CT Capital (FirstPlus) have declined PPI mis-selling

yvelotte_2

Hi,
I have just recieved a letter from CT Capital Plc regarding my claim for mis-selling PPI.
The loan was taken out in January 2005 and I declined the PPI as my husband at the time wouldn't have been covered due to his medical background and if I was to be off I got 10 months full salary. They sold it to me stating that I should think of it as a savings plan and if in 5 years I hadn't claimed I would get the money back!
In November 2006 I paid the loan off and went to claim back my money but was told this was never the case and I wasn't entitled to anything - I paid back WAY more than the loan actually was..
I put in a complaint and they came back stating that as the sale was made on the 10th January 2005 which was prior to the regulation of general insurance by the Financial Conduct Authority was came into effect on the 14th January 2005 there was nothing I could do. I contacted the FSA at the time and they weren't interested either.
Earlier in the year I got contacted by a company trying to make a claim on my behalf who advised that this no longer mattered and I was still entitled to make a claim.....not wanting to pay the huge percentage that they wanted to make the claim on my behalf, I set about making a claim again.
Today I have recieved the same letter as before, however this time they have also added that as it was more than 6 years ago they do not intend to respond any further.

Because of the dates, are they right in what they are saying? I'm I genuinely not covered by the FSA (by 4 days :sad::sad:) or is it worth me taking this up again with the FSA.

Many thanks in advance

dunstonh

Earlier in the year I got contacted by a company trying to make a claim on my behalf who advised that this no longer mattered and I was still entitled to make a claim

It does matter. It is a line in the sand. You fell the wrong side of it. The claims company were giving you BS.

Because of the dates, are they right in what they are saying?

yes

I'm I genuinely not covered by the FSA (by 4 days ) or is it worth me taking this up again with the FSA.

The FSA told you before they dont want to know. That hasnt changed. The company was not regulated by the FSA. So, the FSA has no remit over them for sales prior to regulation.

A very tiny number of cases could see the insurance company liable. You could try them but dont get your hopes up. It only sees success in a small minority of cases.