P p i

geoff62

hello i tryed to get my ppi back not one of them would give me it,
i would like to know can i try again
can i get a company to try , now i have to say it has been 8 mths snice i tryed:money:

dunstonh

Having PPI is not a mis-sale. If the policy is appropriate and set up correctly (e.g. single premium or loaded into a loan where you pay increased interest on it) then it it unlikely to be classed as a mis-sale or mis-buy. Most getting refunds are getting them because they were not eligible or it was single premium.

can i get a company to try , now i have to say it has been 8 mths snice i tryed:money:

No. It's too late. You have 6 months to take the case further if you wish. If you dont exercise that option within that 6 month period then its game over. You can only re-visit the complaint if significant new evidence comes to light that could change the decision.

petermb_2

dunstonh wrote: »

Having PPI is not a mis-sale. If the policy is appropriate and set up correctly (e.g. not single premium or loaded into a loan where you pay increased interest on it) then it it unlikely to be classed as a mis-sale or mis-buy. Most getting refunds are getting them because they were not eligible or it was single premium.

No. It's too late. You have 6 months to take the case further if you wish. If you dont exercise that option within that 6 month period then its game over. You can only re-visit the complaint if significant new evidence comes to light that could change the decision.

I would not totally agree with that Dunstonh.
If the borrower has a claim that the lender has refused to act on, a solicitor can certainly assist regardless of what the lender has or hasnt done.

Also I would say that any single premium PPI policy is a miss-sell, soley for the fact that no other alternative, like monthly premium policy will have been offered or discussed with the borrower.

dunstonh

Also I would say that any single premium PPI policy is a miss-sell, soley for the fact that no other alternative, like monthly premium policy will have been offered or discussed with the borrower.

Sorry, that was a typo. Virtually all single premiums are going to be mis-sales.

The problem is at the moment is that many people think that just having PPI means that they can get their money back. That is not the case. The sale has to have been inappropriate. If set up and sold/bought correctly then there is nothing wrong.

petermb_2

I would agree with you there. It will be difficult to understand where a mis-sell claim would come from a montly premium policy unless the cover was not suitable for the borrower, ie self employed, government employee or similar( with full pay if off sick) or previous health issues.