PPI Reclaiming discussion Part II

singlep

marshallka wrote: »

I actually told di today that there is some "click finances" still trading and she said that they are completely different. She said that they are still trading but not the same group as before. Surely they have some obligations.

http://www.click.co.uk/legal.html

Note in the legal bit something about Gibraltar.:mad:

Re Click. Check the IDD, the Initial Closure Doc, which should have been issued at point of sale as this has the FSA number; and crosscheck. If different complain to FOS stating known info about Click. If FOS cannot recover a file they will have to uphold the complaint. FOS will then arrange payment either through any Professional Indemnity insurance held by Click before closure or thru the FSCS. If any Click directors are the same as the liquidated company we must assume they told the FSA. Or they have problems.

singlep

singlep wrote: »

Re Click. Check the IDD, the Initial Closure Doc, which should have been issued at point of sale as this has the FSA number; and crosscheck. If different complain to FOS stating known info about Click. If FOS cannot recover a file they will have to uphold the complaint. FOS will then arrange payment either through any Professional Indemnity insurance held by Click before closure or thru the FSCS. If any Click directors are the same as the liquidated company we must assume they told the FSA. Or they have problems.

Re Click. Sorry forgot to say go to FSA register, FSA no 311877, click names and you will see all the old Click companies, and they are still liable.

di3004

Thanks folks for all your helpful information here regarding Click.;)

My loan was arranged by click in July 2004, they were not then regulated.....:rolleyes: , but the compliance guy Ted Colegate, was the guy was told us first the company that dealt with our product was nothing to do with them, as these had taken over the company, as also confirmed by the liquidators, but I going by some of the information considering the one click finance brokers dissolved I note some members on that FSA site are still active, but we had already tried pursing for this before we were made aware they were dissolved, Ted Colegate just passed the liquidators contact details on to us...... .

Confusing I say.......:rolleyes:

You've all been wonderful looking into this for my, so helpful indeed, thank you so much.;)

Di.
xx

marshallka

di3004 wrote: »

Thanks folks for all your helpful information here regarding Click.;)

My loan was arranged by click in July 2004, they were not then regulated.....:rolleyes: , but the compliance guy Ted Colegate, was the guy was told us first the company that dealt with our product was nothing to do with them, as these had taken over the company, as also confirmed by the liquidators, but I going by some of the information considering the one click finance brokers dissolved I note some members on that FSA site are still active, but we had already tried pursing for this before we were made aware they were dissolved, Ted Colegate just passed the liquidators contact details on to us...... .

Confusing I say.......:rolleyes:

You've all been wonderful looking into this for my, so helpful indeed, thank you so much.;)

Di.
xx

I have just entered Click Financial into the data protection register and got this


Registration Number: Z7887877
Date Registered: 30 May 2003 Registration Expires: 29 May 2009

Data Controller: CLICK FINANCIAL LTD

Address:

CLICK HOUSE
THE WOOLMEAD
BEAR LANE
FARNHAM SURREY
GU9 7LG

But if you enter click finance get this


Registration Number: Z9931814
Date Registered: 14 June 2007 Registration Expires: 13 June 2009

Data Controller: AFFORDABLE FINANCE LIMITED

Address:

2ND FLOOR
145-157 ST. JOHN STREET
LONDON
EC1V 4PY

Other Names:

AFFORDABLE FINANCE
JUST CLICK FINANCE
FIRST RATE LOANS

Are any of these related to your click. You can tell by the register number on your letter heads.

di3004

marshallka wrote: »

I have just entered Click Financial into the data protection register and got this


Registration Number: Z7887877
Date Registered: 30 May 2003 Registration Expires: 29 May 2009

Data Controller: CLICK FINANCIAL LTD



Address:

CLICK HOUSE

THE WOOLMEAD

BEAR LANE

FARNHAM SURREY

GU9 7LG

But if you enter click finance get this


Registration Number: Z9931814
Date Registered: 14 June 2007 Registration Expires: 13 June 2009

Data Controller: AFFORDABLE FINANCE LIMITED



Address:

2ND FLOOR

145-157 ST. JOHN STREET

LONDON

EC1V 4PY

Other Names:

AFFORDABLE FINANCE

JUST CLICK FINANCE

FIRST RATE LOANS

Are any of these related to your click. You can tell by the register number on your letter heads.

