Tituscanbee

Tituscanbee

Hi,
In October 2007 I was sold an ASDA (Santander) credit card by a saleswoman in going round an Asda store car park. Upon examining the agreement paperwork today it states " Purchase protection is free of charge on my account". Now we all know nothing is free, so I assume that a percentage of the interest they charge is for PPI. Could anyone advise me please if I may have a valid claim.
Thanks, Titus.

Partridge89

Purchase protection and PPI aren't the same, also PPI being somehow hidden in the interest is a bit of a myth.
In any event, your paperwork should explicitly state PPI was included.

-taff

PPI is a separate transaction, it is NEVER included in the interest.....if you don't have a spearate transaction charge besides your monthyl interest, you haven't got it.

dunstonh

so I assume that a percentage of the interest they charge is for PPI.

No its not.

Could anyone advise me please if I may have a valid claim.

No you dont.

Purchase protection is different to PPI. Also PPi cannot be hidden. That is a claims company myth. If you had PPI it would appear as a debit transaction on your statement (as it increases your balance). It cannot be hidden or built into interest.