Can i claim PPI from a company that have ceased trading?

LTQ

I took out a loan from Mint around 2005, after a couple of years i found myself out of work and behind on my repayments, but i found another job and began clearing the arrears.

It was around this time that the miss-sold PPI "scandal" broke. At the time of taking out the loan i was told that to get the low interest rate i needed to take out PPI, which now we all know is a complete lie. I wrote to Mint to ask for a refund, the only response I got from them was a foreclosure on the loan. There was no way i could come up with all the money so it was then passed to a debt management company.

I could really do with the money i would receive from a successful PPI claim so i was thinking of trying again.

My questions are these:

Was foreclosing on the loan legal?
Was their lack of response on my refund claim legal?
This was about 5 years ago so am i too late?
Mint appear to be no more as their website says they are no longer accepting new loan and credit card applications, but they are/were owned by RBS, am i still able to claim from a company that as theoretically ceased to be?

Thanks in advance for your help.

di3004

LTQ wrote: »

I took out a loan from Mint around 2005, after a couple of years i found myself out of work and behind on my repayments, but i found another job and began clearing the arrears.

It was around this time that the miss-sold PPI "scandal" broke. At the time of taking out the loan i was told that to get the low interest rate i needed to take out PPI, which now we all know is a complete lie. I wrote to Mint to ask for a refund, the only response I got from them was a foreclosure on the loan. There was no way i could come up with all the money so it was then passed to a debt management company.

I could really do with the money i would receive from a successful PPI claim so i was thinking of trying again.

My questions are these:

Was foreclosing on the loan legal?
Was their lack of response on my refund claim legal?
This was about 5 years ago so am i too late?
Mint appear to be no more as their website says they are no longer accepting new loan and credit card applications, but they are/were owned by RBS, am i still able to claim from a company that as theoretically ceased to be?

Thanks in advance for your help.

Hi and welcome

First of all is the company that sold you the product is no longer active and gone down under, they may be listed with the Financial compensation scheme (FSCS), and the business would have to have been regulated by the FSA for the FSCS to take the case on, and I assume the bank/business you complaining about were then regulated as you had taken out the finance after 14th Jan 2005.

So what I would do is contact the FSCS, ask if the business are listed with them, and if they are, they will arrange to send you a claim form in the post, you may be able to complete one online now, not sure, as its been some-time since I made a successful reclaim through the FSCS.

http://www.fscs.org.uk/contact-us/

So basically as long as you have reasons, you can put in a claim form.
If you believe the product was wrongly sold to you, then do go for it.
And no your not too late.

Hope this helps, good luck.

dunstonh

Mint do exist. They were absorbed into RBS.

aeu96197

dunstonh wrote: »

Mint do exist. They were absorbed into RBS.

^^^This.

Write your complaint to RBS Group. Refer to your MINT loan, and say you want to reclaim PPI.

RBS may not uphold your complaint (in which case you can go to the Ombudsman), but it has to deal with it.