Direct debit indemnity claim - is it the New PPI???

Buzby

Another reason NOT to trust a DD - and do remember the 'indemnity' part means you are agreeing to pay the bank's costs (indemnify) should the merchant jointly pursue them as well as you for the money owed.

JuicyJesus

Buzby wrote: »

Another reason NOT to trust a DD - and do remember the 'indemnity' part means you are agreeing to pay the bank's costs (indemnify) should the merchant jointly pursue them as well as you for the money owed.

I have never heard of someone being asked to pay the bank's costs for a Direct Debit indemnity claim, and you are talking absolute rubbish.

TheBanker

steve7777777 wrote: »

I do not remember receiving the increase letter as with work I am away a lot and move about.

It is probably a condition of your car insurance that you inform them if you move address. Not their fault if you've not received post.

The DD Indemnity is a bit of a red herring here. Yes you've got the money back but it doesn't cancel or void the original contract. They can persue this as a civil debt through the courts. Your credit rating will be ruined, you will incur additional costs and may well find people knocking at your door to collect payment.

Not to mention that your car insurance will be null and void.

meer53

"Bottom line, it is my choice to review or not review my bank account as it is my bank account but it is not their choice to decide what to charge me then do it as there is a level of trust with setting up a DD and I feel that trust has been broken by the company. "

I think you completely misunderstand the way direct debits work. It is ENTIRELY the choice of the insurer how much to charge you. No trust has been broken, YOU have made a mistake, not once, but twice for the same issue.

It is your responsibility to check the renewal they send you, if you disagree with the amount, feel free to change insurers.

roonaldo

steve7777777 wrote: »

What I didn’t agree to was the increase in the amount of the premium. I do not remember receiving the increase letter as with work I am away a lot and move about. Also I am sure they do not send it recorded delivery do they? So easily could have been lost in the post or sent to an incorrect address… They cannot prove I have received it.

.

So basically, you probably got it and probably didn't read it.. If they can prove they sent it, its more than likely you got it. They don't have to prove you received it. They may have also emailed it, depending on insurer.

after 14 days they cannot chase me for payment…

No the 14 days relates to the indemnity claim NOT the premiums owed. they can ask you to repay the premiums or your policy will lapse. Do you think you are going to get free insurance?

The DD indemnity is for if there is an error, not for if you are unhappy with your premiums.

You just need to be really careful as the insurer are likely to turn around and say the premiums collected are correct and hit you with a bill and no car insurance.

Angry_Cat

I see the crazies are out...

The money you have "reclaimed", is money you owe to each of the companies.

All the DDI does is recall the payment made. The total of each claim you make is still owed and will remain legally owed to each company for six years (not 14 days).

You have not reclaimed anything, all you have done and will do is create debts for yourself.

steve7777777 wrote: »

Firstly I knew the car insurance had rolled over as this is what I agreed at the very start of the plan.

What I didn’t agree to was the increase in the amount of the premium. I do not remember receiving the increase letter as with work I am away a lot and move about. Also I am sure they do not send it recorded delivery do they? So easily could have been lost in the post or sent to an incorrect address… They cannot prove I have received it.

Going off the direct debit promise I do not feel I was notified because I would have simply switched and gone for a better quote… If they had to get my signature the first time around then they should require my signature for any increases!!

Just wondering how you managed to tax your car each year.....

Put the fishing rod down slowly and back away.....

[Deleted User]

Angry_Cat wrote: »

The money you have "reclaimed", is money you owe to each of the companies.

Yes, I doubt the OP will return to the thread now he realises this...