We had a car loan in 2004 the car dealer sorted this out for us together with the PPi,
we are attempting to reclaim back the PPi.
We sent the first letter to the car dealer (and also to the loan company just in case) stating that we believe it was missold due to:
1. Hubby being self employed at the time.
2.Previous medical condition.
3.Single premium policy but was not seen through to the end as we paid off the loan early.
4.The sales person told us we had to have it to get the loan.
5.We were not told that we could buy the insurance else where.
Today we have received a letter saying the following: "We have investigated your claim and can advise that after consideration and having spoken to the Finacial Ombudsman's office your alleged claim does not fall within the Ombudsman's jurisdiction.
With this in mind, I am afraid to advise you that we will not consider any settlement with regard toyour alledged claim for the following reasons:-
The insurance product you took out was purchased prior to the group being regulated (14 January 2005).
The insurance product you took out was terminated prior to the group being regulated (14 January 2005)
You still have the right to refer to the FOS if you wish"
Is that it? Have I drawn a blank here or is there any hope at all?
we are attempting to reclaim back the PPi.
We sent the first letter to the car dealer (and also to the loan company just in case) stating that we believe it was missold due to:
1. Hubby being self employed at the time.
2.Previous medical condition.
3.Single premium policy but was not seen through to the end as we paid off the loan early.
4.The sales person told us we had to have it to get the loan.
5.We were not told that we could buy the insurance else where.
Today we have received a letter saying the following: "We have investigated your claim and can advise that after consideration and having spoken to the Finacial Ombudsman's office your alleged claim does not fall within the Ombudsman's jurisdiction.
With this in mind, I am afraid to advise you that we will not consider any settlement with regard toyour alledged claim for the following reasons:-
The insurance product you took out was purchased prior to the group being regulated (14 January 2005).
The insurance product you took out was terminated prior to the group being regulated (14 January 2005)
You still have the right to refer to the FOS if you wish"
Is that it? Have I drawn a blank here or is there any hope at all?
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