PPI Reclaiming discussion Part II

embarrassed_about_my_debt

I have just received a reply from the FOS saying that because the lender wasnt a member of the General Insurance standards council they cant do anything. Has anyone else had this?

marshallka

embarrassed_about_my_debt wrote: »

I have just received a reply from the FOS saying that because the lender wasnt a member of the General Insurance standards council they cant do anything. Has anyone else had this?

Your PPI must have been after the 14th January, 2005 then and these are the rules that are in place apparently. Who was the lender??? What dates were the PPI applied??

embarrassed_about_my_debt

Loan was taken out on the 20th November 2002

PPI was £16.77 a month over a 4 year term (Total = £804.96 including interest)

The lender was a local one

marshallka

embarrassed_about_my_debt wrote: »

Loan was taken out on the 20th November 2002

PPI was £16.77 a month over a 4 year term (Total = £804.96 including interest)

The lender was a local one

There are always the courts to use. Tiggrae is sometimes on and she would be able to help guide you through i am sure.

embarrassed_about_my_debt

So is the FOS correct? I cant reclaim?

The lender is a member of the fsa which i thought was the requirement?

marshallka

embarrassed_about_my_debt wrote: »

So is the FOS correct? I cant reclaim?

The lender is a member of the fsa which i thought was the requirement?

Although the lender is a member of the FSA it was only from the 14th January, 2005 that the FSA started to regulate the sale of insurance and before that if a company was a member of the General Insurance Standards Council. That is what i am led to believe but there are other things that the FOS can take into consideration. If they have turned it down it is most likely that it is outside their jurisdiction though. Like i say you could go through the small claims courts.

Who actually was the Company again??

pinknico

marshallka wrote: »

Just noticed on the front page that these forums will be closed on Saturday between 8.00am and 9.00pm for maintenance:eek:

I know!:eek:

Loving your work this morning !:T :A

di3004

thunders79 wrote: »

I sent a letter to them at the beginning of this year to claim back the misold PPI on a loan which I took out with them.
I received a letter back saying from CLICK saying that Click Fincance had gone into liquidation and that i therefore needed to contact them.
Help, what do I do now? FOS?

Hi there thunders79.
I am sorry to hear that your in the same situation as myself here when I am fighing both Eloan and Click Finance.

I do have an application form in with the FSCS about eloan as I am informed that these had went into voluntary liquidation just a few months ago, I know how frustrating this is for you because like Click Financial I have been battling them for a while now too.

It seems that the FOS then will automatically forward your details/complaint onto the FSCS, double check just in case.

I am waiting for a further reply from Click after finding out some information about these, and going to ask you to do me a little favour, check your documents with what you have on these and there should be a registration number (company number), now the directors of this company ARE still active.

I had taken out a secured loan through these brokers in July 2004, they were not covered by either GISC or the FSA then, so this cannot go forward to the FOS or the FSCS.
Yet the Eloan complaint were covered, we had this one in Nov 2005.

If you can get back to me about the company number as they are still active but another yet another Click Financial.

There will be further investigations on this from what I have been reading, and companies or should I say directors then are trying to get out of their customer complaints by disssolving and shutting down to start again under another registration company number.

I will let you know more when I have some feedback here, okay hun.;)
Try not to worry at this stage.

I have actually added some useful information here the last few weeks or so, so if you get the chance to go back and take a look, this is about phoenix firms.
If you cannot find the links on this actual forum, go onto google search engine, click in "phoenix firms" there are some useful information which you may find interesting.

Good luck hun.
Keep posting and refresh your page now and again in case you miss any responses.;) And if you could post me the reg number on that documents I will compare them to mine if that's okay by you.:beer:

Di.
x

marshallka

Hiya Di, glad you answered this one. Another "Clicker".:D

embarrassed_about_my_debt

marshallka wrote: »

Although the lender is a member of the FSA it was only from the 14th January, 2005 that the FSA started to regulate the sale of insurance and before that if a company was a member of the General Insurance Standards Council. That is what i am led to believe but there are other things that the FOS can take into consideration. If they have turned it down it is most likely that it is outside their jurisdiction though. Like i say you could go through the small claims courts.

Who actually was the Company again??

The lender at the time was Norfolk & Suffolk Finance Ltd (Now General Capital Finance Ltd)