PPI Reclaiming discussion Part II

di3004

marshallka wrote: »

Yeah. I have screamed to my son about it today.

Oh dear..........:o :eek:

di3004

pinknico wrote: »

Had a phone call tonite from my mate from Central Capital and he has sent on my email of complaint and sent out a letter of aknowledgement.
Quick work compared to my other claims and saves on postage!:beer:

Good luck then Pinknico......:D :beer: .

Love your avvie.;)

kazc_2

Di,

Thankyou everyone for your advice.
Our loan was settled on August 18th this year. How come they only give you such a small amount back when it has cost thousands for the likes of us?

marshallka

kazc wrote: »

Di,

Thankyou everyone for your advice.
Our loan was settled on August 18th this year. How come they only give you such a small amount back when it has cost thousands for the likes of us?

Its because your insurance is actually paid for by way of a loan. They then spread out the loan and the interest over your entire loan so actually its another loan on top of the loan you already have. If you cancel then you still owe the loan and they just work out a small amount to rebate you and then you have your other loan (which is actually two loans put together - the loan you wanted and the PPI by way of a loan) redone without the tiny bit they give you back. Its a complete con.

pinknico

Have you seen Bustas good news on successes thread?

di3004

kazc wrote: »

Di,

Thankyou everyone for your advice.
Our loan was settled on August 18th this year. How come they only give you such a small amount back when it has cost thousands for the likes of us?

Hi there KAZC

I see Marshallka has already given you a good response on this.;)
Don't worry hun, you will eventually get it all back if you keep fighting these.

My 2nd loan with Nemo was that of £55K and a PPI of almost £11K on top of that again, I was not happy with the rebate of £1998, even though when this was resolved by the FOS, they refunded all back plus the £1998, with interest it was over £12K plus back at the end of it.;)

You will get there, as I believe the complaints on this company are getting bigger and bigger, where the FOS are now picking up on this.

You will be fine.:D

Di.
x

marshallka

pinknico wrote: »

Have you seen Bustas good news on successes thread?

I am so glad about this. Thanks for letting us know pinknico. :beer:

kazc_2

Thankyou both for all your help
k

tiggrae

marshallka wrote: »

Its here tiggrae> I did it for Di

Originally Posted by marshallka
We are writing with regards to a loan/PPI that we took out in July 2004 through a broker called “Click Finance Limited” licence number 0506811. We have a complaint against this company in that we were missold our PPI insurance and are trying to get recompensed for this. We wrote to this company and were told that they liquidated in July 2006 (although advertised in the London Gazette in April 2005) so we need to go to the liquidators with the complaint.

Upon further investigation on this business we note that although months before “Click Finance” went into liquidation they had a “non trading company” or should we say a company that did not hold a consumer credit licence as we can see by the register online called “Click Financial Limited” which they then got a consumer credit licence to trade very similar to the dissolved "Click Finance Limited".

Upon looking into this further we note that the directors are of the same names as the dissolved “Click” and the name is very similar. We then wrote to this company that now trades using their consumer credit licence number 0563957 issued on 22/01/05 to make a complaint for the misselling. They subsequently wrote back to us stating that they had nothing to do with “Click Finance Limited” and that they could not possibly look into a complaint of another company and it would be “unfair on the share holders”. We find this very hard to believe in that they were directors of the same companies but cannot accept complaints about them. I have researched what is known as “Phoenix companies” and we think that some of what we have researched could belong to these companies in mention.

We would like to make a complaint about the companies we have mentioned. We also note that recently they have closed and opened other companies, namely "Click LImited (no licence number yet online)" opening and "Click Loans Services Limited (licence number 0616548)" closing.

We want to make a complaint against the directors of these companies
STE
RA


We have reason to believe they have not acted in a fit and proper manner and want to ask you if you can investigate the goings on in these companies. When this is allowed to happen we as consumers lose out as they close companies down, sometimes to avoid complaints, and then open up new ones (or use the old ones that they have registered and just get a CCL). It’s not right and certainly not fair practice. We don't think this should be allowed to happen and that they be allowed to walk away from complaints and continue to trade in other companies. We ask that something is done about this. We feel that these directors should be held responsible for the complaints of the dissolved company too.

have a look at this

With regard to the above, we took out a Loan /Payment Protection Insurance policy (‘PPI’) policy in July 2004, through a broker called “Click Finance Limited” OFT License No. 050681 (Company Registration No. ???? ). Upon making our complaint we were informed this Company had been liquidated in July 2006 (although advertised in the London Gazette in April 2005) and to forward our complaint to the liquidators, which we subsequently did.

Upon further investigation into this business, we note a number of months prior to “Click Finance Ltd” going into liquidation, a “non trading company” or should we say a company not holding a consumer credit license (as can be seen under the on-line register) called “Click Financial Limited” was established, when a consumer credit license was granted "Click Finance Limited" was dissolved.

