Capital One PPI reclaim from 1999 and GISC.

I have been trying to reclaim PPI on a creditcard I have had with Cap 1 since 1999. Cap 1 weren't interested and I took it to the FOS, they sent me a letter saying that they couldn't help as Cap 1 were not members of the GISC at the time of the credit card application in 1999 and therefore were unregulated. I emailed the FOS and asked how I should proceed, and they emailed me a few weeks later to say that it is now a grey area and they are looking into these types of claims, and to send my correspondence back to them.

I'm still waiting on an outcome but if anyone else has had the same kind of scenario, then get in touch with the FOS again as they are looking into these cases again.

Replies

  • di3004di3004 Forumite
    42.6K Posts
    Siren1 wrote: »
    I have been trying to reclaim PPI on a creditcard I have had with Cap 1 since 1999. Cap 1 weren't interested and I took it to the FOS, they sent me a letter saying that they couldn't help as Cap 1 were not members of the GISC at the time of the credit card application in 1999 and therefore were unregulated. I emailed the FOS and asked how I should proceed, and they emailed me a few weeks later to say that it is now a grey area and they are looking into these types of claims, and to send my correspondence back to them.

    I'm still waiting on an outcome but if anyone else has had the same kind of scenario, then get in touch with the FOS again as they are looking into these cases again.

    Hi Siren

    Thank you for posting up on this.
    Please keep us posted on this matter and hopefully the FOS will be able to investigate and resolve this now for you.;)
    The one and only "Dizzy Di" :D
  • Siren1Siren1 Forumite
    161 Posts
    Part of the Furniture Combo Breaker
    Forumite
    Thanks Di, I certainly will do, fingers crossed it's a good outcome.

    Siren x

    di3004 wrote: »
    Hi Siren

    Thank you for posting up on this.
    Please keep us posted on this matter and hopefully the FOS will be able to investigate and resolve this now for you.;)
This discussion has been closed.
Latest MSE News and Guides

Christmas lights running cost

We've crunched the numbers

MSE Guides

Advent Competitions

The countdown is on

MSE Forum

Baileys £10 for 1L at Tesco

When you scan your Clubcard

MSE Deals