Marvellous, thanks hun, will check out the paperwork and get back to you.;)

di3004

Had a quick nose through the SAR documents, most of these are that of their providers Endeavour Personal Finance, but have bits of what I would call underwriters paperwork from when Click sold the loan, not a lot of information really but the address is:

Click Finance
Victoria House
23 - 27 South Street
Farnham
Surrey
GUP 7QU

At the top of the page it states '1 click Loan Ltd'
01252731171 (not sure if this is a serial number of not)

Then at the bottom of the page it states
Reg. Office: Carmellile (this bit not sure spelt right because its blemished)
50, Victoria Embankment, London EC4Y QDX or ODX
Reg In England No 1165160 or maybe it is 1185160 (need a magnifying glass here lol), so a bit of this and that really........

di3004

marshallka wrote: »

I actually told di today that there is some "click finances" still trading and she said that they are completely different. She said that they are still trading but not the same group as before. Surely they have some obligations.

http://www.click.co.uk/legal.html

Note in the legal bit something about Gibraltar.:mad:

Clicked in that link and copied and posted this:
Castle Wealth Management Limited (CWM) is a trading partner of the Click Group and registered in Gibraltar, company registration number (93004) at 932 Europort. CWM is regulated by the Financial Services Commission of Gibraltar. CWM introduces prospective customers to CFL.

On my paperwork provided by Click it has 'Title Number' CWM158558, which means Castle Wealth Management Limited is a trading partner of the Click Group !!

marshallka

companies house has this

Name & Registered Office:
CLICK FINANCIAL LIMITED
CLICK HOUSE, BEAR LANE
FARNHAM
SURREY
GU9 7LG
Company No. 04183791

Status: Active
Date of Incorporation: 21/03/2001

Country of Origin: United Kingdom
Company Type: Private Limited Company
Nature of Business (SIC(03)):
6523 - Other financial intermediation
6601 - Life insurance/reinsurance
Accounting Reference Date: 31/05
Last Accounts Made Up To: 31/05/2006 (FULL)
Next Accounts Due: 31/03/2008 OVERDUE
Last Return Made Up To: 21/03/2007
Next Return Due: 18/04/2008 OVERDUE
Last Members List: 21/03/2007
Previous Names:Date of changePrevious Name14/05/2003 1 CLICK (UK) LIMITED

Leighmcl

Hi all

Right apologies in advance for lengthy post but a bit complicated.

My husband and I took out a secured loan with Barclays in Dec 2005 for £72,000!
(yes I know, but we were desperate and had to consoplidate after paying out my ex-husband).
We were offered PPI and this was added to the loan in one lump sum. Upon researching things we think we were definitely mis-sold this.

Recently I have become extremely ill, and am currently awaiting life-threatening surgery. We were strugglng to pay the bills and upon trying to claim on our policy we were told that I was not covered as the second party on the policy. News to us, why are we both held responsible for it then? We were also advised when taking the policy out that it would help us a) get teh loan,b) be a great savings plan as you get back £17,632.80 after 5 years if you have had no claims c) I'm self-employed and already had other life insurance d) I had pre-existing medical illnesses which we discussed with them

We sent the 1st template letter to BArlcays a few weeks ago and have received a phone call since, they were very pleasant but say that they feel the policy was not mis-sold, however they are willing to pay £7000 towards the loan.

At first we thought this was great and then upon looking into things we feel that it should be alot more, what I need is someone on here to look at our loan info and calculate what we are entitled to.

Am I right in thinknig the following;

Loan: £72,000 (629.86 per month, although variable)
PPI :(added to loan when we took it out) £17,632.80 (£154.26 per month)
Total: £89,632.80 ( monthly £784.12 on 9.9% variable so now £896.00 per month)
number of payments: 300
number of payment made to date: 30

We have currently paid £4627 in ppi payments over the 30 months -
so we are due this back

However shouldn't the PPI (£17,632.80 - £4627) = £13005 by taken off the loan which will bring it back to £72,000 (as if we hadn't taken the ppi)
and then the payments we have made to the loan over the last 30 months be recalculated to reduce the interest and hence the loan further?

This means that their £7000 offer of knocking it off the loan is appauling, plus we want the $4627 in our pocket.

Please help - they are calling us today and then I need to send them the 2nd template letter with a figure that we would be happy with.

If I am wrong let me know and I'll bit their hand off re: £7K offer but something smells fishy!!

Many thanks

Leighmcl

di3004

marshallka wrote: »

companies house has this

Name & Registered Office:
CLICK FINANCIAL LIMITED
CLICK HOUSE, BEAR LANE
FARNHAM
SURREY
GU9 7LG
Company No. 04183791

Status: Active
Date of Incorporation: 21/03/2001

Country of Origin: United Kingdom
Company Type: Private Limited Company
Nature of Business (SIC(03)):
6523 - Other financial intermediation
6601 - Life insurance/reinsurance
Accounting Reference Date: 31/05
Last Accounts Made Up To: 31/05/2006 (FULL)
Next Accounts Due: 31/03/2008 OVERDUE
Last Return Made Up To: 21/03/2007
Next Return Due: 18/04/2008 OVERDUE
Last Members List: 21/03/2007
Previous Names:Date of changePrevious Name14/05/2003 1 CLICK (UK) LIMITED

Thx again for this information Marshallka.

I was thinking hun, even though the actual company dissolved, the group proves to be still active, do you think I should SAR them, if they send this back the way I see it is they still have some responsibility and obligations and so, if not as you know they will send back to fee.......;) , what do you think hun ?

Cheers
Di.
xx