Can I claim?

lindsay_davies

I tried to claim back my PPI which I believe was mis-sold to me. I wrote to Payment Sheild and they replied stating that Payment Shield is not a lender and they do not have credit agreements with customers. They said they offer MPPI policies and for my reference their MPPI products are standalone policies and not linked to any credit agreement and that lump sum fees and interest charges do not apply to this policy. They stated that if I think it was mis-sold to me please refer to the broker who sold the policy in the first place! When I took out the mortgage I presumed it was all part of the mortgage. I am profoundly deaf and just signed all of the papers as my dad was also with me. Can I still claim?

McKneff

So it is MPPI and not PPI.

Mortgage protection is usually a good idea, it protects your payments for you mortgage if you are ill or anything happens to make you unable to pay it.

How would yu have paid it if you had lost your job and what makes you think yu have been miss sold.

lindsay_davies

McKneff wrote: »

So it is MPPI and not PPI.

Mortgage protection is usually a good idea, it protects your payments for you mortgage if you are ill or anything happens to make you unable to pay it.

How would yu have paid it if you had lost your job and what makes you think yu have been miss sold.

Thanks for the Grammar lesson.

dunstonh

I wrote to Payment Sheild and they replied stating that Payment Shield is not a lender and they do not have credit agreements with customers.

That is correct.

They said they offer MPPI policies and for my reference their MPPI products are standalone policies and not linked to any credit agreement and that lump sum fees and interest charges do not apply to this policy.

again correct.

They stated that if I think it was mis-sold to me please refer to the broker who sold the policy in the first place!

all correct again.

When I took out the mortgage I presumed it was all part of the mortgage. I am profoundly deaf and just signed all of the papers as my dad was also with me. Can I still claim?

You have given no grounds for complaint. Why do you think it was mis-sold?

lindsay_davies

McKneff wrote: »

So it is MPPI and not PPI.

Mortgage protection is usually a good idea, it protects your payments for you mortgage if you are ill or anything happens to make you unable to pay it.

How would yu have paid it if you had lost your job and what makes you think yu have been miss sold.

It's You not yu
It's Mis-sold not miss sold

dunstonh

It's Mis-sold not miss sold

Unless you are referring to the daughter of Mr Sold.

_Andy_

lindsay_davies wrote: »

It's You not yu
It's Mis-sold not miss sold

Grow up....

DevCoder

lindsay_davies wrote: »

Thanks for the Grammar lesson.

Actually McKneff was pointing out that its MPPI and not PPI which is a very important difference in mis-selling cases.

That's hardly grammar, it's making an important distinction.

-taff

You complained to the wrong people. You complain to whoever sold it, not who provides it.
If the broker sold it to you prior to 2004/5 your complaint is over anyway, as they weren't regulated.

It doesn't matter if you're deaf, you can read, as is obvious from the above, so you could have read all the information and come to the same conclusion, that you needed something to protect your mortgage, which is why you took the protection.


Again, nothing indicates it was missold. If you were single, with no dependants, then you didn't need life insurance, but anything else wouldn't have been a problem.

Why do you think it wasn't sold correctly?

McKneff

lindsay_davies wrote: »

Thanks for the Grammar lesson.

Krisdorey hit the nail on the head. You misunderstood and got all defensive.

You'll get no more help from me pet.

JC......

McKneff

Tail between the legs springs to mind....