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Norton Finance PPI
L.Thompson
Posts: 11 Forumite
in Loans
Anyone had any success with claiming PPI back from Norton Finance?
We have had a refusal from them and as they claim they were not regulated by FSA at the time we took the loan out they have told us they DID NOT :mad: miss sell the insurance.
The insurance was miss sold on at least 2 counts.
Any one any experience with taking this type of claim to court as the ombudsman cant help us?
We have had a refusal from them and as they claim they were not regulated by FSA at the time we took the loan out they have told us they DID NOT :mad: miss sell the insurance.
The insurance was miss sold on at least 2 counts.
Any one any experience with taking this type of claim to court as the ombudsman cant help us?
0
Comments
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The misselling regulations were only tightened up a few years ago so Norton may be telling the truth.
Need a bit more information. When did you take out the loan? What misselling grounds do you have?Smile
, it makes people wonder what you have been up to.0 -
Took out loan in 2003, Told them we did not need PPI as wife covered through work & as I cant work they could not cover both of us yet loan in both names. Told us the only way we could have loan was to take out PPI. Only ONE set of paper work sent to us with PPI box ticked. If optional we should have got two lots of paper work one inc ppi and one without.
PPI only coverd first five years of loan YET was inc in total amount of loan and we are paying for it over full term of loan. Norton insist that PPI was optional. Norton have no tapes of sale of loan and have told us that they will not repay the PPI and this is their final response as they feel they have fully addressed our complaint as fully as they can. We spoke to Ombudsman and they cant help us as Norton were not regulated by FSA at the time.
Generally they have just told us to go away, Their attitude is they are right we are wrong!0 -
Somebody must have been regulating this insurance in 2003 but can't for the life of me find out who.
Perhaps someone else who is closer to this can respond.
Maybe it wasn't optional at the time on this kind of loan but it isn't that long ago. The main reason it has to be optional is the advertising rules. If it is compulsory then the APR advertised must include the insurance cost too.
Because I don't know what the law was at the time, can't say whether you might get anywhere in the small claims court.
R.Smile, it makes people wonder what you have been up to.0
This discussion has been closed.
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