Overdraft Protection

Lucyb32

Hi

I am new to this but have a q....

I have for quite some time probably 2 years plus paid overdraft protection. Last week I was made redundant so made the call to Barclays to see what they could do. I was informed the O/D protection was for disability only. i am so annoyed what a waste of money. My understanding was that it covered redundancy/long term sick etc. I was sold this wrongly.

Can I do anything?

Thanks

opinions4u

Lucyb32 wrote: »

Hi

I am new to this but have a q....

I have for quite some time probably 2 years plus paid overdraft protection. Last week I was made redundant so made the call to Barclays to see what they could do. I was informed the O/D protection was for disability only. i am so annoyed what a waste of money. My understanding was that it covered redundancy/long term sick etc. I was sold this wrongly.

Can I do anything?

Thanks

1) Turn the clock back and read the documentation they provided with the policy. It would have been pretty clear.

2) If you can prove that they didn't make it clear in a 'key facts' document there may be a case for mis-selling.

Ultimately, I suspect you bought it without taking the time to understand what is covered.

Out of interest, how much were you paying for the cover and how much did it say it would pay out (and for how long)?