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

gumbi

pinknico wrote: »

Yes, wasnt it gumbis post?

Then again maybe not,cant see it!

Yep it was me.....It was abot the different divisions with Picture that were actually trading companies within their own right.

The Insurance part was seperate to the loan arm etc.. All very murky and the main reason that it took the FSCS legal team to unravell all the information.

Now that this is all done it should have bearing on the cases going forward so I wouldn't worry about it

barloo69

Has any Picturites lurking out there received there No Claim Bonus cheque from Picture since they were declared in default ?

You may recall that Ive been offered mine and after a few phone calls to all interested parties, I am of the opinion that accepting the money from Picture is better than waiting for the FSCS as it makes no difference apparently.

That is of course that Picture actually have the funds to pay this from their coffers!!!!
(Bloody should do what with I have to pay them every month!!!)

So has anybody recd a cheque from Picture in the last year ?

chickpee

barloo69 wrote: »

Has any Picturites lurking out there received there No Claim Bonus cheque from Picture since they were declared in default ?

You may recall that Ive been offered mine and after a few phone calls to all interested parties, I am of the opinion that accepting the money from Picture is better than waiting for the FSCS as it makes no difference apparently.

That is of course that Picture actually have the funds to pay this from their coffers!!!!
(Bloody should do what with I have to pay them every month!!!)

So has anybody recd a cheque from Picture in the last year ?

We have received a cheque Barloo. As far as I am aware the insurance part of Picture is a separate company so you shouldn't have any problems getting the money.

marshallka

barloo69 wrote: »

Has any Picturites lurking out there received there No Claim Bonus cheque from Picture since they were declared in default ?

You may recall that Ive been offered mine and after a few phone calls to all interested parties, I am of the opinion that accepting the money from Picture is better than waiting for the FSCS as it makes no difference apparently.

That is of course that Picture actually have the funds to pay this from their coffers!!!!
(Bloody should do what with I have to pay them every month!!!)

So has anybody recd a cheque from Picture in the last year ?

This would usually come from the insurer anyway I think. Its usually the premium back but not the interest paid on it.;)

barloo69

Ah positive news. Thank you, couldnt have happened at a more needed time. Barclaycard have started to play not very nicely and want debt repaid so this bonus should keep the wolves away for a while.

busbyh

Response from FSCS re- losses

you for your email of 20 September 2009 about your claim against Picture Financial.
The losses not covered by the Scheme, are in the case where abatement has meant that full compensation cannot be paid, however with insurance claims such as yours we compensate 100% of the first £2000 and 90% of the balance, therefore any recoveries we are able to make would not be passed on.
Your claim is currently with our outsourcers, Deloittes, and we aim to complete all claims within 6 months of declaring the firm 'in default'.
I hope this answers your query.
Yours sincerely

dialysis

busbyh wrote: »

Response from FSCS re- losses

you for your email of 20 September 2009 about your claim against Picture Financial.
The losses not covered by the Scheme, are in the case where abatement has meant that full compensation cannot be paid, however with insurance claims such as yours we compensate 100% of the first £2000 and 90% of the balance, therefore any recoveries we are able to make would not be passed on.
Your claim is currently with our outsourcers, Deloittes, and we aim to complete all claims within 6 months of declaring the firm 'in default'.
I hope this answers your query.
Yours sincerely

Thanks busbyh at least they answered you fairly quickly. They obviously havent had the info they need from picture then for you, usual story still with deloitte, we aim to complete all claims within six months. I am sick of hearing that now. I am going to ring deloitte and see if mine is still there. Will let you know.

busbyh

dialysis wrote: »

Thanks busbyh at least they answered you fairly quickly. They obviously havent had the info they need from picture then for you, usual story still with deloitte, we aim to complete all claims within six months. I am sick of hearing that now. I am going to ring deloitte and see if mine is still there. Will let you know.

Yes, still the same old response:mad: athough still not really sure what abatement means , as we are still not getting the full compensation, and losing out on 10%. They will obviously just go by the rules set for Insurance claims

dialysis

Hi all just had some good news my claim is now completed by deloittes and fingers crossed I should hear within a couple of weeks depending on how fast the FSCS work. Heres hoping thats right :j:j:jI am trying to be optimistic and hope that it is two weeks. I dont know wether to jump for joy or go:eek::eek:I hope we are all going to hear very soon.

busbyh

dialysis wrote: »

Hi all just had some good news my claim is now completed by deloittes and fingers crossed I should hear within a couple of weeks depending on how fast the FSCS work. Heres hoping thats right :j:j:jI am trying to be optimistic and hope that it is two weeks. I dont know wether to jump for joy or go:eek::eek:I hope we are all going to hear very soon.

Brilliant news dialysis:j:j:j:j:j:j
At long last, sure it won't be too long:beer::beer::beer::beer: it's getting closer and closer.....................
:D:D:D:D:D:D