MSE News: 'I got £82,000 PPI back'
Comments
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If the story is true...
As others have said, it's the 8% interest which has resulted in this mammoth payout-not only his PPI redress.
He must have been paying without question for years, poor sap!
Pity he felt he needed a Claims Handler.0 -
andypandy1 wrote: »I fail to understand how anybody can pay out such a large sum of money and not ask the appropriate questions. Surely this man needs to accept some of the responsibility.
If you get an unrecognised item on your statement then the onus should be on you to query it there and then, not let it fester.
With that in mind, I cannot see why Barclaycard did not just timebar him.0 -
Fab news. Love some good news, and in my county....yay0
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magpiecottage wrote: »I cannot see why Barclaycard did not just timebar him.
Could it be they finally paid out because he had continued to pay unknowingly for so long to a single credit card company?
Could it not also be Barclay's paid because the FOS found in his favour after several rejections by the Bank?0 -
Moneyineptitude wrote: »Why would the story not be true?.
Because very often the 'truth' makes for very poor news. £82000 sounds a lot more exciting than £82, as an example.0 -
Because very often the 'truth' makes for very poor news. £82000 sounds a lot more exciting than £82, as an example.
This is not Fox News!:money:0 -
Moneyineptitude wrote: »If I thought this site was as unreliable as you suggest it might be, I don't think I'd be posting on it's forum or visiting it so often.
This is not Fox News!:money:0 -
I don't understand why anyone would get their story and picture in the public domain, just for 15 seconds of fame, when it involves admitting you were:
- ignorant enough about your finances to not notice peeing £82k up the wall
- disinterested/lazy/craven enough to pay a solicitor to write a letter, instead of following it through yourself, that ended up costing you £25k
But then I don't get why lottery winners go public either.0 -
- disinterested/lazy/craven enough to pay a solicitor to write a letter, instead of following it through yourself, that ended up costing you £25k
Effectively, this bloke was ripped off twice- firstly over several decades by his Bank and secondly by a ruinously expensive claim company.
Remember also that he didn't actually pay £82,000 in PPI. It's the 8% interest over such a long period that has resulted in his enormous payout.0 -
Moneyineptitude wrote: »I think you'll find it was a Claims Handler who posted his letter. No court case was involved.
Effectively, this bloke was ripped off twice- firstly over several decades by his Bank and secondly by a ruinously expensive claim company.
That is one way of looking at it, yes. The way I see it, if he agreed to giving the claims company that % share then that's his bad luck. To get 'ripped off', one generally has to be taken advantage of without consent.0
This discussion has been closed.
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