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

di3004

Keira.Aaron wrote: »

The deloittes guy said prob only a couple of wks! Hope so!! L

Cool, looking good then.:T

mutron_2

Keira.Aaron wrote: »

Do you think everyone is being paid out? Or are they still investigating claims individually? Mines been away for a month, they have just received info from my mort company as we paid loan off when we remortgaged! I presume they would not do all this work if I had not been missold!

Lx

I wondered this myself so asked yesterday but the official line is that Deloitte collate the information for the FSCS and it's still judged on a case by case basis.

bhoywonder

I have just downloaded the claim form from the FSCS website to reclaim my PPI from Picture. I would like some help with the explanation section, do i just list all the issues i have with the policy providing a little detail and why i have been mis-sold or should I go into great detail in explaining the reasons.

Also does anyone know what happens regarding the 3, 4 and 5 payments which I am due to receive back. i have currently received 1 payment so far. just for information the overall PPI cost was £13,000.

Thanks for your help.

di3004

bhoywonder wrote: »

I have just downloaded the claim form from the FSCS website to reclaim my PPI from Picture. I would like some help with the explanation section, do i just list all the issues i have with the policy providing a little detail and why i have been mis-sold or should I go into great detail in explaining the reasons.

Also does anyone know what happens regarding the 3, 4 and 5 payments which I am due to receive back. i have currently received 1 payment so far. just for information the overall PPI cost was £13,000.

Thanks for your help.

Hi there

Its been some time since I completed these forms, as mine is now done and dusted in regards of another company that defaulted, but if I remember I wrote everything possible to avoid any comebacks, and to cover all ground, I also enclosed "copies" of all paperwork I had, even though the broker dissolved the lender agreements etc are fine.;)

I'm sure someone who is also currently dealing with these claim forms will post up in regards of your other queries.
Good luck with this.

Di

Keira.Aaron

Hi

I just listed bullet points as to why I had bn missold! Mines still at the final stages so presume that was enough

L

bhoywonder

I have started to fill in the initial Enquiry questionnaire and have included the following, do you think this is sufficient as i could go on all day about this but thought it would be easier to include the main points.

I would like to make a claim to FSCS as I believe I have been mis-sold a PPI policy purchased along with a loan from Picture Financial. The key reasons I believe I was mis-sold are outlined below:

The PPI was an upfront premium but at no time was it explained to me that this only covered one person and would only last 5 years, however the full amount would be added from day one to date of completion.

It was implied during discussions that I was required to take the PPI along with the loan as this would help with the approval process. I even queried the PPI once everything was agreed and was told then that if I chose to cancel, the whole loan would be required to be processed from the start and no guarantee of success. At the time there was a great deal of pressure to accept PPI otherwise the loan may not be approved again.

We were not asked whether or not we had any similar protection or that this could be purchased elsewhere. We were both covered by our employer’s income protection and also we would have both received in excess of 6 months redundancy should this have happened.


Any comments/suggestions would be greatly appreciated

di3004

bhoywonder wrote: »

I have started to fill in the initial Enquiry questionnaire and have included the following, do you think this is sufficient as i could go on all day about this but thought it would be easier to include the main points.

I would like to make a claim to FSCS as I believe I have been mis-sold a PPI policy purchased along with a loan from Picture Financial. The key reasons I believe I was mis-sold are outlined below:

The PPI was an upfront premium but at no time was it explained to me that this only covered one person and would only last 5 years, however the full amount would be added from day one to date of completion.

It was implied during discussions that I was required to take the PPI along with the loan as this would help with the approval process. I even queried the PPI once everything was agreed and was told then that if I chose to cancel, the whole loan would be required to be processed from the start and no guarantee of success. At the time there was a great deal of pressure to accept PPI otherwise the loan may not be approved again.

We were not asked whether or not we had any similar protection or that this could be purchased elsewhere. We were both covered by our employer’s income protection and also we would have both received in excess of 6 months redundancy should this have happened.


Any comments/suggestions would be greatly appreciated

Hi

Yes that is great, and covers all points, you should be okay here, many people have been successful for the same reasons through the FSCS.

You could also add on the first paragraph that you were going to pursue directly to the business but were informed that all claims were to be made by the Financial compensation scheme (FSCS), as you were also told the company are in default.
(Something along those lines).

The best of luck, hope you won't be waiting about too long, with the business already in default and listed it should all be straight forward, than it would be whilst waiting for the business to go into default.

Fingers crossed.;)

Di

bhoywonder

di3004 wrote: »

Hi

Yes that is great, and covers all points, you should be okay here, many people have been successful for the same reasons through the FSCS.

You could also add on the first paragraph that you were going to pursue directly to the business but were informed that all claims were to be made by the Financial compensation scheme (FSCS), as you were also told the company are in default.
(Something along those lines).

The best of luck, hope you won't be waiting about too long, with the business already in default and listed it should all be straight forward, than it would be whilst waiting for the business to go into default.

Fingers crossed.;)

Di

Thanks for your help, i will add in your suggestion and get this sent off later today.

di3004

bhoywonder wrote: »

Thanks for your help, i will add in your suggestion and get this sent off later today.

Your very welcome.

Please keep us posted, and good luck.;)

bhoywonder

Sorry to be a pain here but i hve finally prepared the enquiry questionnaire and was ready to attacha a copy of the loan agreement when i noticed a small box on the fron of the form saying that PPI was not compulsary and only insured the first named person.

I dont recall seeing this at the time even though I was pressured into taking this.

My question is that if I attach this will this cause me problems or have others sent this form and everything has been ok.
Thanks again