GE Money- Want to reclaim PPI, but Credit Agreement "Not Regulated"?

[danboy381]

Hello everyone,

 

We want to reclaim a misold PPI policy sold April 2005 and loads of other fees and have a copy of our secured loan agreement, but it says it is "Not regulated under CCA"

 

Does not being regulated under the Consumer Credit Act make any difference, I'm not sure what it even means to us.

 

Thanks for any help.

[dx100uk]

no issues

most morgages over £25k were not.

 

as for PENALTY charges

you might have issue thereas outside of 6yrs

 

be aware of serious wriggling by GE Money

 

they'll fob you off left right and centre that it is not their problem

but the broker

 

dx

[danboy381]

Thanks DX.

 

Er, they already have fobbed us off.

 

The loan is a couple of months in arrears, and I phoned up to make a 'payment plan'.

 

I also took the opportunity to give 'em a dressing down about the amount of interest we are paying, the fact we were missold PPI,. the excessive charges etc etc and they ought to be ashamed. Hehe.

 

I was told the broker Loans .co.uk was the provider of the PPI and it has nothing to do with them.

 

Anyway, the call obviously got recorded and listened too as I have received letters from GE money offering 'some' charges back, (no mention of ppi) and they have also notified Loans.co.uk and they have written to us too, advising they would look into our complaint.

 

Who do we reclaim PPI from GE money or Loans.co.uk (the broker)?

 

Thanks.

[dx100uk]

type in loans.co.uk here and you'll get help

 

they do cough

 

dx

[danboy381]

Thanks DX,

 

I've had a read up of some excellent info.... I STILL don't get it though. Legally do you know if it's the broker who is responsible for the PPI mis sell or GE Money?

 

Thx

[dx100uk]

once you answer that question

 

let the FOS know

 

bit like what came first the chicken or the EGG

 

you wont nail anyone down on it.

 

dx

[danboy381]

??? WOW. What a mess. But suppose that goes for essentially everything in this country.

 

Thanks for your help.

[Sheila117]

??? WOW. What a mess. But suppose that goes for essentially everything in this country.

 

 

 

Thanks for your help.

 

 

 

 

I have an ongoing post, though it's in its infancy might be helpful.

I'm on mobile so hard to link but if you look at my profile and find all posts, you should see it - luckily I've only a handful of posts to sift through

[dx100uk]

here is the link:

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?379605-GE-Money-Loan-paid-but-have-outstanding-arrears-account.

 

 

dx

[danboy381]

Thanks Sheila 117 and thanks for the link Dx.

 

Loans.co.uk have just sent us the PPI questionaire (the financial ombudsmen one)

 

Look forward to sending it back...

[dx100uk]

do a spreadsheet too and a covering letter

 

dx