FSCS how long and a few other q's

Jamesdt

just wondering as ive sent off my form to fscs and spoke to them today they have sent them to data gathering on 29/03 whatever that means? how long roughly does it take from there and also the ppi amount was 4009 do i get interest ontop of that the loan was with nemo but brockered through freedom finance.

thanks in advance sorry if any of the above is unclear as im on a mobile

di3004

jamesdt wrote: »

just wondering as ive sent off my form to fscs and spoke to them today they have sent them to data gathering on 29/03 whatever that means? how long roughly does it take from there and also the ppi amount was 4009 do i get interest ontop of that the loan was with nemo but brockered through freedom finance.

thanks in advance sorry if any of the above is unclear as im on a mobile

Hi James

If Freedom are already declared in default (despite them going down under), then it could just be a matter of a few weeks to maybe 2 months at most (is my guess), if the business are waiting to be declared in default by the FSCS, it will take that little longer.

It sounds like they are gathering all the info and passing it on to be dealt with by a team called Deloittes (I also made a claim through the FSCS where the lender was also Nemo but the broker who went into default was Twopart ltd -eloan.
Mine had taken longer because even though the business were listed with the FSCS, it was just a matter of the business being declared in default.
But as said if they are already then you shouldn't be waiting much longer.

If the FSCS/Deloittes require further info, they will write to you.

Good luck.

Jamesdt

great thanks they said they had eveyrthing they need from me and its with deloitte cant wait now hope its soon!

di3004

jamesdt wrote: »

great thanks they said they had eveyrthing they need from me and its with deloitte cant wait now hope its soon!

Your welcome and fingers crossed, please keep us posted.:D;)

di3004

Just checked now for you on the FSCS site, looks like they are already in default, so all is well then.;)

Search for companies in default

You can search our database to see if the firm you are making enquiries about has already been declared in default by the FSCS. This means that the FSCS is satisfied that it is unable, or likely to be unable, to pay claims against it. This opens the way for the firm's customers to make a claim for compensation to us.

Find out if your company is listed in our database


Company name:

• Wilmslow Financial Services Plc formerly Freedom Finance Plc, Freedom Finance Limited
  
  Declared in default 26th July 2011

Jamesdt

will i get interest ontop of the orignal ppi amount?

amersall

You will get compensated for the PPI, you will get the first £2000 of the PPI back and then 90% of the PPI upwards of that amount.

fluffyboots

Deloittes are also handling my Freedom Finance PPI claim they told me they are waiting for more info from GE money, I will report back on the resultss

fluffyboots

sorry to confirm my PI was about £3700 I think

fluffyboots

hi all

Spoke to Deloltte last week they told me my claim is with the assessors all the info is there and should hear within the next 6 weeks- I will report back.

amersall

Fingers crossed x.