We note the directors of both company are virtually identical. When we wrote to Click Financial Limited (trading under consumer credit license number 0563957 issued on 22/01/05) they informed us they had nothing to do with “Click Finance Limited” and they could not possibly look into a complaint of another company as it would be “unfair on the share holders”.

Under Section 25(1)b of the Consumer Credit Act 1974 we note:

25.—(1) A standard license shall be granted on the application of any person if he satisfies the Director that—
(b) the name or names under which he applies to be licensed is or are not misleading or otherwise undesirable.

We believe the establishment of Click Financial Limited shortly prior to Click Finance Limited being dissolved to be misleading and therefore, unlawful under the Consumer Credit Act 1974 and therefore, the Office of Fair Trading under Section 25 (2) In determining whether an applicant for a standard license is a fit person to engage in any activities, we understand ‘the Director shall have regard to any circumstances appearing to him to be relevant, and in particular any evidence tending to show that the applicant, or any of the applicant's employees, agents or associates (whether past or present) or, where the applicant is a body corporate, any person appearing to the Director to be a controller of the body corporate or an associate of any such person, has (b) contravened any provision made by or under this Act, or by or under any other enactment regulating the provision of credit to individuals or other transactions with individuals’, therefore, we invite you to investigate the actions of the directors of these companies, as we do not believe given the strict interpretation of the Consumer Credit Act they should have been granted a Consumer Credit License to operate Click Financial Limited.


Also, we believe the Directors to be unfit as under Section 25 (2) d, as they appear to be engaged in business practices appearing to be deceitful and otherwise unfair / improper (whether unlawful or not). We note recently the same Directors have opened and closed other companies, namely opening "Click Limited (no license number yet online)" and closing "Click Loans Services Limited (License number 0616548). Again, we believe this opening and closing of similarly named companies not only to be unlawful under Section 25 (1) b but also unfair to customers (25) (2) d, as it is denying any customer the right to make a valid complaint for such issues as mis-selling.

marshallka

tiggrae wrote: »

have a look at this

With regard to the above, we took out a Loan /Payment Protection Insurance policy (‘PPI’) policy in July 2004, through a broker called “Click Finance Limited” OFT License No. 050681 (Company Registration No. ???? ). Upon making our complaint we were informed this Company had been liquidated in July 2006 (although advertised in the London Gazette in April 2005) and to forward our complaint to the liquidators, which we subsequently did.

Upon further investigation into this business, we note a number of months prior to “Click Finance Ltd” going into liquidation, a “non trading company” or should we say a company not holding a consumer credit license (as can be seen under the on-line register) called “Click Financial Limited” was established, when a consumer credit license was granted "Click Finance Limited" was dissolved.

We note the directors of both company are virtually identical. When we wrote to Click Financial Limited (trading under consumer credit license number 0563957 issued on 22/01/05) they informed us they had nothing to do with “Click Finance Limited” and they could not possibly look into a complaint of another company as it would be “unfair on the share holders”.

Under Section 25(1)b of the Consumer Credit Act 1974 we note:

25.—(1) A standard license shall be granted on the application of any person if he satisfies the Director that—
(b) the name or names under which he applies to be licensed is or are not misleading or otherwise undesirable.

We believe the establishment of Click Financial Limited shortly prior to Click Finance Limited being dissolved to be misleading and therefore, unlawful under the Consumer Credit Act 1974 and therefore, the Office of Fair Trading under Section 25 (2) In determining whether an applicant for a standard license is a fit person to engage in any activities, we understand ‘the Director shall have regard to any circumstances appearing to him to be relevant, and in particular any evidence tending to show that the applicant, or any of the applicant's employees, agents or associates (whether past or present) or, where the applicant is a body corporate, any person appearing to the Director to be a controller of the body corporate or an associate of any such person, has (b) contravened any provision made by or under this Act, or by or under any other enactment regulating the provision of credit to individuals or other transactions with individuals’, therefore, we invite you to investigate the actions of the directors of these companies, as we do not believe given the strict interpretation of the Consumer Credit Act they should have been granted a Consumer Credit License to operate Click Financial Limited.


Also, we believe the Directors to be unfit as under Section 25 (2) d, as they appear to be engaged in business practices appearing to be deceitful and otherwise unfair / improper (whether unlawful or not). We note recently the same Directors have opened and closed other companies, namely opening "Click Limited (no license number yet online)" and closing "Click Loans Services Limited (License number 0616548). Again, we believe this opening and closing of similarly named companies not only to be unlawful under Section 25 (1) b but also unfair to customers (25) (2) d, as it is denying any customer the right to make a valid complaint for such issues as mis-selling.

I think its good tiggrae, isn't it section 29 (2) though 2006. I thought it was amended. (LOL)

Glad you have not altered too much here. I would have been offended as this took me ages looking back at dates and getting licence numbers etc.:D