* Please HELP * GE and the FSA, or how the FSA responded to the GE charges & the PPI claim

[dx100uk]

our search bar?

 

 

http://www.google.co.uk/cse?cx=partner-pub-0964707606882478:652l7hswbgv&ie=UTF-8&q=PPI+section+32&sa=Search+CAG#gsc.tab=0&gsc.q=PPI%20section%2032&gsc.page=1

[Munirs]

Hi everyone

 

This is the follow up to the events as described in this article,

http://www.consumeractiongroup.co.uk/forum/showthread.php?435996-GE-Money-Blue-Sky-PPI-Charges-help&p=4769949#post4769949 ,

which as you'd agree has been kind of hijacked and forked into various matters.

 

To bring back the focus on GE and specifically, the charges and the PPI claim.

 

As you recall,

we had a secured loan with GE the amount of which is over the £25k threshold

and on the application form given to us by their brokers Blue Sky Finances of various address from Cardiff to Glamorgan,

the single PPI was already pre-ticked.

 

I have followed to the letter everything that was said here about filing claim for unfair charges and submitted this to GE.

Their replay was that the charges mostly are outside the six years time limit

and that as a gesture of good will, they'll consider the tiniest part of the claim.

They also said that this was their last response and that the matter should be taken to the FSA.

 

So we did.

 

The FSA have now responded with this:

 

"We can only look at complaints against GE, about events that occured on or after 6 April 2007,

but only if the loan agreement is regulated by the Consumer Credit Act (ACT).

 

 

Prior to 6 April 2008, loan agreement providing credit in excess of £25k were not regulated by the ACT.

 

Due to recent change in regulation, we may be able to look at complaints about unregulated agreements

but pnly if the complaint is about events which occured on or after 1 April 2014."

 

It goes on to say " As you are complaining about charges added to your account over six years ago we are unable to consider the merit of your complaint "

 

Also says that if we think the complaint is one the ombudsman service can look at, then reply to them by 2 October!!!!

 

OK, this time limit is getting to me

 

I read hundreds of times that 6 years time limit does not apply to secured loans.

 

Can you please help me with an appropriate response, not asking for work per word help, just a guideline of how I can get this mess sorted.

 

Why the FSA think 6 years time limit is valid in this case would be a great start,.

 

Please help I have only few days left..

 

Thank you

[Munirs]

Hi everyone

 

This is the follow up to the events as described in this article,

http://www.consumeractiongroup.co.uk/forum/showthread.php?435996-GE-Money-Blue-Sky-PPI-Charges-help&p=4769949#post4769949

, which as you'd agree has been kind of hijacked and forked into various matters.

 

To bring back the focus on GE and specifically, the charges and the PPI claim.

 

As you recall,

we had a secured loan with GE the amount of which is over the £25k threshold

and on the application form given to us by their brokers Blue Sky Finances of various address from Cardiff to Glamorgan

, the single PPI was already pre-ticked.

 

I have followed to the letter everything that was said here about filing claim for unfair charges and submitted this to GE.

Their replay was that the charges mostly are outside the six years time limit and that as a gesture of good will,

they'll consider the tiniest part of the claim. They also said that this was their last response and that the matter should be taken to the FSA.

 

 

 

 

So we did.

 

The FSA have now responded with this:

 

"We can only look at complaints against GE, about events that occured on or after 6 April 2007,

but only if the loan agreement is regulated by the Consumer Credit Act (ACT). Prior to 6 April 2008,

loan agreement providing credit in excess of £25k were not regulated by the ACT.

 

Due to recent change in regulation, we may be able to look at complaints about unregulated agreements

but pnly if the complaint is about events which occured on or after 1 April 2014."

 

It goes on to say " As you are complaining about charges added to your account over six years ago we are unable to consider the merit of your complaint "

 

Also says that if we think the complaint is one the ombudsman service can look at, then reply to them by 2 October!!!!

 

 

OK, this time limit is getting to me

 

I read hundreds of times that 6 years time limit does not apply to secured loans.

 

Can you please help me with an appropriate response, not asking for work per word help, just a guideline of how I can get this mess sorted.

 

Why the FSA think 6 years time limit is valid in this case would be a great start,.

 

Please help I have only few days left..

 

Thank you

[citizenB]

Will alert others on the site team who will be able to help.

[Munirs]

Thank you so much citizenB

[dx100uk]

gotta be court claim time surely

but who is your target...........urm......

[Munirs]

gotta be court claim time surely

but who is your target...........urm..... .

-==============

 

 

Target? for the unfair charges, it's GE...For the PPI, the original broker have ceased trading at the address on the loan application, but seem to have moved on elsewhere...so PPI, not sure. Possibly First Finance, if there is a link between broker and them and since GE took over from FF, then GE?

 

Court? on what argument please.

 

Thanks