Miss sold PPI by Loan Line/GE Miney. But cant find any details?

[Fullyskinted]

Hi, I instructed a PPI Claims Specialist to claim back my PPI for me for a loan I took out years ago.

 

Have today received a letter which states that despite several attempts with GE Money (the actual lender), they are refusing to uphold the complaint and are stating that Loan Line were responsible for the sale of the PPI.

The letter then goes on to state that as Loan Line were not regulated by the FSA at the time of the application they are unable to forward the complaint to the FOS.

 

WHAT

 

THE

 

HELL?

 

Not impressed, Ive since tried doing my own research for Loan Line contact details etc and I cant find any! From memory, the loan was taken out with loanline.co.uk but I cant find any websites that seem to be the same company.

 

Has anyone had similar dealings with Loanline / GE Money?

 

How is it that someone can sell credit and not be regulated?

 

Any help/advice greatly appreciated.

 

Thanks. FS

[dx100uk]

smokescreen

 

if you were paying gemoney then the claim is to them.

 

sadly very typical for them to pull this stroke.

 

dx

[Fullyskinted]

OK, spoken to both the claims company and GE. Loanline no longer trading. GREAT!

 

Second. Was Loanline any other organisation? i.e. RBS under another trading name?

 

Third. As the loan was taken out prior to 15th Jan 2005 it cannot be dealt with under the FSA compensations (or whatever) that it might have been because LL are not longer trading...

 

The claims company are saying thats the end of it, cant help, no go, etc etc.

 

However, you've just made me realise something. If Loanline are no longer trading, and the acct was still running, then they would still be making me pay each month and Id still be paying the PPI each month, so surely GE cant get away with that?

[dj1971]

Ge money will try anything and everything they can to get out of any money you may be entitled to.

 

As dx has already stated, if you were paying your monthly premiums to GE money, then your claim is against them. Has no relavence whatsoever who sold the loan.

 

I suggest you ditch the claims company as most are not interested in actually doing any work on behalf of the claimant.

 

If you have details of the charges for PPI, post them up and I will do some calculations for you.

 

If you don't have the details, then you will need to send GE money a Subject Access Request. (SAR)

 

This is a legal requirement on any company who hold details about you to provide you with copies of all information they hold about you.

 

Have a look at the sticky on the PPI homepage entitled "full sar for ppi" This will give you all the information you need in order to send your SAR.

 

Once you get the information, post the details of your charges for PPI and someone will be along to help you out.

 

Good luck

 

DJ

[rnp1966]

subbing this