Miss-sold PPI ???? HELP !!!

daiwilliams

Hi guys,

I really hope someone can help here!

Im not sure if anyone has already talked about this but I read the other day that banks were being fined for miss-selling PPI.

Now, I have already started the ball rolling for re-claiming the grossly unfair bank charges that have been put on me in the past few years. However, I would like to know if anyone has or if anyone knows what the procedures would be for perhaps reclaiming mis-sold PPI.

I really believe I was done over on this and as a result the PPI is a hefty sum to pay on top of the loan and if it was looked into probably had a big big impact on the charges I was paying due to the increased monthly payments on the loan if you get me?!?!?!

I really hope someone could advise me on this.

Thanks guys.

tom188

Somebody may correct me but I understood the misselling issue to involve people being sold policies they were not covered under, and not the amount they were being charged provided it was suitable cover.

regularsaver1

yes mis-selling is about the cover provided, ie, not being eligible for the insurance in first place - not about how much it costs!
remember costs appear on credit agreements

IoweIoweitsofftoworkIgo

daiwilliams wrote:

I really believe I was done over on this and as a result the PPI is a hefty sum to pay on top of the loan and if it was looked into probably had a big big impact on the charges I was paying due to the increased monthly payments on the loan if you get me?!?!?!


Thanks guys.

What makes you think you were 'done'? The cost, the cover provided or something else?

Dopey_Smudge

daiwilliams wrote:

Hi guys,

I really hope someone can help here!

Im not sure if anyone has already talked about this but I read the other day that banks were being fined for miss-selling PPI.

Now, I have already started the ball rolling for re-claiming the grossly unfair bank charges that have been put on me in the past few years. However, I would like to know if anyone has or if anyone knows what the procedures would be for perhaps reclaiming mis-sold PPI.

I really believe I was done over on this and as a result the PPI is a hefty sum to pay on top of the loan and if it was looked into probably had a big big impact on the charges I was paying due to the increased monthly payments on the loan if you get me?!?!?!

I really hope someone could advise me on this.

Thanks guys.

I too, have been shafted by a Bank regarding PPI cover. I've paid over £6,000 so far as was told I couldn't cancel it after 30 days because of BANK policy (even thou a local friend from an independent insurance company could do the same for 90% less than the Bank!!)

I've since been forced to join a Debt Management Agency because I couldn't afford the loan and the PPI, can't get a loan for 6 years and have a 0 credit rating (can't even rent a flamming new TV!!) My new husband and I earn enough to get a decent mortgage, but CAN'T because of this! We live in Jersey, in the Channel Islands, and can't get a IVA because in Jersey, if you have a local loan, they're not covered by UK law!

I'm at my wits end, but wish you luck in finding the answer!

Kind regards

Dopey Smudge