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'PPI Twitter clinic questions and answers' blog discussion

This is the discussion to link on the back of Martin's blog. Please read the blog first, as this discussion follows it.




Please click 'post reply' to discuss below.
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Replies

  • JuicyJesusJuicyJesus Forumite
    3.8K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    Forumite
    It does reassure me that Martin is actively responding to people that they must have actually been missold to "reclaim" (hate that word, it implies something is your right - you don't have a right to bank charges or whatever back). Seems like a lot of people now posting on the PPI board think that because of the ruling, if they took out Payment Protection Insurance at all, even if they opted in themselves through a web form, they can try and get their money back. The actual article on the main site seems to be more along the lines of "Have you got PPI? Then you've got a big chance of a massive payout..."

    The number of try-it-on complaints is gonna skyrocket...
    urs sinserly,
    ~~joosy jeezus~~
  • mehermeher PPR
    15.9K Posts
    10,000 Posts Combo Breaker
    That's fantastic.
  • Can anyone help, I claimed for the misselling of PPI against my Mortgage company and it went to the Ombudsman before the ruling and it was turned down, even though I was fully aware as to why I had to have PPI. Now the new court ruling has opened up the floodgates, I ma guessing I have still missed the boat with this one - or would I still have a chance to reclaim?

    Thank you in advance
  • Hi, I took an endowment mortgage 22 years ago and was told that was the only mortgage we could have and we would have approximately £5000 at the end of the term. I took a policy with Alba Life/Britannia paying a monthly payment which was set up for us (this would what I was told would pay off the mortgage after 25years). A few years ago (more than 6 years) I had a letter saying that there was going to be approximately £2500 shortfall on my mortgage then a year or so later I had another saying the short fall had increased to £6000 and £8000 so I would need to transfer my mortgage or set up an ISA account to ensure I had the short fall at the end of 25 years. When I complained to the Alliance and Leicester about this they told me that this was the right mortgage for me at the time due to my earnings and there is nothing else I can do only to change my mortgage or make sure I have the money to cover the short fall at the end of term. I decided to switch companies and have a part endowment and part repayment mortgage then changed to a full repayment mortgage. As this was done before the 6 years is there anything I can do as I do feel I was mis-sold the original mortgage and was not informed of any other products at the time (I was 17 and very young so the advice I was provided was the best advice but obviously not). Please help - Is there anything I can do or do I have to just accept their answer when they said it was the best product for me due to the wages I was on at the time.
  • I have a joint bank account with my hubby and we are paying overdraft protection each month. As I am the second name on the account and I have come out of work due to illness they have stated that I am unable to claim as I am not the first named person on the account. This was not explained at the time that only my husband can claim why be advised to take out such a protection if we both I can not claim. IS this right what they are saying
  • hi have been missold a ppi by barclays due 3k back in compensation. have been waiting since 4th october for cheque was told by barclays we should have it within two weeks of this letter but still waiting. is ther a time limit that we have to have received it by ?
  • i have been missold a ppi by barclays and am waiting for a 3k cheque since 4th october. was originally told by barclays that we would receive cheque within 2 weeks but are still waiting. is there a particular length of time we should be waiting to receive the cheque ?
  • nickylou wrote: »
    I have a joint bank account with my hubby and we are paying overdraft protection each month. As I am the second name on the account and I have come out of work due to illness they have stated that I am unable to claim as I am not the first named person on the account. This was not explained at the time that only my husband can claim why be advised to take out such a protection if we both I can not claim. IS this right what they are saying

    I work for a PPI reclaiming company so I can try to help! Unfortunately this is technically right, only the first named person is covered on the loan. So the info is right, it's just that they should have made you aware of this, and thats the case of misselling right there!
  • In 2002, I took out a personal loan with HSBC to start my own business, I was also sold ppi. Even though I was employed at the time I took out the loan, this loan was to help me go self employed. Do I have a misselling case as the bank manager knew I would only be employed for another 2 months and then self employed, which would make the ppi useless.
    Cheers chesterxiii. :)
  • i've been offered a refund by the bank, how can i check that it is the right amount and they are not trying to fobb me off with a lower offer.thanks
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