Jump to content


  • Tweets

  • Posts

    • Our price is the same all day, but varies day to day. Yes there's a risk of high prices but it has never gone above SVR any time since I signed up. Last 30 days average 17.67p/kWh, max 20.67 and lowest was 11.83.  It saved just under £300 during 2023.  
    • It you had E7 in the past but have converted to single rate then the meter will still hold the last recorded Night readings. This introduces scope for error when manually reading. If the meter has only ever been used on single rate then there's only one figure that can be taken. For example ours shows "Rate 1" reading and a "Total import" reading, but they both give the sme figure. If it has ever been on E7 the total will be higher, including the retained night reading.
    • okay, perfect and thank you so much for the help once again. so firstly i am going to initiate the breathing space, during this time it's likely ill receive a default. when i receive the default are you aware of how long it will take for me to know whether the OC have sold it off to DCAs? Once it's with the DCAs i do not need to worry as they cannot issue a CCJ only the OCs can Even if i decide to come an arrangement with the DCAs no point as the default will remain for 6 years paid or not paid I should only consider repayment if the OC still won the debt and then issue a CCJ? Just to confirm the default will not be seen after 6 years? No one can tell I had one then after 6 years ill be all good?
    • I'm not sure we were on standard tariffs - I've uploaded as many proofs as I can for the ombudsman - ovo called last night uping the compensation to 100 from 50 pounds for the slip in customer service however they won't acknowledge the the problem them not acknowledging a fault has caused nor are they willing to remedy anything as they won't accept the meter or formula was wrong.   I'd appreciate more details on the economy 7 approach and I'll update the ombudsman with any information you can share. 
    • To re-iterate and highlight my urgent question on this one: The N24 from the court did not include any instructions to submit paperwork 28 days before the date, unlike the N157 received for other smaller claims. Do I have to submit a WS for this court date? Link has!...
  • Recommended Topics

  • Our picks

    • If you are buying a used car – you need to read this survival guide.
      • 1 reply
    • Hello,

      On 15/1/24 booked appointment with Big Motoring World (BMW) to view a mini on 17/1/24 at 8pm at their Enfield dealership.  

      Car was dirty and test drive was two circuits of roundabout on entry to the showroom.  Was p/x my car and rushed by sales exec and a manager into buying the mini and a 3yr warranty that night, sale all wrapped up by 10pm.  They strongly advised me taking warranty out on car that age (2017) and confirmed it was honoured at over 500 UK registered garages.

      The next day, 18/1/24 noticed amber engine warning light on dashboard , immediately phoned BMW aftercare team to ask for it to be investigated asap at nearest garage to me. After 15 mins on hold was told only their 5 service centres across the UK can deal with car issues with earliest date for inspection in March ! Said I’m not happy with that given what sales team advised or driving car. Told an amber warning light only advisory so to drive with caution and call back when light goes red.

      I’m not happy to do this, drive the car or with the after care experience (a sign of further stresses to come) so want a refund and to return the car asap.

      Please can you advise what I need to do today to get this done. 
       

      Many thanks 
      • 81 replies
    • Housing Association property flooding. https://www.consumeractiongroup.co.uk/topic/438641-housing-association-property-flooding/&do=findComment&comment=5124299
      • 161 replies
    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

      Frankly I don't think that is any accident.

      One of the points that the judge made was that the customers contract with the broker specifically refers to the courier – and it is clear that the courier knows that they are acting for a third party. There is no need to name the third party. They just have to be recognisably part of a class of person – such as a sender or a recipient of the parcel.

      Please note that a recent case against UPS failed on exactly the same issue with the judge held that the Contracts (Rights of Third Parties) Act 1999 did not apply.

      We will be getting that transcript very soon. We will look at it and we will understand how the judge made such catastrophic mistakes. It was a very poor judgement.
      We will be recommending that people do include this adverse judgement in their bundle so that when they go to county court the judge will see both sides and see the arguments against this adverse judgement.
      Also, we will be to demonstrate to the judge that we are fair-minded and that we don't mind bringing everything to the attention of the judge even if it is against our own interests.
      This is good ethical practice.

