Carrington Carr Home Finance in administration

Angry_Cat

The people running Carrington Carr have escaped all their liabilities (potential) for mis-selling ppi and to get a second bite out of consumers, they have set up a claim management company

https://www.duedil.com/company/06994591/consumer-money-matters-limited

ado

Angry_Cat wrote: »

The people running Carrington Carr have escaped all their liabilities (potential) for mis-selling ppi and to get a second bite out of consumers, they have set up a claim management company

https://www.duedil.com/company/06994591/consumer-money-matters-limited

Same directors, same telesales agents, same sales managers, same hard sell techniques, same address, same BMW's and Lambos in the car park...

[Deleted User]

blossom_tree wrote: »

can we speak with the ombudsman, or would we be wasteing their time. Or is it down to our own stupidty, now older and wiser.

It's pre-regulation so you have no recourse to the Ombudsman. Time to move on...

curious_d

Hi we have recently received a letter from Martin Kaye telling us that we may have been sold with unfair contract terms in between 1995 & 31 October 2004 by Carrington Carr, an spppi. When I went through my records it seems we paid over £6000 spppi when we remortgaged with Northern Rock in August 2003. Can anyone advise us on our next step? Can we claim it back as it was pre November 04? Are we best going through Martin Kaye or do it ourselves?

dunstonh

curious_d wrote: »

Hi we have recently received a letter from Martin Kaye telling us that we may have been sold with unfair contract terms in between 1995 & 31 October 2004 by Carrington Carr, an spppi. When I went through my records it seems we paid over £6000 spppi when we remortgaged with Northern Rock in August 2003. Can anyone advise us on our next step? Can we claim it back as it was pre November 04? Are we best going through Martin Kaye or do it ourselves?

Single premium PPI is regarded as mis-sale in the majority of cases. It is an easy complaint.

However, your sale is pre-regulation. So, unless it is an L&G product you were sold, then you wont be able to complain. L&G took on liability for the L&G products CC sold but not any non L&G products. If it is an L&G product then complain to L&G.

eboy1975

Dunstonh - have you checked with FOS recently? I think you will find information given to previous poster is incorrect.

FOS have held the product packager responsible for Carrington Carr sales from Aug 03 to M-day.

dunstonh

FOS have held the product packager responsible for Carrington Carr sales from Aug 03 to M-day.

I know L&G carried the liability for sales from a given date but dont know what that date is. So, are you saying its Aug 03?

eboy1975

From Aug 03 to M-day, the product packager (between underwriter and seller) is on the hook - not LGPS.

If you want any further info, PM me.

dunstonh

1. Has it now changed & are we now able to claim on a pre-reg package? if so who to?

Nothing has changed. Single premium MPPI was always been frowned upon. It should have been monthly premium MPPI (typically paid by direct debit from your current account). This is how good MPPi is set up.

2. What do they mean by 'unfair Contract terms'? - is this just tactics to try to hook us & get us to call.

its a tactic to get you to call them. The contract terms are not unfair. How it was set up was wrong.

3. I've read in some of these threads it may also be possible to claim regarding the lifetime fee, is that possible here?

If you paid for that, then yes it is.

montytb4

Thanks for the reply Dunstonh,
So is the letter correct in that we can raise a complaint against the pre Nov 2004 mis-sold SPPPI? or are chances less than slim?


Yes we paid their one off fee - it was also added to the mortgage.


If I remember correctly when we used them we went from a £42K mortgage to a £56K one, the rep said we had to consolidate a car loan onto the mortgage (so I am now still paying for a car I no longer have!), then there was the SPPPI premium, their fee, plus the early settlement fee for the original mortgage. I know now we made a big mistake using them!


cheers