Possible PPI claim

lippy1923

Brains64 wrote: »

It is shown on statements of course but ask yourself why did so many banks not actually use the term 'Payment Protection Insurance' on their statements but instead used a whole host of other terms like 'Guaranteed payment plans', 'Credit Protection Insurance'??, 'Repayment Cover' etc, I know variety is the spice of life and all that but blimey, the amount of names this PPI seems to have strangely acquired is taking it to a whole new level:rotfl:, bottom line, it was an attempt by banks to flipping hide it in statements, the clue is in the often dropping of 'Insurance', little wonder that a sizable amount just like the OP didn't realize what it was.

Its true that there are many different names that are used to discribe it, but it makes no difference at the end of the day, its still showing. If you don't know what its for then its your responsability to check.

Brains64

mickyb1980 wrote: »

you were pressured into taking out PPI;
it was not made clear that PPI was optional;
you were advised to take out PPI but it was not suitable for you;
you thought buying PPI was a condition, or would increase your chances, of obtaining a loan or other type of credit;
any significant exclusions were not explained, such as being self-employed or pre-existing medical conditions;
the policy was added to your loan without your knowledge;
it was not made clear that you would pay interest on the cost of PPI if it was added to the loan; and
it was not made clear that the PPI cover would end before the loan or credit was repaid. dunstonh these any good

That one could also cross over into the 'not being made aware of it at all' zone in some cases, I'll explain, if a bank rep was selling a credit card to a customer and the rep was possibly briefed or encouraged by their superiors in the bank back in those days before the scandal was brought to light that he or she didn't need to give the customer the option of taking the insurance or not there would be very little incentive for them to even bother verbally mentioning it at all, it would have been pointless from the reps point of view to so much as touch on it.

Stupid_Question

You castigate someone who has tried to help you for making a reasonable judgement on your circumstances then immediately make completely unfounded claims about them! What right do YOU have to do that?

Reading the small print of important agreements has nothing to do with having a life or not, its about personal responsibility, a quality seemingly missing in a lot of posters lives.

Thank you for not bothering to read the small print and being misled by the nasty salesman who made you sign up for this insurance you may or may not have had, your continued searching for a scapegoat for your own financial mismanagement keeps me in a well paid job where my reading and understanding of the small print enables me to have quite a good life! :P

lippy1923

You're not even sure if you had the product, so yes, to me you sound like you're not very clued up on your finances.... you should address this for your own sake.- ADVICE! Take it or leave it, I don't care either way.

You should read the small print/T&C's if you want a hassle free life. It doesn't take long to read/understand what you are buying - ADVICE.....

So now you're making assumptions about me? Not completely accurate either. Yes I worked in the banking industry when I left college a few years ago. No I wasn't sacked or made redundant, I left because I didn't enjoy it and was offered a new job in a completely different industry.

I think it was you who started the hostility towards others, by making sarcastic remarks and childish comments like "derr" when people are trying to give you information. If you don't like it, don't ask!

If you had the product, get some real arguments for your case, get evidence and don't let yourself get in this situation again.- Advice.

bigbangfan

You castigate someone who has tried to help you for making a reasonable judgement on your circumstances then immediately make completely unfounded claims about them! What right do YOU have to do that?

There was no help offered only condescension. Is it a reasonable judgement to call people scummy just because they are claiming back money that is rightfully theirs.

Thank you for not bothering to read the small print and being misled by the nasty salesman who made you sign up for this insurance you may or may not have had, your continued searching for a scapegoat for your own financial mismanagement

No one is searching for a scapegoat. The banks are not having to set aside £10billion because people didn't read the small print - or is this just one of their well known good will gestures!! lol

keeps me in a well paid job where my reading and understanding of the small print enables me to have quite a good life! :P

so how much PPI did you miss sell over the years?

lippy1923

O for goodness sake OP. I did not call you scummy, I called the fraudulent claimers scummy and money grabbing for claiming back money which is NOT rightfully theirs! Re-read the post.

Stupid_Question

There was no help offered only condescension. Is it a reasonable judgement to call people scummy just because they are claiming back money that is rightfully theirs.

Several people offered you advice on how you would know if you had PPI or not, the tone doesn't change the information.

It's only rightfully yours if you complain and it's upheld, it would appear you still don't know if you actually had it or not.

No one is searching for a scapegoat. The banks are not having to set aside £10billion because people didn't read the small print - or is this just one of their well known good will gestures!! lol

Yes they, and you are. It was entirely the banks fault that you didn't read and agree to what you may or may not have signed for was it?

so how much PPI did you miss sell over the years?

I've never sold a single financial product, my financial background is all complaints / compliance work.

[Deleted User]

Stupid_Question wrote: »

it would appear you still don't know if you actually had it or not.

This thread is just repeating that message to the OP over and over.

It has ceased to serve any useful purpose.

bigbangfan

If you are unsure you even had PPI how can you say its been mis-sold? What proof do you have to support your claim?

Its you who needs to re read my OP. I was merely querying documents the bank had sent me. Your knee jerk response to this was not advice and was uncalled for. Most PPI claims are made because people were unaware they had it so the "der" was completely warranted.

fraudulent claimers

According to Natalie Ceeney, chief ombudsman there were no fraudulent claims - this was just mud slinging by the banks, but I'm sure you think you are more knowledgeable about this than she is!



It's obvious that most posters on this forum are not here to give advice, just using the forum to pass judgement on others and express their own narrow minded, biased opinions that the banks have done nothing wrong.

If there are fraudulent PPI claimers, the more the better. Banks/Building societies have been screwing the general public over for years, its only right they are now getting a taste of their own medicine lol.

magpiecottage

bigbangfan wrote: »

According to Natalie Ceeney, chief ombudsman there were no fraudulent claims - this was just mud slinging by the banks, but I'm sure you think you are more knowledgeable about this than she is!

Let me quote from the House of Commons Treasury Select Committee's review of the Financial Ombudsman Service on 30 October 2012:

David Ruffley, MP for Bury St Edmunds: "are there any minimum financial qualifications or exams [adjudicators or ombudsmen] have to pass?"
Natalie Ceeney: "No."
Mr Ruffley: "No, there are not. Don’t you think
it would be a good idea?"
Natalie Ceeney: "No."
Mr Ruffley: "You do not think it is a good idea."

I think Mr Ruffley is somewhat disdainful of Ms Ceeney's judgement in such matters and, as far as I am aware, she has NO financial services or legal qualifications. So I think those who do have such qualifications can reasonably be supposed to know more than Ms Ceeney.

It's obvious that most posters on this forum are not here to give advice, just using the forum to pass judgement on others and express their own narrow minded, biased opinions that the banks have done nothing wrong.

I don't think so. Few of the professional posters here work for major financial institutions. We therefore have no particular axe to grind.

If there are fraudulent PPI claimers, the more the better.

That is incitement.

Banks/Building societies have been screwing the general public over for years, its only right they are now getting a taste of their own medicine lol.

That would suggest your complaint is nothing to do with whether the bank has wronged you personally but you are simply cross that they have wronged others. That would mean your complaint is merely vexatious.