Claim PPI?

dinky201

ok forced to have PPI about 12 years ago ( still got details of the agreement) about a year later tried to claim on it as got injury from work, they replyed I am not entitled ( think because I was part-time work at the the time).

loan was paid in full 4 and half years ago.

am i still entitled to PPI claim?

dunstonh

You can complain. time is not yet an issue.

dinky201

even if you tried to claim of it? and then refused cover?

McKneff

You wouldn't have been 'forced' you chose to sign for it.
No one would have been holding a gun to your head.

dinky201

even if you tried to claim of it? and then refused cover?

-taff

You are entitled to complain about it

http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

dinky201

you dont need a threat of violence to be forced to do something.

eg "banks purposely put up interest rates a higher rate then wages rates over last 15 years, so there is not enough money in circulation for the high prices, people only can turn to borrowing to try to survive"

amersall

If you were working part time and could not claim on the policy for this then this is one of the reasons you could use for mis sell.

When you could not claim on this PPI did the bank cancel it?, if they did and you did not get a reduction in the monthly payment for the loan, you would still have repaid the PPI until the day the loan was settled.

If they gave you a rebate of the PPI at cancellation, you would still have repaid the majority of this PPI.

Go on the link taff gave and make the claim.
If you need any more help then just ask.

dinky201

ok thanks amershall, yea was working part-time , and kept on paying the PPI all the way till the end.

they did not cancel it at all, monthly payments kept the same.

Insider101

dinky201 wrote: »

you dont need a threat of violence to be forced to do something.

eg "banks purposely put up interest rates a higher rate then wages rates over last 15 years, so there is not enough money in circulation for the high prices, people only can turn to borrowing to try to survive"

Where this falls down is that raising interest rates only impact people who have borrowing in the first place. If you had none it wouldn't matter. And borrowing rates are linked to savings rates. So whilst bad news for those in debt, increased rates would proportionately benefit savers.

As for the PPI if you were working under 16 hours per week at the time you took it out (not the time you tried to claim) you probably weren't eligible so by all means complain.

dinky201

Insider101 wrote: »

Where this falls down is that raising interest rates only impact people who have borrowing in the first place. If you had none it wouldn't matter. And borrowing rates are linked to savings rates. So whilst bad news for those in debt, increased rates would proportionately benefit savers.

As for the PPI if you were working under 16 hours per week at the time you took it out (not the time you tried to claim) you probably weren't eligible so by all means complain.

Look at price rises in houses, oil, food for past 15years compare to wage increase, put down consumer spending power so they will turn to debt. They want people and companys in debt. its a scam why do you think even the goverment is in debt?