PPI case passed to FOS Adjudicator at last but how long now to wait?

[stalin's dead]

My case as now at last been passed to an adjudicator after being sat in the FOS queue since March 2010. Can anyone confirm exactly how long the ADJUDICATION PROCESS takes to reach a firm decision and is the decision legally binding on the lender?

 

Thank you and regards

 

SD

[phoenix11]

That's an appalling amount of time to wait for it just to be passed to an adjudicator.

 

Have you had the letter from the adjudicator as that should give you an idea of the first timescale for them to read the complaint and start the ball rolling.

 

Expect it to drag on - and on - and on! Whilst the financial institutions seem to be able to get away with penalising their customers within a nano second, they are allowed to be given months and months to respond to complaints!!!

 

I don't think the FOS can enforce any decision in your favour.

 

However, my understanding is that if you then took it to Court, the fact that the FOS had found in your favour would not go down well for the bank or whoever issued the PPI.

Edited January 29, 2011 by phoenix11

[MARTIN3030]

The situation is that in dragging their feet on this for so long,the banks have very much frustrated the FOS in terms of its resources and capital reserves.

There are around 210,000 cases which is considerably higher than the FOS had anticipated.

There has been a challenge to the FSAs ordering of the banks to deal with these cases under their obligations.

You can read more about this on the site,and also the Judiciary review which the BBA called for.

FOS intervention in no way affects your ability to sue your bank in the small claims Court,and many have successfully done so your wait for the FOS is likely to take long even at this stage.

[lenny100]

so it look like another wait for my case as it was not sent to the adjudicator untill june 2010 on a case the frist level said i had won my case but lloyds totaly ignored

[MARTIN3030]

Yes its my guess that you will be waiting a long time yet.

[bluebell1]

We first took our complaint to the FOS in September 2008.

 

Here we are more than THREE YEARS LATER and still waiting.

 

CAN ANYONE OUT THERE BEAT THAT????????????

[bluebell1]

Oops, should point out not to do with pp1, but all to do with home insurance

[Smileymiley]

Keep emailing the Chief Ombudsman for resolution it worked for me