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time barred
jesr1210sjr
Posts: 6 Forumite
I am trying to claim PPI from G E Money and they are saying my claim is time barred under the Limitation act 1980. What does this mean please ?
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If your complaint is pre-regulation (Jan 2005) then they dont have to consider it unless they are a member of an earlier body. Often, those sales that are pre-regulation and not covered under the FCA complaints process will also see companies quote the limitation act 1980 if the sale took place more than 15 years ago. It is to ward off any idea of you taking legal action (not that you would)I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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thanks for that. yes they say they were not at any time members of GISC. Should I continue ? I do have the original documentation0
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jesr1210sjr wrote: »thanks for that. yes they say they were not at any time members of GISC. Should I continue ? I do have the original documentation
When was the policy taken?
If it was before 2005 then it's game over.0 -
yes it was pre 2005, G E Money were not the lender at the time, the loan was taken out with I Group who are now part of G E Money.0
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There is no way that you can…jesr1210sjr wrote: »Should I continue ?0 -
Who was the underwriter? It should be on the insurance policy document, you might be able to refer your complaint to them if they subscribed to GISC or other relevant codes.0
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Unlikely to help. They only produced the product - they are not responsible for ensuring it was suitable for the consumer.Who was the underwriter? It should be on the insurance policy document, you might be able to refer your complaint to them if they subscribed to GISC or other relevant codes.0 -
If it was Genworth, complain to them and see what they say.Non me fac calcitrare tuum culi0
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