Ppi reclaim

Scarlett12

I had a knee operation in 2002- then had a graduate loan with barclays in 2004. I did tick the ppi box as I remember being worried that I may have problems with my knee in my new job as a PE teacher and I hadn't been at the school long enough for sick pay. Barclays have recently contacted me about possible mis selling of ppi. I didn't even remember the loan- that's very bad! Will I have a case?

amersall

Just put the truth on the form and send it back to Barclays, it is possible that you may not have been covered for the injury as this was a pre existing condition.

dunstonh

Barclays have recently contacted me about possible mis selling of ppi.

Many lenders are sending these out to allow them to active the three year timebar. It doesnt mean you have been mis-sold.

Will I have a case?

You havent given any grounds for complaint in your post. So, we can't say if you have or not.

Scarlett12

You are right- I haven't given much grounds for complaint as I don't really remember the exact details of my loan! The letter says that 'your purchase MAY have been affected by potential failings in our sales practices which MAY mean we have mis sold you PPI. Their records show that I purchased a PPI policy to protect the repayments on my loan in the event of accident, sickness, involuntary unemployment and death.

So, based on this- and the fact that I had major knee reconstruction a few years before I took out this loan- I feel that this wasn't the best choice?!

Scarlett12

dunstonh wrote: »

Many lenders are sending these out to allow them to active the three year timebar. It doesnt mean you have been mis-sold.

I know this- that's why I said 'possible mis-selling of PPI

You havent given any grounds for complaint in your post. So, we can't say if you have or not.

That's because I have no paperwork from this loan from 9 years ago??!!!

[Deleted User]

Scarlett12 wrote: »

So, based on this- and the fact that I had major knee reconstruction a few years before I took out this loan- I feel that this wasn't the best choice?!

That's not a valid complaint. If you made a bad choice then you mis-bought rather than were mis-sold.

Scarlett12 wrote: »

That's because I have no paperwork from this loan from 9 years ago??!!!

Even if you had such paperwork, this would be unlikely to provide you with any reasons for mis-sale.

As you make efforts to stress yourself, the Bank have written to you because you MAY have been mis-sold. Nothing you have said so far indicates that you were, however.

dunstonh

Scarlett12 wrote: »

You are right- I haven't given much grounds for complaint as I don't really remember the exact details of my loan! The letter says that 'your purchase MAY have been affected by potential failings in our sales practices which MAY mean we have mis sold you PPI. Their records show that I purchased a PPI policy to protect the repayments on my loan in the event of accident, sickness, involuntary unemployment and death.

So, based on this- and the fact that I had major knee reconstruction a few years before I took out this loan- I feel that this wasn't the best choice?!

The letter is purely for timebar purposes. What it says doesnt aid your complaint or indicate you have been mis-sold.

Whilst your knee reconstruction would have prevented any future claims related to your knee, it would not have prevented any other claims being made for unrelated illnesses.

It almost certainly wasnt the best choice but you chose to have it. If you go into Currys and pay £500 on a TV then you wont be getting the best choice. That doesnt make it mis-sold.

By all means, make your complaint. You may get lucky. However, based on what you have said so far (on the limited info we have) your complaint isnt strong.

Scarlett12

Moneyineptitude wrote: »

That's not a valid complaint. If you made a bad choice then you mis-bought rather than were mis-sold.

I will reword this- not a bad choice- a bad DECISION as being a teacher we get up to six months sick pay! So as soon as I know the dates of my loan- I can work out where I was in my life!


Even if you had such paperwork, this would be unlikely to provide you with any reasons for mis-sale.

As you make efforts to stress yourself, the Bank have written to you because you MAY have been mis-sold. Nothing you have said so far indicates that you were, however.

Wow- I know you are being honest and really not raising my hopes but I can't help but feel as though I may as well give up!

I just hope I get a bit of luck!

[Deleted User]

Scarlett12 wrote: »

I will reword this- not a bad choice- a bad DECISION as being a teacher we get up to six months sick pay! So as soon as I know the dates of my loan- I can work out where I was in my life!

Bad choice/bad decision; it's moot in these circumstances.

You are attempting to allege that the insurance was mis-sold to you, but everything you've said only indicates that it wasn't.

Go to the MSE advice article and look for valid complaint reasons which may apply to you:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Scarlett12

IF and I mean IF I had been in teaching for long enough to qualify for up to six months sick pay- then I wouldn't have needed PPI?!

dunstonh

Scarlett12 wrote: »

IF and I mean IF I had been in teaching for long enough to qualify for up to six months sick pay- then I wouldn't have needed PPI?!

Depends on the type of PPI. The FOS recently rejected a case where someone had 6 months full pay, 6 months half pay. However, that was on MPPI where the debt is much bigger and with larger consequences due to non payment as well as the term of the debt being much longer (the term of the debt being a key consideration by the adjudicator). On loan or credit card PPI, you would expect a complaint more likely to be upheld as its short term and of smaller value.