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PPI Reclaiming Discussion part 4
Comments
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Thanks Marshallka :T
Problem is, I can't afford to 'stay' out of work for long, as we have a mortgage, a son at university, blah blah blah. I am hoping to be working within a couple of months, but of course cannot guarantee this!
I am assuming that if I go for mis-sell, this means I cannot then claim on the insurance, even if un-successful in the mis-sell claim? Is this right? So confusing!
Also, I guess time is not on my side while I go down the mis-sell route. However, if I am working again within a month or so then it would be better to not have claimed.
Aaarrrgghh!! If I knew someone had successfully claimed in similar circumstances, then I'd go for it.
I'll wait and see what else pops up - this site is SO useful!
Thanks again
Hi,
If you make a successful claim then yes your right, they will not look at it as if being mis sold and again if your not successful in claiming, then you do then have that option of going for the mis selling, good luck.;)The one and only "Dizzy Di"0 -
Thanks Marshallka :T
Problem is, I can't afford to 'stay' out of work for long, as we have a mortgage, a son at university, blah blah blah. I am hoping to be working within a couple of months, but of course cannot guarantee this!
I am assuming that if I go for mis-sell, this means I cannot then claim on the insurance, even if un-successful in the mis-sell claim? Is this right? So confusing!
Also, I guess time is not on my side while I go down the mis-sell route. However, if I am working again within a month or so then it would be better to not have claimed.
Aaarrrgghh!! If I knew someone had successfully claimed in similar circumstances, then I'd go for it.
I'll wait and see what else pops up - this site is SO useful!
Thanks again
Also Egg do uphold this they mostly pay back to the card anyway and also think about the length of time FOS are taking for complaints too. This can be 18 months now. How desperate are you?? All this needs considering.
Good luck0 -
With online applications KC, Please be 100% sure that you DID NOT select the PPI yourself. If you did its game over on the PPI front unless there was something missing in the terms and conditions and you would not have qualified for this.
Also be 100% sure that 10% is what they would pay off your bill per month and how long they would do this for, do you know how much a month you pay towards ppi?
I dont think amersall meant 10% was rubbish in that sense, just compared to what you could get if you had been missold PPI.
You would get back all your payments plus associated interest plus 8% on each payment from the date it was paid.
10 years of PPI does add up.DS1 12/10/04
DS2 13/07/06
DD1 06/12/070 -
With online applications KC, Please be 100% sure that you DID NOT select the PPI yourself. If you did its game over on the PPI front unless there was something missing in the terms and conditions and you would not have qualified for this.
Hi, can I ask a Q re Egg online and others where the PPI box is ticked and you opt out? How can you prove/know this?
Thanks.0 -
I have an Egg Card account (I was one of those who they unceremoniously cancelled for no good reason). It goes back to 2002 and that's when they say I ticked some box or other. I read about "unadvised" insurance. If it never would have applied to you/never would have paid out - then it was miss-sold. Egg are the bad guys because they did a hard sell on their PPI back in the day and we know they were fined squillions for that.
Anyway last year things went horribly wrong (financially) for me so I began to do the "fine tooth comb" thing and read about the miss-selling of PPI. On examination, I finally discovered Id been paying through the nose for this whilst a) temping and b) I have a thyroid condition that by all accounts is a real cop-out for any insurer because it affects every system of the body. So it would never have paid out had I lost my job (whatever I was doing that week ha ha) or got sick.
Because I am now in financial difficulty, my case against Egg PPI has been fast-tracked which only means its going to take a little less time- it appears. But from the noises my adjudicator was making, I think the outcome will be in my favour. In the meantime, Im totally in the dark. I don't know about the outcome, or what Egg are saying. I'm waiting for a fat cheque :rotfl:
LThanks so much for your reply Amersall :T
I thought the 10% was quite good!! I'm guessing I'm a little naive
I am concerned that if I have selected a tick box for Payment Protection on the initial application on-line, then isn't it hard for me to claim as being mis-sold? It's that long ago I don't remember it.
Egg have paid out to people, but the report on this site states that it was for cards taken out over the phone, and years after mine.
I don't know what to do0 -
Thanks so much for your reply Amersall :T
I thought the 10% was quite good!! I'm guessing I'm a little naive
I am concerned that if I have selected a tick box for Payment Protection on the initial application on-line, then isn't it hard for me to claim as being mis-sold? It's that long ago I don't remember it.
Egg have paid out to people, but the report on this site states that it was for cards taken out over the phone, and years after mine.
I don't know what to do0 -
With online applications KC, Please be 100% sure that you DID NOT select the PPI yourself. If you did its game over on the PPI front unless there was something missing in the terms and conditions and you would not have qualified for this.
Also be 100% sure that 10% is what they would pay off your bill per month and how long they would do this for, do you know how much a month you pay towards ppi?
I dont think amersall meant 10% was rubbish in that sense, just compared to what you could get if you had been missold PPI.
You would get back all your payments plus associated interest plus 8% on each payment from the date it was paid.
10 years of PPI does add up.0 -
I have rang the FOS today and A&L have not replied to the letter that was sent to them by the FOS.
I have been told that they have 21 days to reply which is up on Friday.
My case will then be put in a pile for someone to look at it0 -
With online applications KC, Please be 100% sure that you DID NOT select the PPI yourself. If you did its game over on the PPI front unless there was something missing in the terms and conditions and you would not have qualified for this.
Also be 100% sure that 10% is what they would pay off your bill per month and how long they would do this for, do you know how much a month you pay towards ppi?
I dont think amersall meant 10% was rubbish in that sense, just compared to what you could get if you had been missold PPI.
You would get back all your payments plus associated interest plus 8% on each payment from the date it was paid.
10 years of PPI does add up.and not one that anyone of us can decide or sway anyone towards. If the poster was not made redundant then I would say to make the missell complaint for definate. Either way I wish them luck and hope they make the right decision for themselves.
It says on egg card site that they pay the insurance for twelve months payments and 1 tenth of the balance owing so that "could" be £1350 (If the poster is eligible for definate!!) and as we all know, when out of work sometimes it can be for longer than we anticipate. I would still stand by what I say in that KC need to think carefully and weigh up the pros and cons on this one. Its a large balance to make repayments on really.0 -
Anybody have a list of credit card companies who have been fined by the FSA for miss-selling ppi please0
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