      It would be very nice if the parcel delivery companies – including EVRi – practised this kind of thing as well.

       

      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
        • Like

Picture Loans and the FSCS


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 4181 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

For those of you interested in stats, putting £4000 of my compensation from FSCS towards repaying the loan and keeping my monthly payment at the same rate has reduced my payment term from 25 to 14 years and saved me £35000 in interest.:D

Link to post
Share on other sites

  • Replies 91
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

  • 2 weeks later...

Was speaking to Picture today about my current arrears and I mentioned I was hopefully getting compensation for the miselling of ppi shortly, she said that even if the money is paid to me it all has to go towards the balance of the loan.

 

I didnt think this was the case?

Link to post
Share on other sites

No - it isn't the case. What you do with the money is up to you but if you don't use it to decrease the loan you will continue to interest on the PPI element that was mis-sold over the whole period of the loan. My friend paid the cheque from FSCS into the loan and will save herself £35000 in interest over the period of the loan.

Link to post
Share on other sites

  • 2 months later...

I'm getting frustrated now, Deliottes still processing the application I am in touch with the person dealing with my case and they one minute say they have all the information complete the process then the next that they are waiting for other information.

 

Totally desperate now I am still out of work (but unable to claim on my insurance) and not paying the full picture loan, they are talking about legal proceedings as I am over 3 months arrears now. Getting this money will sort out my arrears and give me a cushion as I find a new job.

Link to post
Share on other sites

I have been told that the FSCS have now received my claim back from Deloittes. Neither of them will tell me the decision(it is with a manager). Does anybody:

1) Know why the will not tell me the decision ?

2) Could it be changed ?

3)How long will they take to post me the decision ?

Link to post
Share on other sites

I have been told that the FSCS have now received my claim back from Deloittes. Neither of them will tell me the decision(it is with a manager). Does anybody:

1) Know why the will not tell me the decision ?

2) Could it be changed ?

3)How long will they take to post me the decision ?

 

Not sure about the answers to your questions but mine has been at a status of awaiting technical information from the FCSC since the turn of the year so things dont seem to move too quickly.

Link to post
Share on other sites

  • 2 weeks later...

We got our PPI back thanks to the FSCS in October last year. As for the loan from Picture, we had Charterhouse claims on this as we are absolutely certain they mis-sold it (one thing which sticks out is the house was valued much less than the total cost of the current mortgage plus secured loan, this by someone sent by Picture themselves). Charterhouse have just replied to say Picture had gone into liquidation. Far as I know they no longer exist and some other company is in charge of the loan. Now, as Picture mis-sold the loan, they appear to be no longer in existence, what can I do? Charterhouse suggested to contact the FOS as "I believe there may be a government pot to help in these instances" was the quote.

Edited by Rickoza
Link to post
Share on other sites

  • 1 year later...

Hi Im just sending in my claim now against picture - ive sent the questionnaire into the fscs and I have the original loan agreement here (customer copy) when I send that in as my evidence does it have to be signed?

Link to post
Share on other sites

  • 1 month later...
  • 1 year later...

Yes it has now gone done to the next department, where calculations are conducted. However, this department does not make the final decision, once they have conducted all their assessments, which typically takes 4 weeks your file is sent back to the FSCS, where a final decision is made. You will receive a letter from the FSCS detailing the outcome of your claim.

Also, I am sorry but I am not authorised to say whether your claim has been successful or not, I merely gather all the information necessary for your claim to be assessed. I am no way involved in that process and am not privy to that knowledge.

I hope this helps

 

this is what i have been told today so fingers crossed its going in the right direction still a waiting game though

Link to post
Share on other sites

  • 2 weeks later...

Got a letter yesterday to say Picture Home Loans have had liquidators appointed (Deloitte and Touche). It went on to say they believe Picture have no funds to pay compensation for any claims against them now. Wondering what that all means now.

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...