Anyone had a positive decision from FO?

[flowerofsarum]

Hi, my mis-selling complaint againt The Co-operative Bank has been sent to the Financial Ombudsman for a decision.

They inform me it is now in the "allocation pool" and should be attended to within the month.

My complaint is that I was never informed of my choices, and believed the PPI was part of the loan, silly me, but then I'd only been in the country a while. Now, thanks to the CAG and moneysavingexpert I've wised up!!

I'd be interested to learn if anyone has had a positive decision made by the FO.

Regards, Flower

[jobsagoodun]

I am wondering the same thing. My arguemets aroud mis selling seem strong to me but am just getting bluster back from the RBS. Is there any chance of practical help from the FO wrt PPI mis-selling claims?

[itsmeandonlyme]

Hello,

I didn't have any positive expirience with FOS(neither with FLA or FSA).

I personally believe it's waist of time....but you have to show judge you gave as much time as you possibly can give to the company to settle the claim, if it gets to the court....

It's your pesonal choice, as FOS will record the complaint....


Kind regards,

Itsme

[flowerofsarum]

Hi itsme! Thanks for coming onto my thread, I spent all of yesterday afternoon reading yours!

Wow, what an adventure this is, I can't wait to hear the end of yours, I've got it bookmarked.

Yes, you are right, with the current court successes for the banks, it's best to have as much ammunition as possible, because I think they only use their standard written defence, don't even bother to turn up in court most times.

My concern is for the banks' shareholders, there is so much money being wasted by them on lawyers, paying for claimant's court fees, interest etc, why don't they just pay up in the first place? If I were a shareholder I would want to know why

Regards, Flower

[itsmeandonlyme]

Originally Posted by flowerofsarum

My concern is for the banks' shareholders, there is so much money being wasted by them on lawyers, paying for claimant's court fees, interest etc, why don't they just pay up in the first place? If I were a shareholder I would want to know why

Regards, Flower

Hello Flower,
because most of the claimants stop half way...

They've imployed so many staff and pay them thouthands of pounds in a monthly salaries....and those stupid letters we receive from them....

They are answering the calls and do not know what is Subject Access Request, Data Protection Act...etc...but they are more than happy" to pass your complaint to somebody else...and that somebody will phone us back"...or" write to us"))))))))))))....Th is way the buy themselfs a time....as the amount of complaints in a prelim stage is so huge.


So if you think this way, they hope that all of us will stop(most of us) in an early stage and that's why all those letters we receive are computer generated.....


So don't stop if you wont receive a positive reply neither from FOS, not from your bank......


Kind regards,


Itsme

[hellhasnofury]

Originally Posted by itsmeandonlyme

Hello Flower,
because most of the claimants stop half way...

They've imployed so many staff and pay them thouthands of pounds in a monthly salaries....and those stupid letters we receive from them....

They are answering the calls and do not know what is S.A.R - (Subject Access Request), Data Protection Act...etc...but they are more than happy" to pass your complaint to somebody else...and that somebody will phone us back"...or" write to us"))))))))))))....Th is way the buy themselfs a time....as the amount of complaints in a prelim stage is so huge.


So if you think this way, they hope that all of us will stop(most of us) in an early stage and that's why all those letters we receive are computer generated.....


So don't stop if you wont receive a positive reply neither from FOS, not from your bank......


Kind regards,


Itsme

I totally agree with you itsme. They are spending some of their huge profits on trying to keep the hungrey lions at bay. Some give in quickly, some don't and do pursue all the way to court and get their money.

If the banks had not been so blinkered by profit and preyed on the people with less money and acknowledge the fact they were greedy and put thousands and thousand of people into financial hardship. They even took peoples benefits:o . They took my child tax credit which was a benefit for a child. They are relentless and heartless. I have read this quote

My concern is for the banks' shareholders, there is so much money being wasted by them on lawyers, paying for claimant's court fees, interest etc, why don't they just pay up in the first place? If I were a shareholder I would want to know why

Sorry I do not mean to be rude, these shareholders need to realise that they have enjoyed their so call benefits from the hardship of thousands,, and it must stop. This comment is not directed at the poster. Its maybe I am a bit more educated and rather bitter.

[flowerofsarum]

Originally Posted by hellhasnofury

Sorry I do not mean to be rude, these shareholders need to realise that they have enjoyed their so call benefits from the hardship of thousands,, and it must stop. This comment is not directed at the poster. Its maybe I am a bit more educated and rather bitter.

I certainly take your point, and it sounds like you've had a rough ride. What I was trying to convey: shareholders are businessmen/women, and as such should encourage the early payouts to maximise their profits. Yes, it's a disgrace that they subscribe to the banks' behaviour, they are leeches and I despise their greed.

Thank goodness for CAG and MSE. The number of subscribers on these forums shows just how many of us have been screwed, often more than once!

[itsmeandonlyme]

Great thinking, hell....Well, lets put in this way....i do not mind to have some shares....when i got all the charges refunded...but i surtainly wont stop using CAG and introduse everyone to the forum and help to get as much money as they lost from the banks or even more(constractual, statutory interests). We have been fooled around for years.....
I also never received any disent help from the FSA, FOS, OFT, TS...etc...but i'll keep complaining...))


Kind regards,


Itsme