fscs ppi dismiss on 2 cases

[joe90-123]

I've been lurking for a few weeks as a guest and recently registerd to ask a question / recieve advice.

 

I have recently submiited a multiple claim for mis-sold ppi to the fscs as the broker in question has gone into default with the fsa

 

The broker in question went into default in roughly August of last year 2010 and the next day opended as a different company at the same address with the near excact name using the same website details.

 

Becuase the ppi was sold to me via this broker i was advised they were the company i had to complain against

 

The fisrt set of ppi was sold to me with a mortgage with the in 2002

The second set was sold to me with a mortgage in 2004

and the third was sold to me with in 2008

 

I have been informed by the fscs that the first 2 are'nt coverd by there scheme as the can only rule on cases after Jan 2005 .

 

Do i have any form of redress at all with the first 2 sets of ppi ?

 

Thankyou for any help or advice you can give .

 

Joe90-123

[dx100uk]

your PPI reclaims should go to the OC

whom you were paying.

 

dx

[joe90-123]

Thankyou dx for your reply , ive been following some of the cases that you have advised on and all i can say is you seem to be a life saver on this site along with many others.

 

I'm a real Newbie on here so could you please tell what OC stands for please?

 

I seem to have found this group too late as i currently have my cases with ,

 

mortgage cases as mentioned above

loans with The Co-Operative bank

cases with the Black Horse

cases with the Beneficial finace

 

All of the loan cases will have been passed to the fos very soon as they are all over there 8 week set period as they are claiming the jr as a stalling tatic.

 

When you say get intouch with the oc i assume you mean the original lender for the mortgage or the original supplier of the ppi ?.

 

I did instruct to do this but as the ppi was sold via a broker they have told me to persue them for the mis-sold ppi , is this incorrect?

 

Joe90-123

[joe90-123]

Any advice or suggestions on the above anyone?

[dx100uk]

no garbage

 

get rid of the reclaims co.

 

do it youreself

 

we'll help

 

dx

[joe90-123]

dx what do you mean by "no garbage" ?

 

Would i still be able to drop the claim company even at this stage as most of the claims have gone into the fos?

 

Thanks for replying to my previous question .

 

 

Joe90-123.

[dx100uk]

oc is the target for ppi claims always

you paid them fullstop

 

ok so its with the fos.what have they done

poss sent an sar or two.........

 

you can do all this online

you stand to lose £1000's if you continue with the fleecers.

they take a cut

 

dx

[joe90-123]

Thanks dx for the advice ,

i will contact them in the morning to see about takimg back control of these clains,

 

Cheers again.

 

Joe90-123.

[dx100uk]

i wouldn't say you want to take them back

 

just say due to family circumstances, you do not wish to continue the claims through them and for them to return all paperwork

 

i've removed their name to protect lurkers

 

dont pay anything too!

 

dx

[dx100uk]

no sorry

 

whomever you are paying/paid your monthly sums too are responsible

nothing to do with a broker, just a smokescreen to confuse you.

 

dx

[dx100uk]

the names of the guilty mortgages/loans/card providers have been removed for reasons of the inpending cancelling of the case with the claims co.

 

however, they are all household names with many many successful PPI claims against them detailed here.

 

being told to go after the broker is a smokescreen!

 

there are a few mortgage brokers that did sell PPI , so going after the broker in these instances is correct.

 

but as stated the OP's are all big companies that use the broker thing as a getout - go get the mortgage provider!

you paid them the money - what they did with it is not the OP's problem!

 

dx

[dx100uk]

no

the op said that because he had been told that by the mortgage provider

this is a household name, with 1000's of success stories

go after the mortgage provider THE ONE YOU PAID YOUR MONTHLY MORTGAGE TOO>

 

anyhow 4 posts - granma suck eggs saying comes to mind here

 

nuff said from me

 

dx

[42man]

One thing that should be considered here is the possibility of a secret or undisclosed commission that was paid by the lender to the broker. If for any reason there is a 'backhander' that has been paid to the broker (and I don't mean the brokers fee). Then both have JOINT liability.

[joe90-123]

One thing that should be considered here is the possibility of a secret or undisclosed commission that was paid by the lender to the broker. If for any reason there is a 'backhander' that has been paid to the broker (and I don't mean the brokers fee). Then both have JOINT liability.

 

Is this information i could ever find out?

 

Any conformation at all from anyone Knowledgeable if i could persue a clain against the oc if it was mis-sold through a broker who has gone bust ?

[42man]

Have a read here (and please the links here too) Joe.... - http://www.consumeractiongroup.co.uk/forum/showthread.php?291805-swift-advances-charges-help!!!!please

[joe90-123]

Thanks 42man , a very intertesting read and vey indepth .

 

I have just gone over the Mortgage paper work from the broker with a fine tooth combe , and sure enough there is a section headed fees and commisions

So they have stated a cash figure for all of there fees and comision from the PPI company ,

So i guess thats that avenue closed,

 

Thanks anyway for taking the time to help with this.

 

Joe90-123

[dirkuberpower]

The commissions stuff is baloney. Since nov 04 all this is disclosed in kfi and mortgage offer.

 

Mortgage ppi (particuly since 94) is harder to complain about as much tighter sales process with fact finds, idd's, kfi's and mortgage offers all displaying info about the insurance.

[joe90-123]

Thanks for the reply.

 

I think i understand where you're coming from ,

but i was very naive and took the ppi on the advice of the broker as he told me i was unlikely to get the mortage without it ,

highindsight is a luxury i now don't have for these cases

and becuase the broker has gone under the first 2 sets of ppi sold on the mortgages i took out in 2002 and 2004 seem to be lost

 

I hope i have abit more luck on the one they brokerd in 2006 which is now in the hands of the fscs aswell but i'm unsure on what grounds they uphold cases.

At the end of the day it will be my word against them so i'm not holding out much hope

 

Joe90-123

[42man]

Does this include ALL the agreements ? or just an individual agreement ?

[joe90-123]

The fscs had all three mortgages passed to them as the Broker in question had gone under .

The first reply i had from the fscs was a tel call informing me that the first 2 mortgages 2002 and 2004 were not coverd by them as they were before thier remit Jan 2005

 

I still hold out a little hope on the third mortgage ppi as that was mis-sold in 2006.

 

Joe90-123