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PPI reclaim on London Scottish Finance who have gone into administration
Hi,
I have a loan with London Scottish Finance and have been trying to reclaim the PPI as I believe that it was mis sold. Today, I received a response saying that the are offering £1,868.53 as they believe that it may have been mis sold. Then it goes onto say "however, the company has gone into administration" (please see attached letter).
Does this mean that I have no hope of getting any money back? I still have an outstanding amount on the loan.
Re: PPI reclaim on London Scottish Finance who have gone into administration
Originally Posted by pudsey7
Hi,
I have a loan with London Scottish Finance and have been trying to reclaim the PPI as I believe that it was mis sold. Today, I received a response saying that the are offering £1,868.53 as they believe that it may have been mis sold. Then it goes onto say "however, the company has gone into administration" (please see attached letter).
Does this mean that I have no hope of getting any money back? I still have an outstanding amount on the loan.
Thanks
IMO it does not mean you will not get your money back I believe you are being offered £1,868.53 but you will have to approach the Financial Services Compensation Scheme (FSCS) and also the fos....link here
It is important that you send copies of the final letters from Scottish Finance to both the FSCS and the FOS as it will be these organisations who will no doubt recover your money.
aa
I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner. ------------------------------------------------
Bank charge successes:
Halifax - Full settlement incl interest.
HSBC - Settlement, goodwill no admission of liability about 75% of claim.
RBS - Settlement, goodwill no admission of liability about 70% of claim.
2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did
PPI Successes
PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.
2 claims settled in full with LV without FOS involvement.
2 claims settled in full with HSBC without FOS involvement
PPI Claims ongoing with:
Cap one Now with the FOS
Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.
LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc
Please do not PM me for advice as it may be sometime before I can respond.
Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.
I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner. ------------------------------------------------
Bank charge successes:
Halifax - Full settlement incl interest.
HSBC - Settlement, goodwill no admission of liability about 75% of claim.
RBS - Settlement, goodwill no admission of liability about 70% of claim.
2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did
PPI Successes
PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.
2 claims settled in full with LV without FOS involvement.
2 claims settled in full with HSBC without FOS involvement
PPI Claims ongoing with:
Cap one Now with the FOS
Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.
LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc
Please do not PM me for advice as it may be sometime before I can respond.
Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.
Re: PPI reclaim on London Scottish Finance who have gone into administration
If this is the case then it should be worth a last shout and if that fails Court action
I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner. ------------------------------------------------
Bank charge successes:
Halifax - Full settlement incl interest.
HSBC - Settlement, goodwill no admission of liability about 75% of claim.
RBS - Settlement, goodwill no admission of liability about 70% of claim.
2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did
PPI Successes
PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.
2 claims settled in full with LV without FOS involvement.
2 claims settled in full with HSBC without FOS involvement
PPI Claims ongoing with:
Cap one Now with the FOS
Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.
LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc
Please do not PM me for advice as it may be sometime before I can respond.
Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.
PPI reclaim on London Scottish Finance who have gone into administration
as I believe that it was mis sold. Today, I received a response saying that the are offering £1,868.53 as they believe that it may have been mis sold. Then it goes onto say "however, the company has gone into administration" (please see attached letter).
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Originally Posted by pudsey7
