Possible PPI claim

money_maker_2

Seriously OP, what exactly have other posters done wrong to get such a childish response from you. You asked for advice and you got it. As people have said, get evidence for a mis-sale, not just moan that you had no knowledge about it. Have you not wondered where your money has been going? There's always a paper trail.

clear_as_mud

Brains64 wrote: »

In your haste to be so disagreeable which you sound like one of those people whom enjoys doing so:D, you've missed the point, we don't know for sure if the OP forgot or not, that's yet to be established for certain, the point is, was he made properly aware in the first place to then forget??, I'm not talking about ticking boxes and then forgetting, I'm talking about an explanation at point of sale, was there one??, if not then it's miselling, even if he was made aware to any half baked extent at the start was it followed by sufficient explanation in writing??, how many people got something in writing regarding PPI on their loans before the scandal??.

How can the OP prove there was no explanation at point of sale? Unless he went in with a tape recorder? Unlikely. He is the one accusing of wrong doing therefore the onus is on him to prove it.
At the point of signing the magic line/ticking the box saying you agree, he would have been issued with paper work explaining everything again. T&C's would have been sent to him in the post as well, when he received his cards. If they were not opened or classed as junk mail and binned then its his problem.

Honestly how can people pay for things and not realise it? If it appears on a statement as something ambiguous like 'Repayment Cover 78p' then wouldn't you expect any person with half a brain to investigate straight away and not carry on paying?

As for the 'confusing' opt in/opt out boxes, again who in their right mind just ticks a box optting in for something they don't understand?

Brains64

Stupid_Question wrote: »

Yes. If they don't have a copy of your original agreement then they are allowed to provide a reconstituted copy that provides the key financial information of the original.

Where is your copy?



No, the debt cannot be chased in court, they can still collect on it though, much in the way you can still collect on a statute barred debt.



Was this for a loan?



They have no reason to lie to you, they have nothing to gain from this. The money is already budgeted for paying redress on PPI complaints, it may be a lot of potential money to you but it's an insignificant amount to them.

Well even for rich banks I think it would be stretching things to say it's an "insignificant amount", it's a lot by any standards matey:shocked:, one of the factors effecting Barclay's recent problems of having to lay off staff is partially due to the amount that they have had to put to one side for PPI misselling as well as other kinds of mis-sold products, although banks have put this money aside for potential compensation payouts they sure as the grass is green will want to salvage some of it, so there's one reason for banks to lie for a start, however, if you don't want to take my word for it then have a look at this article and make of it as you will.

lippy1923

Brains64 wrote: »

Well even for rich banks I think it would be stretching things to say it's an "insignificant amount", it's a lot by any standards matey:shocked:, one of the factors effecting Barclay's recent problems of having to lay off staff is partially due to the amount that they have had to put to one side for PPI misselling as well as other kinds of mis-sold products, although banks have put this money aside for potential compensation payouts they sure as the grass is green will want to salvage some of it, so there's one reason for banks to lie for a start, however, if you don't want to take my word for it then have a look at this article and make of it as you will.

I wonder how many of these mis-sold claims that contribute to staff losing their jobs are fraudulent. Such a shame that its all a money grabbing scummy society we live in.

[Deleted User]

Brains64 wrote: »

Well even for rich banks I think it would be stretching things to say it's an "insignificant amount"

The poster you were replying to was referring to the amount of a single redress. While I agree it all mounts up (and has), most payments are indeed "insignificant amounts".

[Deleted User]

bigbangfan wrote: »

Someone I know just received a payment of £3,400 without PPI appearing on their statements so DEERRR right back at ya.........!

Really?
This wouldn't have been for a loan I take it?
PPI for credit cards appears (without exception) as a separate line on every monthly statement when the account has a balance. If it doesn't appear, you haven't got it.

bigbangfan wrote: »

Bless your heart.... I honestly never thought of checking my statements or asking my provider because they are sooooo honest. Could you be more patronising???

You're the one who wasted £10 on a SAR report which, by your own admission, revealed no PPI. I was just pointing out that you could have found this out for nothing. As others have said, there is no reason for the Bank to lie.

bigbangfan wrote: »

I did not forget anything being about sold PPI...... If I was sold PPI which.... I am now sure I was, ....it did not appear on any of my statements... and ...I did not know I was sold it.

There are so many contradictions in this statement that I'm not even going to comment.

Stupid_Question

Brains64 wrote: »

Well even for rich banks I think it would be stretching things to say it's an "insignificant amount", it's a lot by any standards matey:shocked:, one of the factors effecting Barclay's recent problems of having to lay off staff is partially due to the amount that they have had to put to one side for PPI misselling as well as other kinds of mis-sold products, although banks have put this money aside for potential compensation payouts they sure as the grass is green will want to salvage some of it, so there's one reason for banks to lie for a start, however, if you don't want to take my word for it then have a look at this article and make of it as you will.

I was referring to a single complaint. £12 billion is not an insignificant amount to me... it'd be nice if it was!!!

[Deleted User]

Stupid_Question wrote: »

I was referring to a single complaint.

See post#26.:p

magpiecottage

Brains64 wrote: »

PPI was nigh on thrown into the credit cards without people being asked, just maybe some sort of confusing 'opt out' tick box in small print or something

Yes but the OP said

bigbangfan wrote: »

The first page says to tick the box on page three if I require the insurance

So the evidence provided suggests it was an opt in and is consistent with my experience of Halifax.

So a generalised allegation will not stand up.

In addition, regardless of whether the amount was considered significant or not by the borrower, all statements on credit cards are itemised so there is no way premiums can be hidden - they will show up each month.

If they are not on the statements they never existed.

Anyway, I know I wouldn't have needed it because I work for the NHS and would have been paid for sickness.

That is not necessarily the case. The NHS pays six months' full pay followed by six months' half pay I believe. Also, by definition your earnings stop if you are made redundant.

But the evidence you have provided points to no cover ever existing.

lippy1923 wrote: »

I wonder how many of these mis-sold claims that contribute to staff losing their jobs are fraudulent. Such a shame that its all a money grabbing scummy society we live in.

Lloyds TSB, the owners of Halifax, reckon it is as much as 50%.

As a taxpayer, and thus an owner of Lloyds TSB, this is something that I find scandalous.

mickyb1980

after reading all the info on this site decided to go down the diy route on climeing back my ppi firstly i registered to experian on a 30 day free trail period after checking credit history phoned all companies involved i found out that i had ppi on 1 loan and 5 c/cards all from halifax who said they would send me all account details through the post what do i do when and if i receive all info from halifax does anyone think i have a case