norton finance ppi claim

[3661973]

hi everyone,i`m a first time user,but have been reading the forums for a while,my question is,i got a secured loan with picture through norton finance;with ppi in 2006 i have paid in installments 28000.00,and when i asked for a balance,it has only come down by 1000.00 who do i claim against,and will this be a long drawn out affair

[calamity jane]

Re: norton finance ppi claim

Welcome to Legal Beagles.

It looks as if you might have quite a few charges that you can reclaim as well.

Since the Judgement on 24th April this year, reclaiming mis-sold PPI should not be too dificult. Post 3 on the link below has a link to a standard form that you can download and complete.

http://www.legalbeagles.info/forums/...ad.php?t=22339

Your should also send Subject Access Requests to Norton Finance and Picture. These will cost £10.00 each but will provide you with all the information on your loan including any charges. A standard S.A.R. can be found on the following thread.

http://www.legalbeagles.info/forums/showthread.php?t=70


CJ

[3661973]

Re: norton finance ppi claim

thanks for the info,i was getting a bit concerned that no one was replying

[WendyB]

Re: norton finance ppi claim

thanks for the info,i was getting a bit concerned that no one was replying

Could possibly be that no-one replied as they thought, by your user name, that you were a spammer - spammers tend to use numbers as their user names. Sorry!

How much was the original loan for? And do you have any idea why the balance has only reduced by £1000 after all this time? How much are the monthly instalments?

Might be an idea if you could post up the original agreement, if you have it.

You definitely need to send SAR to get a full picture of what's what.

[3661973]

Re: norton finance ppi claim

no need to be sorry wendyB,i`m the new guy here,i never thought that`s what spemmers do.The origonal loan was 46000 plus 11477.00 for insurance totaling 56477.00 and installments are 504.23 per month

[3661973]

Re: norton finance ppi claim

when i phoned the loan company up they said that out of the 504.23 420.00 was interest by the way the apr is 8.9%

[WendyB]

Re: norton finance ppi claim

I'm not an expert in this, but any chance you could scan in the front page of the loan agreement?

[3661973]

Re: norton finance ppi claim

i`m looking for it,but it`s not where it`s supposed to be sorry

[calamity jane]

Re: norton finance ppi claim

If you are able to find the agreement, don't forget to remove personal details before posting on the thread.





CJ

[3661973]

Re: norton finance ppi claim

just a quick update here guys-----started claim against norton they replyed within a week asking for documents ( because they can`t find them),i sent them off last thursday and have had another reply saying they now don`t
deal with picture anymore,but have asked me to sign a form giving them
permission to ask picture for information about my loan,find this strange as
norton arranged the loan ??,will keep you updated

[TUTTSI]

Re: norton finance ppi claim

The actual loan was with Picture and it is they who should have the information you require. I take it Norton were the brokers?

Something though in the back of my mind tells me that Picture is no longer.... I could be wrong, I tried to find the thread to confirm this. I understand that other companies such as Webb Resolutions took over some of their business.

I will have a further search around and or perhaps someone else with more knowledge of Picture will come to your aid.

just a quick update here guys-----started claim against norton they replyed within a week asking for documents ( because they can`t find them),i sent them off last thursday and have had another reply saying they now don`t
deal with picture anymore,but have asked me to sign a form giving them
permission to ask picture for information about my loan,find this strange as
norton arranged the loan ??,will keep you updated

[3661973]

Re: norton finance ppi claim

:tinysmile_hmm_t2:yes i did speak to webb and they said it was norton who sorted out the loan ,not picture.Do you think it could be a case of---it`s notons fault not
our`s situation

[TUTTSI]

Re: norton finance ppi claim

http://www.fscs.org.uk/news/2009/aug...plc/index.html

2009 >

• Picture Financial Services PLC

Picture Financial Services PLC

7th August 2009
The Financial Services Compensation Scheme (FSCS) has declared Picture Financial Services Plc in default. This means that the FSCS is satisfied the firm is unable, or likely to be unable, to pay claims against it. A declaration of default opens the way for consumers to claim compensation from the FSCS.
How to make a claim for compensation

If you believe you may have a claim against this firm and have not yet received an Application Form, please contact our Customer Services Team with full details of your claim. We will then send you a form.
If you have previously completed an Application Form, you do not need to do anything more at this time. We will contact you again if we require any further information or to confirm the decision we have reached on your claim.
How long will claims take to process?

The FSCS is currently dealing with claims against Picture Financial Services Plc, and is aiming to complete claims within six months of receipt of an application form or within six months of the firm being declared in default, whichever is later. If it becomes apparent that we will not be able to deal with your claim within this timescale, we will let you know.
About the FSCS

The Financial Services Compensation Scheme (FSCS) is the UK's statutory fund of last resort for customers of financial services firms and may be able to help consumers if an authorised firm is unable, or likely to be unable, to pay claims against it. The FSCS was set up under the terms of the Financial Services and Markets Act 2000 and protects deposits, insurance, investments and home finance business.
For claims relating to insurance business, the FSCS can pay compensation of 100% of the first £2,000 and 90% of the remainder of the claim.
You do not need to claim through a solicitor, accountant or anyone else. Bringing a claim direct to the FSCS will not cost you anything. If you do decide to instruct someone to act for you, we will not be able to pay their fees.
More information about the FSCS
FSA information about payment protection insurance

[TUTTSI]

Re: norton finance ppi claim

The loan who do you actually pay Norton or Picture?

The loan agreement documents which you signed are they Norton or Picture?

:tinysmile_hmm_t2:yes i did speak to webb and they said it was norton who sorted out the loan ,not picture.Do you think it could be a case of---it`s notons fault not
our`s situation

[3661973]

Re: norton finance ppi claim

It Was Picture,but Fcsc Rejected The Clam Saying That Norton Set It Up And That I Had To Claim Against Them