Student PPI

dohadeer

If I was sold PPI on a bank loan I took out as a student, is this likely to have been mis-sold?

Would a student be likely to receive any help from insurance if they fell behind with payments? Or should I be looking to reclaim this?

Thanks

marshallka

Were you also working when you were studying? Often working is 16 hours and paying NI too to be eligible to claim?

magpiecottage

That doesn't sound like a complaint that will be easy to defend.

marshallka

magpiecottage wrote: »

That doesn't sound like a complaint that will be easy to defend.

If you are also working (some students work as well as study) then you are eligible to claim sometimes aren't you? If the OP was purely a student and did not work and pay NI then it was most definately missold.

iwantahome

If a student loses their part time employment they are still not classed as being unemployed, they are a student until they leave the course and sign on the dole.

Does that have any bearing on a claim for unemployment/sickness PPI? The fact that losing a job, therefore losing income would still not make a student unemployed.

Dubber_2

I'm interested in this one too, I had a Lloyds credit card with PPI sold to me whilst an unemployed student.

I complained a coupld of years ago and got a letter back statinbg that if I starting working subsequently then I would then have been covered and I was not entitled to a refund.

marshallka

Dubber wrote: »

I'm interested in this one too, I had a Lloyds credit card with PPI sold to me whilst an unemployed student.

I complained a coupld of years ago and got a letter back statinbg that if I starting working subsequently then I would then have been covered and I was not entitled to a refund.

Bull and complete tosh. You should have been eligible at point of sale and IF you later took a job you should have had a choice in getting insurance. (which is sensible). I would write back and ask that they review your original complaint.

marshallka

iwantahome wrote: »

If a student loses their part time employment they are still not classed as being unemployed, they are a student until they leave the course and sign on the dole.

Does that have any bearing on a claim for unemployment/sickness PPI? The fact that losing a job, therefore losing income would still not make a student unemployed.

Complicated, I would say that your own terms and conditions would tell you if you were eligible to make a claim on the PPI. Usually this is working over 16 hours (which can be classed as full time where benefits are concerned) and also paying NI.

mj12_2

Nationwide refunded my PPI they sold me when I was a student on the basis that as a student I would not have been covered :-) I worked part time at the time but to the policy it was irrelevant as it required i be in full time employment for at least 3 months before covering me. Check the wording of your policy, if yours is the same then I assume you would be just as eligible for a refund as i was.

iwantahome

marshallka wrote: »

which can be classed as full time where benefits are concerned

If a student loses their job they are not entitled to benefits unless they deregister off the course. People are very unlikely to give up a degree course for a few quid a week. But it appears that the government think a tiny student loan is enough to live off. I am glad that part of my life is over with now. (not the partying mind, I would quite like to live that part over again).

I have better reasons by which to complain, but have used the fact I was a student as one of my reasons, as if I were made unemployed from my job, I still would not have been classed as unemployed.

I was actually told that the PPI was a compulsory element to my loan. It does seem to be taking a long time for any decision to come through. Very frustrating.

marshallka

iwantahome wrote: »

If a student loses their job they are not entitled to benefits unless they deregister off the course. People are very unlikely to give up a degree course for a few quid a week. But it appears that the government think a tiny student loan is enough to live off. I am glad that part of my life is over with now. (not the partying mind, I would quite like to live that part over again).

I have better reasons by which to complain, but have used the fact I was a student as one of my reasons, as if I were made unemployed from my job, I still would not have been classed as unemployed.

I was actually told that the PPI was a compulsory element to my loan. It does seem to be taking a long time for any decision to come through. Very frustrating.

Yes, very complicated as to claim on insurance you have to have proof of signing on so really it is useless to any student studying over a certain number of hours. I think you are allowed (or used to be) to study for a few hours a week and still be available for work but not sure of the hours. I know that when people have posted about this in the past it seems that insurers use the argument you were working full time (16 hours or more) and you were eligible to claim. I see where you are coming from though. Terms and conditions of insurance are the best bet here to have your ammunition to fire when making your complaint. Often as well firms will ask for proof of paying no NI and ask for NI records too.