KZNSeagull
Well-known member
Did all of you claiming actually agree to take out PPI, or was it included without your knowledge? As far as I remember, with any loans and credit cards I had in the UK, when asked, I never took it out.
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PPI again ! anyone successfully claimed?
- Thread starter Garage_Doors
- Start date
This for me (so all the more annoying to get at least one call a week), but the 'sales techniques' employed at the time were misleading (for example making the agreement of the credit - informally - conditional on accepting the PPI, or quoting repayment figures including PPI but without being transparent that it's included). Sadly a lot of people are so focused on their new car/credit card/kitchen or whatever they don't look at the numbers too closely.
Some lenders made it necessary to make the application go through. Certainly the case for me on 2 occasions.
To OP, set aside a couple of hours and do it yourself. Those companies are parasites and you would literally be chucking away a large percentage. All they would do is use the same boilerplate template you could get and send it to all the big lenders
KZNSeagull
Well-known member
So I guess it must be worth enquiring anyway, even if I do not think that I have a claim? Free money is always welcome!
I reckon so!
brightn'ove
cringe
In my parents' case, they asked to see a copy of the contract they originally signed and the box ticked for PPI had a tick in different handwriting and different coloured ink. So I believe even if you said no, they could have still signed you up for it.
KZNSeagull
Well-known member
Good grief! Definitely worth a try then.
blue'n'white
Well-known member
It's most definitely worth doing it - I got £20K back a few years ago.
Do it yourself - as others have said it is easy - I have no head for figures and when financial "experts" start talking my eyes glaze over but it really is worth it.
It's YOUR money and YOU are entitled to have it back
The Financial Ombudsman will help you if the company refuse to admit that they owe you any money
Go for it
Do it yourself - as others have said it is easy - I have no head for figures and when financial "experts" start talking my eyes glaze over but it really is worth it.
It's YOUR money and YOU are entitled to have it back
The Financial Ombudsman will help you if the company refuse to admit that they owe you any money
Go for it
Arthritic Toe
Well-known member
The payouts are ridiculous - I really wish I had said yes to PPI. Most payouts are far in excess of the amounts actually paid out in premiums. Because I declined PPI (as it was obviously of no benefit to me) I am now penalised as I have to contribute indirectly to the huge pool of money that is made available for the compensation claims.
It really pisses me off that the FSA, who are supposed to regulate these things, do nothing to close down obvious mis-selling schemes when they're happening, but instead wait for 5 years before doing anything about it.
Here's a tip - sign up now for 'identity theft' insurance. It is insuring you for something you are covered for already. In 5 years time, we'll have another huge compensation binge for this one.
It really pisses me off that the FSA, who are supposed to regulate these things, do nothing to close down obvious mis-selling schemes when they're happening, but instead wait for 5 years before doing anything about it.
Here's a tip - sign up now for 'identity theft' insurance. It is insuring you for something you are covered for already. In 5 years time, we'll have another huge compensation binge for this one.
studio150
Well-known member
The FSA was dissolved a few ago with regulation now being under the control of 2 bodies.
There are many insurance policies where the benefit against the risk only really provide peace of mind to the policyholder rather than any financial benefit or assistance with ID theft just being one of those.
Official Old Man
Uckfield Seagull
It's not FREE. It's your money you gave to them. They stole it from you by mis-selling.
Just a point here. If you do get another company to do the leg work (write a simple letter for you) shop around and ask for percentages plus make sure it is a once only payment. Some companies will fleece you for other payments that you do all the work (write a simple letter) for.
boik
Well-known member
There's no such thing as free money. Someone always has to pay.
Tom Hark Preston Park
Will Post For Cash
- Jul 6, 2003
- 72,358
Not PPI, but currently trying to claim for a mis-sold packaged bank account via the Financial Ombudsman. Bank's response was basically, tough titties, your claim was made outside of lime limits set by the FCA (regulator). Presumably they try and kick back on PPI claims on the same basis?
Arthritic Toe
Well-known member
Thats bonkers. What is peace of mind if its not financial compensation for a loss?
ID theft insurance is an attempt to make you pay for insurance for something the bank is liable for.