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FSCS how long and a few other q's

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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 :/

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  • di3004
    di3004 Posts: 42,579 Forumite
    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.
    The one and only "Dizzy Di" :D
  • Jamesdt
    Jamesdt Posts: 10 Forumite
    Seventh Anniversary First Post Combo Breaker
    great thanks they said they had eveyrthing they need from me and its with deloitte cant wait now hope its soon!
  • di3004
    di3004 Posts: 42,579 Forumite
    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;)
    The one and only "Dizzy Di" :D
  • di3004
    di3004 Posts: 42,579 Forumite
    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
    The one and only "Dizzy Di" :D
  • Jamesdt
    Jamesdt Posts: 10 Forumite
    Seventh Anniversary First Post Combo Breaker
    will i get interest ontop of the orignal ppi amount?
  • amersall
    amersall Posts: 17,035 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    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
    fluffyboots Posts: 36 Forumite
    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
    fluffyboots Posts: 36 Forumite
    sorry to confirm my PI was about £3700 I think
  • fluffyboots
    fluffyboots Posts: 36 Forumite
    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
    amersall Posts: 17,035 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Fingers crossed x.
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