Forum Home » Reclaim PPI & Other Insurance

MSE News: FSA orders banks not to mislead over PPI compensation

New Post Advanced Search

Coronavirus: The latest from MSE


The MSE team is working extremely hard to keep the info we have about your travel rights, cancellation rights, sick pay (and more) up to date.
The official MSE guides: UPDATED MSE Coronavirus Guides

NEWSFLASH


New, free ‘Academoney’ course from MSE and the Open University launches
All the key areas of personal finance are covered, so that you can master your money decisions


MSE News: FSA orders banks not to mislead over PPI compensation

edited 30 November -1 at 1:00AM in Reclaim PPI & Other Insurance
5 replies 3.4K views
Former_MSE_HelenFormer_MSE_Helen
2.4K posts
edited 30 November -1 at 1:00AM in Reclaim PPI & Other Insurance
This is the discussion thread for the following MSE News Story:

"Lenders have been ordered to ensure their letters offering PPI redress are clear, to prevent them misleading victims ..."

Replies

  • magpiecottagemagpiecottage PPR
    9.2K posts
    ✭✭✭✭
    When will we start calling it Fraud

    How about the day we start calling false complaints fraud?

    It works both ways - there can be, and is, miscomplaining as well as misselling and both are economically damaging.
  • dunstonhdunstonh Forumite
    101.1K posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    ✭✭✭✭✭✭
    Yes there it was - something about 'miscomplaining' - now there's a thought ... 'I'm sorry but many of you haven't complained correctly and I shall therefore report you all for economically damaging my financial services firm.'

    Its not that they will report you. They can go after you for damages and costs. Banks are unlikely but small firms may well do.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • dunstonhdunstonh Forumite
    101.1K posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    ✭✭✭✭✭✭
    When are you industry players going to man up and start taking some personal responsibility for the state of the persisting general cultures within the industry that got you where you sit today?

    When are you going to realise that everyone in the "industry" is not the same.

    Start acting as your name suggests you should.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • I have been following the PPI thread for a while now, and in my own humble opinion, I have found the contributions by Dunstonh and Magpiecottage to be helpful, balanced and grounded. Personally, I'm grateful for their posts.
  • jobdone1jobdone1 Forumite
    745 posts
    Eighth Anniversary 500 Posts Combo Breaker
    ✭✭
    Please can some one advise back in 2001 i took a loan out with hsbc with ppi that i did not need. i lost my job in 2003 i was denied a claim so had to pass loan over to metropolitan collection service who helped me clear the loan which final payment was 2007. Hsbc passed the whole debt over to the collection service and ppi. I do not have the original loan agreement but i do have the quote and proof that i was paying off debt to hsbc. I HAVE MADE A CLAIM VIA A PPI SPECIALIST but hsbc closed the case as they claim they can find no account with a loan evidence was provided with my bank account number and the payments i was making to collection services for them .In November 2012 hsbc closed the claim and said as i have said above. Can some advise if i have anyway of getting my ppi back many thanks
Sign In or Register to comment.

Quick links

Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support