FSCS in-default register

The Loan Processing Centre Limited (subsequently LPC (Realisations) Limited)

Declared in default17 December 2009FRN 303450

What this means for you

Because The Loan Processing Centre Limited (subsequently LPC (Realisations) Limited) has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.

Background

The Loan Processing Centre Limited, registered under FRN 303450 and later operating as LPC (Realisations) Limited, was declared in default by the FSCS on 17 December 2009. The firm's specific product offerings are not documented in available records. Former customers may be eligible for FSCS compensation, though the applicable limits depend on the type of financial product held at the time of the firm's failure.

Products this firm wrote

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How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.