Ocean Finance PPI

src007

http://www.financial-ombudsman.org.uk/publications/complaints-data/earlierdata-index.htm

PPI falls under 'general insurance' (but this is mostly PPI). You may want to look for resolve cases and % resolved in favour of the consumer.

amersall

http://www.financial-ombudsman.org.uk/publications/complaints-data.html
http://www.financial-ombudsman.org.uk/publications/ombudsman-news/91/91-ask.htm

amersall

src007 wrote: »

http://www.financial-ombudsman.org.uk/publications/complaints-data/earlierdata-index.htm

PPI falls under 'general insurance' (but this is mostly PPI). You may want to look for resolve cases and % resolved in favour of the consumer.

Sorry, you were faster than me

the_knitting_drummer

amersall wrote: »

Sorry, you were faster than me

:DYou both beat me to it!;)

HAVEFAITH

Hi,

I am trying to find other Ocean Finance stories - successes or not before I consider what to do next. It appears my ppi was 'front loaded' but I'm awaiting a response to a DSAR request.

Many thanks in advance!

cria28

I had a loan arranged by Ocean Finance (loan was with GE Money) in July 2004 with mis sold front loaded PPI of £1040. I know I can't take this to the FOS so am I wasting my time? I have sent OF the complaint yesterday so will await their response.

Kind regards
Cath
x

the_knitting_drummer

cria28 wrote: »

I know I can't take this to the FOS so am I wasting my time? I have sent OF the complaint yesterday so will await their response.
x

If you sent the complaint off yesterday then you've already wasted your time, so all is good. Who knows, miracles sometimes happen.

Best of luck

amersall

cria28 wrote: »

I had a loan arranged by Ocean Finance (loan was with GE Money) in July 2004 with mis sold front loaded PPI of £1040. I know I can't take this to the FOS so am I wasting my time? I have sent OF the complaint yesterday so will await their response.

Kind regards
Cath
x

You may not be able to take this to Fos, but see what reply you get, dont hold your breath, but you never know
If you get rejected, then you could go for the insurer. Wait for your reply first and post it up and we may be able to help you with the next step.

Flyingspanner

I've posted this letter to OF&M Ltd today, lets see how I get on

[FONT=ArialMT, sans-serif]I took out the above referenced loan and was sold Payment Protection Insurance with it in January 2007, at a cost of £4017.60 inc interest.[/FONT]
[FONT=ArialMT, sans-serif]I now wish to claim back my premiums plus interest. [/FONT]
[FONT=ArialMT, sans-serif]This policy was mis-sold, I contend, for the following reasons.[/FONT]


• [FONT=ArialMT, sans-serif]I was employed at the time but your staff did not inform me that any change to this[/FONT]
[FONT=ArialMT, sans-serif]could invalidate sections of the policy during its life. I was not asked about any[/FONT]
[FONT=ArialMT, sans-serif]intended charges or informed or warned of their effects on the policy.[/FONT]
• [FONT=ArialMT, sans-serif]Your staff led me to believe that taking out a policy was a pre-condition of applying for a loan.[/FONT]
• [FONT=ArialMT, sans-serif]Your staff led me to believe that taking out a policy would improve my chances of a successful application for a loan.[/FONT]
• [FONT=ArialMT, sans-serif]Your staff subjected me to high pressure sales tactics, including what might happen to my family if I failed to buy a policy.[/FONT]


[FONT=ArialMT, sans-serif]I now contend that I was mis-sold this policy. I claim back all the premiums and[/FONT]
[FONT=ArialMT, sans-serif]interest I have paid in connection with this payment protection insurance policy plus[/FONT]
[FONT=ArialMT, sans-serif]statutory interest at 8% (or whatever other rate the courts might order) from the first[/FONT]
[FONT=ArialMT, sans-serif]payment that I made until the date of your settlement of this claim.[/FONT]
[FONT=ArialMT, sans-serif]I would like a reply as soon as possible but, in any case, within the eight weeks[/FONT]
[FONT=ArialMT, sans-serif]allowed for responses to complaints by the Financial Services Authority.[/FONT]

ozric

Did you ever get any joy from claims against Ocean Finance?