We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Ocean Finance question PPI
Comments
-
Moneyineptitude wrote: »This sentence is completely in error. FOS cannot be used for pre-regulation cases.
Forgot the 't on the end......
I was very tired.Non me fac calcitrare tuum culi0 -
There is an option to consider. If there was a lender involved, Ocean Finance could possibly considered as the "deemed agent" if the lender funded the PPI premium. There may also be a consumer credit license issue as Mr. Newey had an interesting vat avoidance scheme which effectively means that lenders were dealing with an unlicensed credit broker which may be sufficient to establish an unfair relationship under s140A of the Consumer Credit Act 1074 but you would to be careful about limitation period. For more information see European Court of Justice case C-653/11 concerning Mr. Newey.Forgot the 't on the end......
I was very tired.0 -
Mr Newey won't be paying any redress..0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards