Barclays PPI Claim

lil_tiger

amersall wrote: »

I know this, but if i am correct (the op should confirm this) the ppi only lasts for 5 years but you still pay this over the term of the loan with interest, if op was offered the ppi as "cashback" at 5 years, they would not have been told that this would still be on the loan to term with interest, the person who sold this ppi would not have explained the full implications of this ppi, so the op would not have been able to make a informed decision when taking this. This is one of the worst types of mis sell of ppi and the fos dont look too kindly on this. If barclays were selling this ppi as their umbrella company FP did
then i will bet my life that they would have taken up to 70% commission for this product, so with that incentive, they would have told their sales people to "sell sell sell" what better way to misrepresent the true impact of this ppi to the consumer?. I know this as i have "been there done that, and bought the t shirt". That is why i think the op has a good case for mis sell.

please remember some people may have more insight into the PPI process than merely buying the tshirt:beer: ........I was just giving the OP more information into what Barclays may say