Miss-sold...miss-lead ??

NeKo

It seems that half the UK population has been miss-sold. What does this really mean?

From most of what I have read on the forums people have either:

1. Not been given correct information about a product they have been asked to pay for.
2. Been told that it was necessary to purchase a product when it was NOT.
3. Been sold a product that they may already have.
4. Been made to pay for something extra without even knowing it (hidden extras).
5. Been sold a product that is not suitable for them.
6. Been sold a product that is not necessary.

"Miss-Sold". Is this the correct terminology for the above?

Does the above not fit the criteria of: Fraud, Conn, Deception, Theft, Robbery ?
Does the aforementioned not normally carry a jail sentence?
Does this "Miss-Sold" term mean the same as the above but worded to make it sound more polite?

If this is the case, we are all going to be MISS-LEAD (fobbed off, told lies, decieved, confused). by those people into thinking that we are NOT entitled to our money back and this is the main point for this post.

Most of these financial organisations are not very financially sound anyway and many have had to be bailed out by the Govenment with OUR money already. In the past years when they were ripping us all off (oops,,, miss-selling us products) they used their gains to award themselves nice bonuses.Will there be sufficient revenue available to cover the costs that have to be returned to miss-sold PPI claimants? I have my doubts and as the claims increase the reasons for not compensatring you will increase in proportion. Most have special teams to deal with this and they will be trained to fobb you off at the first instant I would guess. If this were not the case, they would not be taking the time limit of 8 weeks to settle claims. They would have predicted this and written the software to calculate all our refunds just like the softwaere they use when you called them asking for a loan. Has anyone ever experienced an 8 week wait to recieve details and terms of a loan (including the PPI which they automatically include in most cases whether you meet the criteria or not)?

And on a closing note.... All I can say is.... Please don't let these people fobb you off when you ask for your money back. It is YOUR money which you are rightfully entitled to and please remember this at all times!

There are a few that are flying under the radar at the moment and it would be good to see more cases going to the courts.

Perhaps this needs a door to door campaign to release the full potential of claimants. This must be a nightmare of a financial penalty for the elderly who may already struggle to pay their fuel and heating bills when the additional money could be better spent.

NeKo