PPI Help

PsychicLC

I was contacted by a PPI claims company. to be honest I had no idea I had had a PPI - it was for a lot of money £1770 and I was and still am self-employed so it was mis sold. The loan was found through a broker who are no longer trading. However, the credit agreement has the lender's name on it with the PPI on it.
The Lender rejected the claim and so have the underwriters. Lender is Blemain finance and underwriters Aviva. But it says on my documents "premier writers ltd"

The claims company have now said they feel they cannot continue with my case so have basically advised me to write to the Ombudsman.

I am super frustrated because I have wasted a year with this and still had nothing back when millions of other people are getting their PPI's paid back no problem.:mad:

I took the loan out 2004 so I am unable to claim through the Government compensation scheme.

I am complaining to the Ombudsman who have told me they can go direct to the lender and skip the 8 week response period as I have the rejection letter from them.

Does anybody have any advice please?

I feel sick as I was definitely duped into this PPI.

Who is responsible? the lender or the underwriter?

Also if the 8 week response period can be surpassed due to letters of rejection - does anyone know how long the Ombudsman will take to deal with the complaint.

Who is responsible? Lender or Underwriters as broker no longer trading. All my dealings were with the lender and I have no recollection of dealing with the broker.

Thanks

DevCoder

The person who sold it to you is responsible, so in this case the broker. Not the Lender.

Are you sure self employment wasn't covered by the PPI? Some PPI did allow this.

dunstonh

I am super frustrated because I have wasted a year with this and still had nothing back when millions of other people are getting their PPI's paid back no problem.

And many of them are also getting rejected too. Its not a 100% uphold rate.

I am complaining to the Ombudsman who have told me they can go direct to the lender and skip the 8 week response period as I have the rejection letter from them.

The lender will have no liability in the vast majority of cases. This is just the FOS trying it just in case it is one of those very rare cases where they do.

Who is responsible? the lender or the underwriter?

The broker.

does anyone know how long the Ombudsman will take to deal with the complaint.

12-18 months. Possibly longer if they decide to try the underwriter next (again, in most cases that wouldnt work but in a tiny minority of cases, it may).

[Deleted User]

PsychicLC wrote: »

The claims company have now said they feel they cannot continue with my case so have basically advised me to write to the Ombudsman.

If the claims company have given up then, seriously, what do you think your chances are now? The claims company would not "give up" unless there was no realistic chance of ever getting their commission.
Incidentally, if you refer your complaint to the Ombudsman and it is eventually (somehow) upheld you will still have to pay the claims company!

PsychicLC

I won't have to pay claims company as it is no win no fee. They told me there is no charge. Also I found out yesterday the broker was owned by another company who are still trading . Their name is on the loan paperwork. I'm wondering if I can take complaint to them.

[Deleted User]

PsychicLC wrote: »

I won't have to pay claims company as it is no win no fee.

You will indeed have to pay them if the complaint is eventually upheld by FOS.

Nasqueron

PsychicLC wrote: »

I won't have to pay claims company as it is no win no fee. They told me there is no charge. Also I found out yesterday the broker was owned by another company who are still trading . Their name is on the loan paperwork. I'm wondering if I can take complaint to them.

Get that in writing so it clearly says they no longer represent you and there is no contract any more to avoid the risk of losing money if you somehow get lucky in the future

PsychicLC

magpiecottage wrote: »

There is no Government compensation scheme. The Financial Services Compensation Scheme forces financial services businesses that were nothing to do with the firm at fault to chip in and compensate the compalinant.

.. Maybe. However, without knowing the names of both businesses it is impossible to make a call.

Looking at your board name I am tempted to ask "shouldn't you have seen that coming?" and "why not communicate with the 'dead' business?"[/QUOTE]

Magpiecottage
I do not think mocking my username or what I do for a living is appropriate at all. I did not join this forum to have sarcastic puerile comments made towards me. I joined as I know that people on here are usually very good with advice in monetary situations.
There really was no need whatsoever for that. I am actually disgusted.

dunstonh

I do not think mocking my username or what I do for a living is appropriate at all.

It can be relevant. At least your occupation. Ability to understand is considered by the FOS and occupation is one way to measure that.

As for the name, you need to lighten up.

Nasqueron

I do hope you're not one of these people who take money and say you can talk to dead people or read minds or predict the future, bad as the PPI claims companies for taking money for doing nothing.

If you want some money, James Randi has a $1m competition for anyone who can demonstrate, in proper scientific testing, any sort of paranormal activity

magpiecottage

dunstonh wrote: »

As for the name, you need to lighten up.

I think a comment of the nature that I made was entirely foreseeable - as is the fact that the claims company is likely to want its pound of flesh if the OP is successful.