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Missold Endowment....and its killing me!


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Hi All,

 

Please help, this is killing us...the stress is causing us so many problems...we can't eat and its ruined the family.

 

We took out a Endowment policy in the 90's via a broker. The Endowment policy is Prudential, and we were told the Endowment policy will pay off the total mortgage and pay me a lump sum at the end of maturity.

 

We found out today there is a shortfall of £35k!!!

 

We complained to the FSA/FOS, who stated because the broker is no longer trading we cannot claim compensation. They cannot make the claim against anyone we have been told.

 

We spoke to Money Advise Service who stated, its our word against theres therefore we cannot do anything.

 

Im stuck, I can't eat, sleep and is seriously impacting my life!

 

Can anyone help with this, please?

 

Thanks All.

 

Jane

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when did you take this out

 

..ring any bells?

 

http://www.theguardian.com/money/2006/may/09/endowments.business

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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