Reclaiming PPI from 11 yr old loan agreement, broker in liquidation

Boneoss

Hi All,

Newb here so please go gently. Firstly, apologies if this has been answered somewhere on the forums, but I can't find it.

I took out a secured loan in 2004 from a company called 'Blue Sky Personal Finance Ltd'. At the time I was told that because the loan was secured the £750 up front PPI charge was compulsory. I now know this to have been miss-sold.

I was contacted a month or so ago by a PPI claims company asking if I'd like to make a claim as Blue Sky Personal Finance Ltd were in liquidation and as such were in the hands of Findlay James accountants. I decided I'd try to pursue the claim myself. So through Findlay James I have acquired my original credit agreement which includes the PPI amount and the actual loan provider of GE First National. I sent the PPI questionnaire back to the liquidators with the agreement as proof. They referred me the FCSC on the basis that as liquidators they are not dealing with any PPI claims. The FCSC told me they can't help because the claim is more than 10 years old. GE First National only accept claims from agreements directly with themselves or from specific list of third parties which of course does not include Blue Sky.

Where do I go, what do I do? Please help!!

Thanks :-)

dunstonh

The FCSC told me they can't help because the claim is more than 10 years old.

There is no 10 year rule. However, the rule they would apply here is pre regulation which was January 2005 (which is just over 10 years ago).

Where do I go, what do I do?

You give up.

The legal liability that is responsible for your complaint no longer exists. The consumer protection brought in (FSCS) only considers cases sold after January 2005 when regulation started. So, you have no-one to complain to.

Boneoss

Disappointing, but thanks for the info, saves me wasting any more time. All the best!