PPI Reclaiming successes and failures

Nigelmaher

I put a claim in for ppi against GE money it was on a loan for 60,000 so it quite a lot of ppi. i received a letter from them this morning admitting that they provided the finance for the ppi but they did not sell it to me, that was a company called loans 4 you and that i should claim against them.
This sounds to me like they are just trying to pass the buck.
Should i continue my claim against ge money or start a new claim against loans for you. any help would be appreciated.
GE money aslo said this was there final response, do you think they are trying to stop me continuing i don't want to give up on this has the ppi amounts to 12,000

di3004

Nigelmaher wrote: »

I put a claim in for ppi against GE money it was on a loan for 60,000 so it quite a lot of ppi. i received a letter from them this morning admitting that they provided the finance for the ppi but they did not sell it to me, that was a company called loans 4 you and that i should claim against them.
This sounds to me like they are just trying to pass the buck.
Should i continue my claim against ge money or start a new claim against loans for you. any help would be appreciated.
GE money aslo said this was there final response, do you think they are trying to stop me continuing i don't want to give up on this has the ppi amounts to 12,000

Hi there

If this was not GE money that sold you the finance then you write to the other as they stated, for GE money to say its the final response gets me thinking though, because they just confirmed they were not responsible and it was loans4u.
Maybe GE money are just stating that this will be the final decision from them.
So get a photocopy of the letter you received from them, and a copy of the letter you sent to GE money, and sent it to loans4u, this way this finance business will be aware that you have already tried GE money, and confirmed its them that are responsible.

Found these details here of loans for you, but according to checking them out on companies house they dissolved.
What year did you take out this loan? There may be other ways around this.

Name & Registered Office:
LOANS FOR YOU LIMITED
145 WHITELADIES ROAD
CLIFTON
BRISTOL
BS8 2QB
Company No. 04459318


Status: Dissolved 14/04/2009

Nigelmaher

I took out the loan 30th april 2004. Ge money did mention in their letter that loans4you were no langer trading. I never remember dealing with loans4you the original statements from 2004 are from a company called first national home finance

di3004

Nigelmaher wrote: »

I took out the loan 30th april 2004. Ge money did mention in their letter that loans4you were no langer trading. I never remember dealing with loans4you the original statements from 2004 are from a company called first national home finance

Wonder if the FOS will be able to investigate where you should take this from here.
I would, when you have some spare time in the week, contact the Financial ombudsman service (FOS), and ask if they can check where you take this from here, they have with mine and many more on here, and I was in the same position as you here, with the business dissolved, the FOS have recently taken mine on with pursuing the underwriters/insurers instead.

Have you any paperwork at all showing the name of the insurers by any chance?
If not then the lender GE money should be able to supply these details to you.

Details of the FOS here:
http://www.financial-ombudsman.org.uk/contact/index.html

di3004

I was going to suggest the Financial compensation scheme as well also known as the FSCS.
http://www.fscs.org.uk/contacts/

Sometimes when the business have dissolved, you can take it this direction, but this will also depend if loans for you were actually regulated as such by the FSA etc, however there is on harm in ringing them just to make sure and ask if they have them listed with them.
If they do, then you make a claim through these.

But otherwise I would contact the FOS as suggested in my above post, they should be able to check on this one for you on your behalf.;)

Nigelmaher

Thanks for your help

di3004

Nigelmaher wrote: »

Thanks for your help

Your welcome.;)

There are ways around this, so keep at them.
Please keep us posted, cheers.:beer:

Nigelmaher

I have just found the original loan document and it says that the ppi is underwriiten by a company called Pinnacle Insurance plc. should I contact them ?

di3004

Nigelmaher wrote: »

I have just found the original loan document and it says that the ppi is underwriiten by a company called Pinnacle Insurance plc. should I contact them ?

Hi there

I would personally make sure with the FOS first, as they may suggest that you keep to GE money, where you've had the final response from them already, but they would then investigate the complaint for you, but there is no harm whatsover in writing to Pinnacle to see what they come back with.;)

Nigelmaher

Once again thanks I will contact the FSO on Monday and see where they advise I take this, Im not going to give up its too much money.