch with both Deloittes and the FSCS often for updates.;)

billypre

Who are Deloittes ? Are they a company which the FSCS are using to help with the backlog ?

As posted in other thread, i will be contacting FSCS on Monday morning with a view to claim ppi mis-sold from Compass Finance who are now dissolved (and already defaulted i thik?)

Will keep updates going in here as to my progress and for reference for others as to timescales etc.

I hope it doesn't take 18 months for my claim but in saying that, i would rather wait and have a successful claim than have a quick answer which was a failure

di3004

billypre wrote: »

Who are Deloittes ? Are they a company which the FSCS are using to help with the backlog ?

As posted in other thread, i will be contacting FSCS on Monday morning with a view to claim ppi mis-sold from Compass Finance who are now dissolved (and already defaulted i thik?)

Will keep updates going in here as to my progress and for reference for others as to timescales etc.

I hope it doesn't take 18 months for my claim but in saying that, i would rather wait and have a successful claim than have a quick answer which was a failure

Hiya

Deloittes are kind of partners to the FSCS who are left to deal with the claims, then once finalised the claims are sent back to the FSCS to pay out.
The FSCS send your details to them, and Deloittes are the ones who will contact by writing to you if they require any further information.

And as that business you are pursuing are listed, this means it cos they are already in default.;)

The reason why some of ours taken longer was because, even though the business were dissolved, we put in our claims anyway with the FSCS, and they were not actually listed as in default at the time of doing this, but the FSCS still had them on their own list.

But it should not take as long if they are already in default when putting in a claim.