PPI Reclaiming discussion Part II

di3004

Time to get that tea done, back as soon as I can folks.....:D . x

marshallka

pinknico wrote: »

any idea on them being declared in Default yet Tiggrae?

Are you on about Picture Finance now??

This was on their website the other day

Your loan has been transferred from Picture Financial Services Plc to Picture Home Loans (No.1) Limited or Picture Home Loans (No.2) Limited. The terms and conditions of your loan, including your account number, remain the same. You should continue to quote your account number in any correspondence.

I thought it was sold for £1 and then if its sold all the assets and liabilities are transferred so surely you can then complain to the new Picture.

http://forums.moneysavingexpert.com/showthread.html?p=14246159&highlight=picture+finance#post14246159

marshallka

TheClarks wrote: »

Thanks, we have used the template and then re-worded it for the personal touch.

Any recommendations for a "redundancy/sickness" cover specialist as life is clearly well covered.

I can sell you a nice little single premium policy with life cover, sickness, accident and of course if you cancel you will get a small proportion back for your money. You will still owe me all the interest for taking out this policy in the first place though...

Do you want to do business.:D

iaws2

Hi,

I am pretty pleased as I have just had 3.5k taken off my loan by Egg after complaining that I was pressured into taking PPI. At the time it seemed i could not get the loan if i did not agree to PPI.

Should I just accept their calculation and the fact that they took it off my life of loan?

Thanks for any advice.

marshallka

iaws2 wrote: »

Hi,

I am pretty pleased as I have just had 3.5k taken off my loan by Egg after complaining that I was pressured into taking PPI. At the time it seemed i could not get the loan if i did not agree to PPI.

Should I just accept their calculation and the fact that they took it off my life of loan?

Thanks for any advice.

I would post all the figures of the loan and PPI and the dates etc and let someone check it for you just to be sure.

Have they admitted misselling it and if they have then you no need to accept it off the loan and can get it repaid to you.

pinknico

marshallka wrote: »

Are you on about Picture Finance now??

This was on their website the other day

Your loan has been transferred from Picture Financial Services Plc to Picture Home Loans (No.1) Limited or Picture Home Loans (No.2) Limited. The terms and conditions of your loan, including your account number, remain the same. You should continue to quote your account number in any correspondence.

I thought it was sold for £1 and then if its sold all the assets and liabilities are transferred so surely you can then complain to the new Picture.

http://forums.moneysavingexpert.com/showthread.html?p=14246159&highlight=picture+finance#post14246159

Its ok my claim is with the FSCS, its just that until Picture are declared in Default the FSCS don't payout or look too far into your claim.Hence my impatience!

TheClarks

marshallka wrote: »

You would be better getting an income protection policy that you can cancel at any time and there is no interest to pay on it.

If you had two loans and one was to pay the other off then you need the PPI back from both. Have you sent letters out for both??

They would probably get you to pay off the loan to cancel the PPI and then you would be charged the interest as well. You can cancel it but if you are going for misselling and they offer you a sum then make sure you get this interest that is included in both of the actual loans back as well.

I have only done a letter for the second (current) loan as I cannot find the paperwork for the first but we have stated that the current loan was a further advance on the first which we also wanted to claim on (but have not stated acc number of first explicitly).

I more I read the more confused I get :rolleyes:

marshallka

pinknico wrote: »

Its ok my claim is with the FSCS, its just that until Picture are declared in Default the FSCS don't payout or look too far into your claim.Hence my impatience!

I thought that they had been sold on???

Does that mean that they won't go into default now???

http://forums.moneysavingexpert.com/showthread.html?p=14246159&highlight=picture+finance#post14246159

http://www.realbusiness.co.uk/search_tags/5006651/britains-biggest-startup-to-be-sold-for-1p.thtml

marshallka

TheClarks wrote: »

I have only done a letter for the second (current) loan as I cannot find the paperwork for the first but we have stated that the current loan was a further advance on the first which we also wanted to claim on (but have not stated acc number of first explicitly).

I more I read the more confused I get :rolleyes:

You can ring firstplus for a copy of the agreement and they have to send it to you within 12 days. They did not charge me for mine and it was taken 8 years previous. Make sure that in your letter you state the misselling on BOTH loans taken out.

TheClarks

marshallka wrote: »

You can ring firstplus for a copy of the agreement and they have to send it to you within 12 days. They did not charge me for mine and it was taken 8 years previous. Make sure that in your letter you state the misselling on BOTH loans taken out.

Is it worth posting up the letter for comment?