loancheck/solicitors claiming ppi

marshallka

THOMAS123 wrote: »

The old Loancheck ceased trading in 2006 and the new one (Severn Administration) started in early 2007.

Most of the work came from Professional Investments Limited (Petermb) until they went bust in Summer 2008.

Loancheck Foundation (now yourloancheck.com limited) started in January 2008

I think most people here would have been dealt with by The Loancheck Foundation

If you look at loancheck.eu/company.asp it clearly states "LoanCheck has also established the infrastructure necessary to allow consumers to pursue lenders in such a way that they can do so without further financial risk to themselves".

Thomas just been going over lots of posts and you say that you would think most people on here went through Loancheck Foundation WHEN in fact Loancheck Foundation (now called yourloancheck.com Ltd) were not regulated by MOJ until

Yourloancheck.com Ltd Shrops Financial products/servi... Authorised Business 03/08/2009

I am confused here?

The only one trading before was Severn Administration and that IS in administration and also they changed their name to Salop. IF most on here wnet through Severn administration then their administrators will know more about what to do.

THOMAS123

marshallka wrote: »

Thomas just been going over lots of posts and you say that you would think most people on here went through Loancheck Foundation WHEN in fact Loancheck Foundation (now called yourloancheck.com Ltd) were not regulated by MOJ until

Yourloancheck.com Ltd Shrops Financial products/servi... Authorised Business 03/08/2009

I am confused here?

The only one trading before was Severn Administration and that IS in administration and also they changed their name to Salop. IF most on here wnet through Severn administration then their administrators will know more about what to do.

Many of the clients went via the loancheck.co.uk website claculator which was operated by The Loancheck Foundation from January 2008.

However, people like Protected Investments who introduced cases to Loancheck had their own website.

The key will be which firm's name was on the SAR

lesley65

marshallka wrote: »

Only some complaints though maxdp as some ill be out of time won't they?

But surely all complaints 2 years old would have gone somewhere in the system. I cannot understand as ALL these complaints would have already been risk assessed by Loancheck and then sold to solicitors (if solicitors had to pay for the cases!!). I would think that SOME work should have been done. Didn't the solictors have to pay Loancheck for the cases. How did that work? Where did they get their money from to pay for the cases. I am sure there was a post about it and will try and find it.

hi marshallka

this is what my solicitor told me, the claims had been risk assessed by loancheck (hence the audit fee) the solicitor obtained a loan from barclays to pay for the audit fee (which they claim they would claim back from the lender) once this had been claimed back then the solicitor would then pay back barclays.
i think the trouble is loancheck were risk assessing the loans for claiming back more than just the ppi (secret commissions etc) which was boosting the claim to over £5000, the last time i spoke to my solicitor he said that the extra reasons for claiming would now not stand up in a court of law(makes you wonder why they could 18 months ago) and he was only going after the mis selling of the ppi (which is all i ever wanted anyway) by the time i have paid the solicitor back the audit fees i should come out of it with about £800 (i have 5 claims with him altogether) and although it would be nice to have it all back i feel that £800 would help out me and my family a great deal so don't really want to rock the boat by reporting him, others and this whole situation and then coming out with nothing at all. (trust me i would love to take this further and scream from the roof tops about not only how i have been mislead but lots of others on here too).


lesley x

esmerellda

If people are having problems with the solicitors involved, write to them giving them 28 days to respond to your concerns, and if they dont sort it out within those 28 days you can take the complaint to the Legal Complaints Service - see their website https://www.legalcomplaints.org.uk 0845 608 6565 .

lesley65

THOMAS123 wrote: »

Many of the clients went via the loancheck.co.uk website claculator which was operated by The Loancheck Foundation from January 2008.

However, people like Protected Investments who introduced cases to Loancheck had their own website.

The key will be which firm's name was on the SAR

Hi Thomas

i went to laoncheck via peters protected investments, he told me in january 2008 that most lenders were settling cases within a 3 month period (lol, 2 years later and its still going:mad:). after i chased him he told me that he was now going to try and do it through his new company feather finance, i had to fill in feather finance forms and send him 5 blank cheques so he could obtain the sar's but was told not to worry it would still be sorted in about 3 to 4 months.
so i don't know which firms name would be on the sar, how would i find that out? do you know? why would this make a difference?

lesley x

THOMAS123

lesley65 wrote: »

Hi Thomas

i went to laoncheck via peters protected investments, he told me in january 2008 that most lenders were settling cases within a 3 month period (lol, 2 years later and its still going:mad:). after i chased him he told me that he was now going to try and do it through his new company feather finance, i had to fill in feather finance forms and send him 5 blank cheques so he could obtain the sar's but was told not to worry it would still be sorted in about 3 to 4 months.
so i don't know which firms name would be on the sar, how would i find that out? do you know? why would this make a difference?

lesley x

Hi Lesley

Loancheck, Protected Investments, Feather etc all were acting on your behalf to deal with the Lender.

They have to be specifically named on the SAR with your signed authority otherwise the Lenders can ignore them.

Whoevers name is on the SAR will tell you which company holds your information.

marshallka

http://www.claimsregulation.gov.uk/userfiles/file/Who%20needs%20to%20be%20authorised.pdf

This document says about who and who not need be authorised.

marshallka

THOMAS123 wrote: »

Many of the clients went via the loancheck.co.uk website claculator which was operated by The Loancheck Foundation from January 2008.

However, people like Protected Investments who introduced cases to Loancheck had their own website.

The key will be which firm's name was on the SAR

But Loancheck foundation from Jan 2008 were not regulated by MOJ so were they exempt or something? They only became authorised since August, 2009 according to MOJ or am I missing something????

Protected Investments Limited

Protected Investments Li... Leics Financial products/servi... Authorisation Surrendered 30/12/2008

esmerellda

marshallka wrote: »

But Loancheck foundation from Jan 2008 were not regulated by MOJ so were they exempt or something? They only became authorised since August, 2009 according to MOJ or am I missing something????

CRM3217 - Salop Management Ltd (in administration) Trading Names: Loancheck
Authorised Business 04/05/2007

marshallka

esmerellda wrote: »

CRM3217 - Salop Management Ltd (in administration) Trading Names: Loancheck
Authorised Business 04/05/2007

Yes but lots did not go through Severn. They went through Loancheck Foundation didn't they? Or are you saying cause Severn were authorised that the others didn't need to be? Could the above Loancheck referral be about

D LOANCHECK LIMITED Dissolved 07/05/2008