PPI Reclaiming Discussion part 4

di3004

Yet another mis selling scandal, the customers put last yet again!!!:mad::mad:

LynK_3

What annoys me is that we totally trusted these banks, I was always brought up to trust and respect, police, doctors, teachers and bank managers!! When they told me I needed PPI I and it was part of the loan package not for one minute did I doubt them, I totally took them at face value.
Really I think we were all completely hoodwinked. Surely it is only right we are all compensated fully and unequivically.

beamerguy

cappo wrote: »

This is incredible




http://uk.news.yahoo.com/banks-accused-interest-rate-insurance-scam-044128636.html

Has it now reached the point where the only way banks can make money is to SCAM their customers ??? :mad:

beamerguy

LynK wrote: »

What annoys me is that we totally trusted these banks, I was always brought up to trust and respect, police, doctors, teachers and bank managers!! When they told me I needed PPI I and it was part of the loan package not for one minute did I doubt them, I totally took them at face value.
Really I think we were all completely hoodwinked. Surely it is only right we are all compensated fully and unequivically.

You are so right LynK

Hoodwinked is far too gentle a word .. SCAMMED AND DEFRAUDED are much better and TRUE words

forresflower

Just read an article on The Guardians website saying that HSBC are going to miss wednesday deadline along with another un-named bank! Sorry cant post the link as a newbie
Cheers.

trish22_2

When we have had an upheld from lloyds tsb on a credit card,does this mean that the credit card will be reduced by the said amount,will we get the ppi back that has been paid and have the balance of the credit card redressed,my son is under the impression this should happen,is he correct ,as he reckons they are giving back in one hand and taking back with another Help please if possible

beamerguy

trish22 wrote: »

When we have had an upheld from lloyds tsb on a credit card,does this mean that the credit card will be reduced by the said amount,will we get the ppi back that has been paid and have the balance of the credit card redressed,my son is under the impression this should happen,is he correct ,as he reckons they are giving back in one hand and taking back with another Help please if possible

Yes, they will probably credit the amount to your card if there is a balance owed thereby reducing that balance

kelly993

trish22 wrote: »

When we have had an upheld from lloyds tsb on a credit card,does this mean that the credit card will be reduced by the said amount,will we get the ppi back that has been paid and have the balance of the credit card redressed,my son is under the impression this should happen,is he correct ,as he reckons they are giving back in one hand and taking back with another Help please if possible

Hi Trish
If you are in arrears then the bank has the right to use the redress to clear the arrears from your card if there is any left over after it is cleared then you will receive the rest. If your payments are up to date then you should get all the redress to do with as you please.
Well done for getting an uphold :beer:

CFC

Hi all

Just starting out on this journey! My husband has an Aqua card which I believe had PPI missold to him on the basis of pushiness and lack of factfinding. I see on the complaint template form that I can put that I am complaining on his behalf. Is it ok to do this or is that really only for children claiming for elderly parents etc?

Next question - Bank of Scotland have written to him saying that some exclusions were not drawn to his attention and that those exclusions will no longer apply. I believe they will defend themselves by saying that they have now changed the t & c so they are in line with what he was told - however to me that clearly means it was missold as he would have been unable to claim in those circumstances.
Does anyone have any experience of Bank of Scotland reclaims to help me along?

anne47

I sent a claim to RBS on 16th June and hadn't heard anything from them so I phoned at the beginning of August to see what was going on . A very nice polite woman told me that it would be 16 week before I would hear anything but she told me that they were looking into my claim and actually told me of a couple of loans I had forgotten about . She also asked me if I wanted the a/c nos of these !!!!!! So now I wait ...........in anticipation .