Southern Pacific personal loans ltd

Tillydot

I wonder if anyone has any details and address for Southern Pacific. I had a loan with them in 2002 and although self employed they just added £2,500 up front. I have filled in the fos questionairre and worked out the amount they owe me but worried they may no longer be active in this country?

-taff

They closed in 2007 according to the beauty of google.
I tyhink you now complain to Acenden, but you'd better spend some time looking on google to find out who you complain to.

Tillydot

I sent all of the details to Acenden, regarding my SPPL and they wrote back and said I needed to contact the broker and they gave the address for them, this was returned by the po as no longer there. Eventually found the brokers which are in liquidation and with the company who are now dealing with it. Sent them all of the stuff again and they have written back and said I need to fill in an authority form which I have and sent back.

It was a secured loan with an upfront £2,500 added for ppi, which I never asked for and which I didnt need as I my job paid me 12 months sick leave. I paid the loan off a year later and did get a refund of but I have worked out they still owe me £1000.

As it was 2001 and paid off 2002, I would anticipate Loans co uk (broker) will say that they were not regulated so do not have to take any further action. Now this is where I'm confused if that is the case, would the Ombudsman say the same thing and turn me down, and would I then apply to the insurance company. I have all of the paperwork.

Thank you for any help you can give to me.

dunstonh

SPPL only sold via brokers. So, the response you are getting is correct.

Your complaint is now over.

The FOS will not consider it as it is pre-regulation. You cannot use the FSCS as it is pre-regulation.

Tillydot

Thanks for the quick reply, appreciate it. At last I have found out. I have asked on another site and was told I had a chance. I have another south pacific loan which I actually took to court this was pre regulations but then it went to court for the ppi it was in 2006. I had applied the wrong name as it should have been the London Mortgage Company, and they were bought out by sppl. Probably the same situation that it was a broker and they wouldnt have to pay out. Also, one last thing I have a small amount on a citibank card, its only about £50 ppi but would it was again pre 2005? Thanks for your help.

dunstonh

Also, one last thing I have a small amount on a citibank card, its only about £50 ppi but would it was again pre 2005?

Credit cards are different as they had a previous body they were signed up to and FSA regulation was treated as continuous to that and back dated. So, the 2005 date does not apply to them (or banks).

roonaldo

Tillydot wrote: »

Thanks for the quick reply, appreciate it. At last I have found out. I have asked on another site and was told I had a chance.

sounds like CAG, they will say "go get em" "you will get a refund" based on no facts.

dunstonh is correct, your complaint is against the broker who is unlikely to be trading and the sale wont be under FOS jurisdiction as a pre-reg sale

betty_bop

I have had a letter from Capital One, advising me they have bought some of London Personal Loans, and that they have noticed im am due the ppi back on the loan. .... I will keep the forums posted