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Missold PPI - Broker in liquidation HELP

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Comments

  • mutron_2
    mutron_2 Posts: 100 Forumite
    Edit - double post
    T-Mobile Default - Default removed thanks to CISAS intervention!
    Magic Loans / Nemo Personal Finance PPI - Awaiting FSCS decision
    Paragon Personal Finance PPI - Awaiting FOS
  • di3004
    di3004 Posts: 42,579 Forumite
    Hi there

    With mine, with the lender also being Nemo, my broker dissolved, delottes contact Nemo for the details, so no worries.;)
    The one and only "Dizzy Di" :D
  • mutron_2
    mutron_2 Posts: 100 Forumite
    Weird. Why would they bother writing to me to ask for proof when surely they need to do that themselves anyway?
    T-Mobile Default - Default removed thanks to CISAS intervention!
    Magic Loans / Nemo Personal Finance PPI - Awaiting FSCS decision
    Paragon Personal Finance PPI - Awaiting FOS
  • di3004
    di3004 Posts: 42,579 Forumite
    mutron wrote: »
    Weird. Why would they bother writing to me to ask for proof when surely they need to do that themselves anyway?


    I know what you mean, I think they do this first as a procedure, then go on to the lender for more details, due to the broker not being any longer available.;)
    The one and only "Dizzy Di" :D
  • di3004
    di3004 Posts: 42,579 Forumite
    Looks like they are moving on with it though, it was a year on after they received my claim form before they requested for any details from me.
    Saying that, even the broker e-loan dissolved it was not until the year after or so they were actually declared in default, yet I am aware that Magic Loans are already declared in default, so you should not be waiting as long.
    Fingers crossed.
    The one and only "Dizzy Di" :D
  • Leela_G
    Leela_G Posts: 82 Forumite
    edited 4 August 2010 at 7:40PM
  • mutron_2
    mutron_2 Posts: 100 Forumite
    True that. I also received a second application from the FSCS so I guess they found the email!

    :rotfl:
    T-Mobile Default - Default removed thanks to CISAS intervention!
    Magic Loans / Nemo Personal Finance PPI - Awaiting FSCS decision
    Paragon Personal Finance PPI - Awaiting FOS
  • squiddly82
    squiddly82 Posts: 4 Newbie
    Hi mutron,

    I'm a newbie poster but long time reader of these threads and just wanted to thank your for this post. I too had a loan brokered through Magic (and funnily enough the lender was Paragon!) with PPI added as a single premium in the region of £8k. Thanks to this thread amongst others I've decided to go the FSCS route with Magic, keeping my fingers crossed for us all, keep us posted :)
  • marshallka
    marshallka Posts: 14,585 Forumite
    squiddly82 wrote: »
    Hi mutron,

    I'm a newbie poster but long time reader of these threads and just wanted to thank your for this post. I too had a loan brokered through Magic (and funnily enough the lender was Paragon!) with PPI added as a single premium in the region of £8k. Thanks to this thread amongst others I've decided to go the FSCS route with Magic, keeping my fingers crossed for us all, keep us posted :)
    Hi, good luck to you on this one too.;)
  • di3004
    di3004 Posts: 42,579 Forumite
    Fingers crossed for you all from me too.;)
    The one and only "Dizzy Di" :D
This discussion has been closed.
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