MSE News: PPI misselling leads to £8,000 debt write-off

belle60

Balbvs wrote: »

Ask yourself one simple question. Would MBNA offer you anything if they wern't in the wrong? The mere fact they have offered anything means they have admitted defeat and are trying to limit the cost. If I were you I'd turn their offer down flat.

Hi i'm going to get tough! and decline the MBNA offer as you say as they have offered so quick!! they are admitting defeat and limiting the cost!, sending decline letter to MBNA and to the FOS and see what happens next! cheers everyone

Alan4385

I ran up a balance on my MBNA card through taking time off to look after my wife, who has breast cancer. They charged me £70 PPI one month. I tried to claim but they told me I would have to close my building business and be approved for Carer's Allowance. My policy said I could claim if I had to 'take time off' to look after a sick relative. Can anyone suggest how I can pursue my claim?

everest1

I know this is not exactly on topic, but I would like to ask the forum if anyone thinks that Contributory Negligence could be used as mitigation of a debt, by those who have lost jobs/income as a result of this banking crisis. In particular against debts owed to banks such as HBOS and RBS etc, where it could be said these lenders have contributed to the borrower's financial downfall and ability to repay a debt ?

ICan'tStandIt wrote: »

I really don't know how I feel about such cases.

One the one hand, she's obviously not disputing that she owes the balance (if you minus the PPI premiums), so I think that letting her off the whole lot is very unfair against those of us that play that game and are paying off our debts.

Lynne Thorius is an adult and not a child and however "strongly recommended" the PPI was, she still had the option not to take it out. It would have been billed along with everything else on each and every MONTHLY statement received, so she had plenty of chances to query it or cancel it.

They could have knocked off some of the PPI premiums, but not the whole lot. I think it sends the wrong message to consumers to write off such balances.

On the other hand MBNA and all the others should be forced into shaping up their act in terms of selling PPI and keeping proper records.

I think that Lynne Thorius should have her credit file updated to show that this debt was written off to make lenders think long and hard about giving her any money again in the future.