In late 2006, my wife and I took out a loan from Nemo for c£23k with an up front PPI policy of around £6k thrown on top for good measure
(I don't have exact figures to hand just now).
We sold our property a year or so later and our solicitors paid off, from the proceeds, the loan,
PPI and six months interest (you know, like they do), which astonishingly totalled about £29,500.
A few things happened next:
My wife had a breakdown after the close proximity death of both her parents
My own mother died
I presented a claim for my PPI in 2008
My claim was rejected with the usual 6 month Ombudsman notice
The stress of my wife's illness and my own coming to terms with the loss of my Mum meant I never followed it up
I later tried to go back to them to follow this up, only to be told that they had presented me with a final response and yadda, yadda, etc.
Now, I cannot recall the exact reasoning behind my initial complaint,
but it should be pointed out that I was and still am a Public Sector worker who would not have benefited from such a PPI at all,
i.e. my sickness benefits at work covered a period of illness up to 6 months, fully negating the PPI policy's benefits.
So, onto the subject title of the thread:
Today I received a letter from Nemo stating that they have been told by the FSA that:
Sounds good, yeah? But...
Again, sounds good, just respond to them, but here's the kicker...
So, from the timeline I described above, loan in 2006 and complaint in 2008, Nemo are saying they may reject it without consideration of its merits after 2012 or 2011 respectively.
Are they bluffing, and indeed hoping, that I decide not to pursue this further?