PPI Reclaiming successes and failures

pinknico

As far as I know the insurance company will pay you that not Picture. Tell the FSCS how much you have been given.
You could also call the FSCS on Tuesday and ask them about it.

funkyc27

pinknico wrote: »

As far as I know the insurance company will pay you that not Picture. Tell the FSCS how much you have been given.
You could also call the FSCS on Tuesday and ask them about it.

He he pinknico its us again talking picture!! wonder if it will change what happens when they decide if picture is in default

pinknico

Picture need to be declared in Default and then our claims can be looked at by the FSCS to see if they were mis sold. If your claim was mis sold then the FSCS should repay all premiums that have been paid towards the PPI, not sure if they add the interest at the FSCS. Then the remaining PPI on the loan should be removed (by Picture) and your monthly payments should be lower. But that is only my take on things, someone else may know better.
Cant remember how many weeks its been since gumbi said 6-8 weeks til Picture in Default.

funkyc27

pinknico wrote: »

Picture need to be declared in Default and then our claims can be looked at by the FSCS to see if they were mis sold. If your claim was mis sold then the FSCS should repay all premiums that have been paid towards the PPI, not sure if they add the interest at the FSCS. Then the remaining PPI on the loan should be removed (by Picture) and your monthly payments should be lower. But that is only my take on things, someone else may know better.
Cant remember how many weeks its been since gumbi said 6-8 weeks til Picture in Default.

Bet i will be old and gray and still waiting! I really could do with the 2k rebate in september as i need a new car!! lets hope its all sorted asap, not sure when i last read gumbi's post about default
`come on FSCS lets get moving hey??`

pinknico

Hello Funky, Picture Buddy! The 6-8 weeks takes us to the end of MAY middle of June. If your case is not settled by September you are still entitled to your rebate.

funkyc27

pinknico wrote: »

Hello Funky, Picture Buddy! The 6-8 weeks takes us to the end of MAY middle of June. If your case is not settled by September you are still entitled to your rebate.

Yippee Yippee so i will be getting my money either way! it will be interesting to see how they will calculate our compensation if we get it, i bet it will work out about 2k haha, as longs as my monthly payments go down then it will be ok!

JaneH_3

Thanks di3004. He is over the moon. Just had interested paid now and it amounted to £1,600 on top of premium repayments of £2088. Totally amazed at that as we didnt expect as much as that for the interest but great news.

di3004

pinknico wrote: »

Hello Funky, Picture Buddy! The 6-8 weeks takes us to the end of MAY middle of June. If your case is not settled by September you are still entitled to your rebate.

Do you think it may be the same for Twopart as well ? lol

di3004

JaneH wrote: »

Thanks di3004. He is over the moon. Just had interested paid now and it amounted to £1,600 on top of premium repayments of £2088. Totally amazed at that as we didnt expect as much as that for the interest but great news.

I bet he is over the moon :j:j
Fantastic Jane, this is wonderful news.:T:T

So Happy for you.:beer:

funkyc27

di3004 wrote: »

Do you think it may be the same for Twopart as well ? lol

lets hope so my dear waiting friend