LloydsTsb PPi Grabbing

dunstonh

how many self employed people were sold PPI? I'm one, are you aware if you're self employed you dont qualify and if they sell it to you, you cant claim.

Actually most PPI does cover the self employed and to a suitable level. A significant minority does not. Where it does, there is no complaint to answer. Where it doesnt, there is.

they say they intend to take it off the capital of my loan! Legally they can do this I am told but my point is, that money should not be in their hands in the first place

It is logical for them to use it against the debt as that was where it was added in the first place. However, most will pay out by cheque or direct to bank account unless you are in arrears, have defaults or amounts written off. In those cases, it is logical for it to go against the debt.

And why is it being called Mis selling? If you or I had done that, especially on that scale we'd be in jail for obtaining money by deception or fraud, both of which are criminal offences under uk law.

You need to be careful making allegations of fraud. If you make allegations without evidence you can be brought up on charges yourself. Also, the PPI issue is largely an FSA one rather than a legal one.

I have every intention of putting this to the DPP, I have already spoken to the FCA.

FCA guidelines are not law. So, the DPP wont be interested. Plus, you need to be very careful encouraging the PPI issue to be dealt with under law. Over half the complaints providers receive nowadays are fraudulent on your basis. Yet the people making them get away with it. If you want one side to be viewed under law then both sides need to be.

Correct as per government rules, not morally correct as it's the same as firstly taking money they're not entitled to then forcing you to spend that particular money (which legally shouldn't be in their possession) with them.

Morally and common sense would be that ALL ppi refunds are returned to the debt. Not just those with arrears and defaults. However, that is not the case.

Martin_Willmott

I stand by my point, if they were NOT entitled to that money in the first place it should NOT be in their possession.

Martin_Willmott

societys_child wrote: »

They are returning it to you by reducing the amount you owe them . . .

but that's not the loan agreement, the loan agreement states certain amounts over a certain period, that's what was agreed

dunstonh

Martin_Willmott wrote: »

I stand by my point, if they were NOT entitled to that money in the first place it should NOT be in their possession.

It is not on their possession.

Martin_Willmott

They have it so it is in their possession!

Martin_Willmott

Blimey, it's worse than trying to reason with the bank! is that the purpose of this forum, wait for a post then try to find any way right or wrong to pick holes and discredit it! Wont bother in future!

dunstonh

Martin_Willmott wrote: »

They have it so it is in their possession!

And how much of their money do you have?

Blimey, it's worse than trying to reason with the bank! is that the purpose of this forum, wait for a post then try to find any way right or wrong to pick holes and discredit it! Wont bother in future!

The website is about consumer protection etc but that doesn't mean you can post pointless and illogical statements and expect everyone to agree with you.

m_pochec

Moneyineptitude wrote: »

PPI mis-selling is not a legal issue.

Then why tell someone sarcastically ..." that's a very serious allegation, you need to take to the police" for gods sake please..... This forum is supposed to offer a welcoming, helpful response and approach to people and to NEWBIES...who are clearly frustrated with the banks over the PPI scandal..all your doing is adding to that frustration and anger. How is that helping? Why can't some of you simply respond in a way that thankfully someone eventually had the decency to do....It may not have been the answer the OP wanted to hear but nether the less "right" or "wrong" the answer given by Antrobus was the correct and appropriate response to the OP.
YES the banks can offset redress against existing debt and NO its not a legal matter unfortunately.... SIMPLE ! You need to give your head a wobble as this forum is quickly developing a reputation for negative reasons and I'm pretty sure they are not the reasons the forum was started by the MSE.

m_pochec

[QUOTE=dunstonh;



You need to be careful making allegations of fraud. If you make allegations without evidence you can be brought up on charges yourself. Also, the PPI issue is largely an FSA one rather than a legal one.



FCA guidelines are not law. So, the DPP wont be interested. Plus, you need to be very careful encouraging the PPI issue to be dealt with under law. Over half the complaints providers receive nowadays are fraudulent on your basis. Yet the people making them get away with it. If you want one side to be viewed under law then both sides need to be.


I would actually welcome this to happen and the law expose the banks/ businesses and fraudulent complaintiffs at the same time.

I have blatantly put in writing to the banks myself that they have committed fraud and I really don't care nor am I worried in my allegation. Only non genuine allegations should be careful or worried when making these kind of accusations and I dare any of my banks to
to take me to court on the allegations I have made clear to them regarding fraud on my accounts. Most upheld but a court case in the lawfulness of their conduct wouldn't bother me in the slightest ! Like I said I'd welcome it .

sava05

Taff, and the two other famous expert, have you ever mis-sold PPI and won. I would like to here about that. If you got PPI it is mostly likely mis-sold anyway. If not why do Banks got massive fines and have to repay all the people who had them. I won my PPI claim for a credit card from years ago but I did not have to prove anything it was up to the Banks and now the FOS found in my favour after twice being rejected by the same Bank. Put a claim in you people and stop asking these famous trio for there opinion. They are not legal experts. I take FOS WORD OVER ANY OF YOUR LOT.