Fsa

10Greenbottles_2

Hi,

The loan was taken out in 2007. As I'm not too familiar with the procedures for this etc. I was contacted by Belmont Thornton and they are dealing with the claim/investigation which actually commenced in January 2010, so has been going on for quite a while. They did get an initial response from Wilmslow Finance (on headed paper) and the matter was then referred on, I thought it was the FSA but clearly I have got this wrong. FSCS does not sound right either so I will check paperwork tonight. Anyway, this company also did not think the PPI had been mis-sold and it was referred to the FOS in January this year and I am still awaiting a response!

marshallka wrote: »

It was "over" 7 years ago it was sold. Maybe the OP had submitted it to the FSCS and they have dismissed the complaint due to it being taken after 14 Jan (which is what I think happened). They have been told to go to FOS now BUT again FOS cannot help either if taken since 14th Jan cause Wilmslow/Freedom were not members of the GISC (that I do know).

marshallka

10Greenbottles wrote: »

Hi,

The loan was taken out in 2007. As I'm not too familiar with the procedures for this etc. I was contacted by Belmont Thornton and they are dealing with the claim/investigation which actually commenced in January 2010, so has been going on for quite a while. They did get an initial response from Wilmslow Finance (on headed paper) and the matter was then referred on, I thought it was the FSA but clearly I have got this wrong. FSCS does not sound right either so I will check paperwork tonight. Anyway, this company also did not think the PPI had been mis-sold and it was referred to the FOS in January this year and I am still awaiting a response!

If the loan was taken out in 2007 then it should be the FSCS that are dealing with it. FOS will not deal with it as Wilmslow went into administration.

http://www.fscs.org.uk/news/2011/may/wilmslow-financial-services-plc/

Wilmslow Financial Services PLC

24th May 2011
The Financial Services Compensation Scheme (FSCS) is aware that Wilmslow Financial Services PLC has been put into administration. The FSCS is investigating how it is able to help consumers that have lost money through dealing with the firm.
The company was an insurance broker whose main focus was providing Payment Protection Insurance (PPI). Customers of the firm do not need to contact the FSCS.
We will publish an update on Wilmslow Financial Services as soon as more information is available.
The FSCS protection for insurance broking is 90% of any eligible claim with no upper limit.

They have not been declared in default yet but if you can cancel the reclaim company I definately would do. IF you do then also tell the FOS and FSCS that "you" are dealing with yourself. It may be that the FSCS get in touch with you direct about this (like they did with Welcome Finance). FIrst check that you have not signed anything that may mean that you cannot break free. You have to remember that you have NOT yet received an offer from the FSCS.

Check you terms and conditions with Belmont.