Picture loans

bungly

Hi.

I took out a loan from picture finance about 5 yeaqrs ago for £60000.00.
I was told that I had to use their insurance and that I would get the money back in three instalments after three years.

I have rec'd two instalments so far.

Is it possible I can still claim.

di3004

bungly wrote: »

Hi.

I took out a loan from picture finance about 5 yeaqrs ago for £60000.00.
I was told that I had to use their insurance and that I would get the money back in three instalments after three years.

I have rec'd two instalments so far.

Is it possible I can still claim.

Hi and welcome

Yes you can still make a reclaim (I take it you mean a reclaim and not a claim on the policy).

However, if it were this business that sold you the account, these are in default, therefore you make a reclaim through the financial compensation scheme (FSCS), details below, contact them to ask them for a claim form, they will arrange to send you this in the post, below again there is also a link I posted some-time ago on making reclaims through the FSCS, you will note the main of them are Picture customers, hope this helps, good luck.

http://www.fscs.org.uk/uploaded_files/Publications/declarations/2009/picture_financial_default_release_final.pdf

http://www.fscs.org.uk/

https://forums.moneysavingexpert.com/discussion/1897143