Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

[dogtired]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Hope not!
Dip in but not necessarily post, still have problems with Barclay's and this is with FOS.
DT

[MBD23]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

is there a timelimit on the consultation, i suppose all parties will have realised the slower they are to reach a decision the slower the letters are to go out the slower the 3 year deadline starts
this is all showing me the banks see this as a 3year+ problem and way in excess of the 8bn they have provisioned for, as at 500mil a month and 2bn in this problem would be gone in a year and no need for letters, so why write to people? because they know this is going to hit their balance sheets every year for the next 6 years far in excess of the provisions they have allocated?

[Bill-K]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Only if nobody posts in it any more, I guess !!

[MBD23]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

has this thread died a death

[Angry Cat]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

BBC News - Banks to write to all PPI victims

[Bill-K]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

I guess this is still really a PPI problem, because that seems to be what is in dispute. So, Sainsbury have refunded you all the PPI, instead of using it to reduce the balance owing ? So, they have effectively given you the choice as to what you do with that refund, when they would normally have given you no choice in the matter.

So, if you choose to spend it on a holiday, then you have chosen not to reduce the balance owing, and therefore the original debt remains at the original 'unreduced' balance, and is still payable. If you choose to reduce the debt by paying this refund to the DCA, then that is what WOULD have happened if Sainsbury had done what they said they would.

Basically, if you choose to keep the PPI refund, then your debt still remains unpaid. That's the way I see it, DT.

[Angry Cat]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

This is a problem that many are going to come up against...they pay peanuts for the debts and then want to grab the PPI repayments.

Every case is different, it is up to each individual to weigh up the pros and cons involved in reclaiming.

[dogtired]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Regarding balance, it is also complecated, had been on a payment plan and had no statements, Sainsbury then said I could no longer continue with this plan and for about eleven months I paid the minimum payment until I lost my job and sent them income and expenditure, which continued whilst the ppi was going on, at first they rejected this trying to claim that it was "card protection" The FOS was involved but it took from February to October last year for it to be sorted.
The offer letter came one day and the cheque two days later.
There was a balance on the card at the time and I did understand that I would get any remainder as it is they sent the whole amount.
They transfered it to Robinson Way and then back to Blair Oliver Scott during this time.
Currently they have, reluctantly, agreed to a "hold" of thirty days whilst they "look into" it
So should I start a new thread, will do this on main computer,where would be a good place to put it?

[Bill-K]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

...this figure has been variable and has gone down by £1!

...I have tried a prove it and sent another £1 but all I have had are more pay up or else letters

This sounds like it is no longer a PPI issue, but one of 'misappropriation,' to put it gently, Dogtired. Sure looks like they are side-stepping your CCA requests. Not nice - and smells like a rat. If you haven't started a thread for this, then I reckon it deserves one of its own. There are others who have had the same problem, where their £1 CCA fee has been effectively 'nicked.'

When they do that, they not only pinch a quid of yours, but they imply guilt of a much deeper nature, I reckon.

[leclerc]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Way back in October I had two PPI claims with BOS.
One with Cabot out of which I got a small sum of £80.
The other was a Sainsbury card that took longer and eventually got an settlement.
From the letter they said that any remaining balance would be sent to me
Two days later I got a check for the settlement in full.
Then I had demand letters first from Robinson Way and lately Blair Oliver Scott demanding just over £900 this figure has been variable and has gone down by £1!
I have got back in touch with the ombudsman and it is unclear what they are playing at.
If they made a mistake in paying me this amount do I still have to pay this.
I have tried a prove it and sent another £1 but all I have had are more pay up or else letters:
:-(
DT

Was there any money owing on the Sainsbury card? Is there a reason, if the balance was at £0 why you owe the money? They paid out in good faith and you have not received any correspondence from Sainsbury to state that they had made a mistake so I cannot see their issue.

What are BOS wanting money for?

[dogtired]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Way back in October I had two PPI claims with BOS.
One with Cabot out of which I got a small sum of £80.
The other was a Sainsbury card that took longer and eventually got an settlement.
From the letter they said that any remaining balance would be sent to me
Two days later I got a check for the settlement in full.
Then I had demand letters first from Robinson Way and lately Blair Oliver Scott demanding just over £900 this figure has been variable and has gone down by £1!
I have got back in touch with the ombudsman and it is unclear what they are playing at.
If they made a mistake in paying me this amount do I still have to pay this.
I have tried a prove it and sent another £1 but all I have had are more pay up or else letters:
:-(
DT

Suggestions on next course of action anyone?
DT

[dogtired]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Way back in October I had two PPI claims with BOS.
One with Cabot out of which I got a small sum of £80.
The other was a Sainsbury card that took longer and eventually got an settlement.
From the letter they said that any remaining balance would be sent to me
Two days later I got a check for the settlement in full.
Then I had demand letters first from Robinson Way and lately Blair Oliver Scott demanding just over £900 this figure has been variable and has gone down by £1!
I have got back in touch with the ombudsman and it is unclear what they are playing at.
If they made a mistake in paying me this amount do I still have to pay this.
I have tried a prove it and sent another £1 but all I have had are more pay up or else letters:
:-(
DT

[EXC]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Answers on a postcard as to who the 4 may be?

Well it looks like one of them is NRAM (Northern Rock) who, according to a thread on MSE, have been contacting customers who had been sold PPI with unsecured loans through Northern Rock's telephone, branch and internet sales channels between 14 January 2005 and 18 March 2008.

Northern Rock PPI Letter - Page 4 - MoneySavingExpert.com Forums

And it appears that quite a few have already been refunded.

[Angry Cat]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

BBC News - PPI compensation payouts near £2bn

[EXC]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Fraud firm CPP suspends its shares as mis-selling crisis deepens

Fraud prevention firm CPP was plunged into crisis yesterday – less than two years after its founder pocketed £120million.

Shares in the York-based business were suspended at 103p after bosses warned it could be driven to the wall by a City watchdog probe.

That’s a fraction of the 235p when CPP floated on the stock exchange in March 2010, triggering a windfall for founder Hamish Ogston, who sold a 40% stake in the company.

The 62-year-old, who started the company with £1,000 in 1980 and was given a CBE for his services to business, is now nursing a big paper loss on the 57% shareholding that he kept.

But with those shares still technically worth £100m, he’s unlikely to get much sympathy from CPP’s workforce, including more than 1,300 in the UK, who are facing a nervous wait.

CPP is reeling from an 11-month long investigation by the Financial Services Authority into claims of serious mis-selling of its identity and card protection products, including using alleged pressure selling tactics.

The company yesterday asked for its shares to be suspended after what it called “disproportionate” new demands by the FSA, which it said would “threaten the viability of the business.”

The extra work is thought to involve going back over its records for evidence of possible mis-selling.

The company has more than 11 million policyholders – 4.5 million in the UK.

It came as CPP was rocked by Barclaycard’s decision not to renew a contract with the firm.

CPP, under new boss Paul Stobart, hopes to hammer out a compromise with the FSA in the next couple of weeks.

Even then, it warned that any workload would have a “significant adverse financial impact on the group.”

Boiler repair firm HomeServe has also been hit with a mis-selling scandal, prompting it to announce 200 job losses earlier this month.


Fraud firm CPP suspends its shares as mis-selling crisis deepens - Mirror Online