sainsbury "credit care silver" ppi?

boblita

Hi, I just wondered if anyone could help or give me any advice.
I took out a loan with sainsburys bank in 2004. I applied online, there was nothing about insurance on there as I recall. My application was accepted and confirmed by a phone conversation. I was working full tome for a tile company at the time the loan was taken out. I was told someone would come to my home with the agreement for me sign, at the time I thought it odd someone would.come to my address but as I needed the money didn't question it. A man in a suit came with his briefcase, confirmed how much is asked for, told me monthly payments but nothing about insurance was mentioned. I just wanted this stranger out and found it quite intimidating (not his manner or attitude just the fact there was a stranger in my home) and felt rushed into signing my agreement. I lost all my paperwork and also changed jobs months later so I ended up paying smaller amounts till I got a better paid job then paid back larger monthly installments. The loan was passed onto eos solutions, also called logic at one point. I paid them for a copy of my agreement and got statements. I still didn't read my agreement properly, i just wanted to pay off my loan. I paid the loan off in 2009, 2 years longer than I would have finished if I hadn't changed jobs. I was going through my old paper work last week to shred old stuff, when I came across the agreement. being older and wiser now, I read it and noticed.something called SAINSBURYS CREDIT CARE SILVER on there. My loan was £4000 and this creditcare was £714 and in a seperate section it says "You apply for the following additional insurance cover" which is.left blank with no amount in it as I know I.wouldn't have asked for ppi. When I phoned sainsburys to ask what this credit care was, they referred me to a number which untill I phoned didn't realise was a ppi helpline. Does this scream out guilt to anyone else? Is it normal for someone to come to your house to sign things? As I do believe if id been sent the paperwork I could have read it thoroughly without feeling rushed. I have put in a claim but am I likely to have any luck as I fell behind with monthly payments? Sorry to go on but just thought the more I've written down, the more info I would get back.
Thanks for reading
Boblita

DCFC79

Is a bit odd how someone came to your home for the papers to be signed, thought it would have come by post.

Tixy

There is a seperate section relating to PPI reclaims - you would be better posting any query you have on there -
Reclaim PPI & Other Insurance and there is also a guide on reclaiming PPI which will help you answer whether you are likely to have a case.

Sounds like there is a reasonable chance your claim would be accepted given that you were self-employed at the time and that the paperwork does not appear to be correctly completed.

Having had arrears on a loan does not affect whether the PPI was missold.

opinions4u

DCFC79 wrote: »

Is a bit odd how someone came to your home for the papers to be signed, thought it would have come by post.

Bank of Scotland, Halifax and Sainsburys (half owned by HBOS) used to have an option for a courier to deliver the documents to your doorstep, get your signature and ride away with your agreement.

£35-£70 additional fee for such excitement.

boblita

I had to pay for my cheque to be delivered which was £40 but I never got given an option to have the paperwork posted.

DCFC79

opinions4u wrote: »

Bank of Scotland, Halifax and Sainsburys (half owned by HBOS) used to have an option for a courier to deliver the documents to your doorstep, get your signature and ride away with your agreement.

£35-£70 additional fee for such excitement.

Thanks, seems not as odd as i thought, you learn something new everyday dont you.