Companies who hide the ppi

willsandolly

Hi

Does anyone know of the names of banks who have been found guilty of hidden PPI charges within their loan agreements?

Thank you.

dunstonh

Does anyone know of the names of banks who have been found guilty of hidden PPI charges within their loan agreements?

None of them. It is not possible to hide it. That is a myth. Indeed, that isnt what the PPI issue is about. The problem wasnt that it was hidden. it was the way it was sold.

[Deleted User]

willsandolly wrote: »

Does anyone know of the names of banks who have been found guilty of hidden PPI charges within their loan agreements?

No Bank has been found guilty of hiding PPI charges. It's a myth fostered by claims companies that Banks routinely added PPI without the knowledge or permission of the customer. If you don't know you had it, you've either forgotten or (in the case of credit cards) you don't look at monthly statements.

brown1950

Moneyineptitude wrote: »

No Bank has been found guilty of hiding PPI charges. It's a myth fostered by claims companies that Banks routinely added PPI without the knowledge or permission of the customer. If you don't know you had it, you've either forgotten or (in the case of credit cards) you don't look at monthly statements.

Well Barclays (ie) Barclaycard certainly added PPI without my knowledge /or permission.and from other forums it's also been confirmed. So it's not a myth ! My claim of £24,000 has been part paid by Barclaycard and is now with the FOS for the balance.

[Deleted User]

brown1950 wrote: »

it's not a myth !

As usual, thanks for your contribution Brown1950..

Did you really pay all those thousands of £s and not see them on your monthly statements?

roonaldo

brown1950 wrote: »

Well Barclays (ie) Barclaycard certainly added PPI without my knowledge /or permission.and from other forums it's also been confirmed. So it's not a myth ! My claim of £24,000 has been part paid by Barclaycard and is now with the FOS for the balance.

credit card PPI appears on every single monthly statement, so hows that hidden? credit card is not a loan PPI which the post is about. Also no bank has been found guilty of any such thing.

dunstonh

brown1950 wrote: »

Well Barclays (ie) Barclaycard certainly added PPI without my knowledge /or permission.and from other forums it's also been confirmed. So it's not a myth ! My claim of £24,000 has been part paid by Barclaycard and is now with the FOS for the balance.

And none of that would have been hidden. A successful complaint does not suddenly mean it was hidden. As mentioned, Barclaycard document the PPI premium on the statement it is being paid on. Your conclusion that a successful complaint means it was hidden is flawed.

maggy50

My OH made a complaint to Barclaycard about PPI being added to his card two or three months after he had the card . He did not ask or agree with this and asked them to cancel it but they ignored his request. He then complained and Barclays denied he had PPI , even though he sent them copies of his statements with PPI added.
In the end he sent his complaint to the FOS and it was upheld.
The value of the PPI was not a great amount and still not been repaid as Barclays have totally ignored the FOS .
Oddly enough they have now given me the runaround after the same result but I will not give in until I get my redress which happens to be a sizable amount .

So I say if you know you paid PPI keep at it and complain . That is if you have a valid reason

brown1950

Moneyineptitude wrote: »

As usual, thanks for your contribution Brown1950..

Did you really pay all those thousands of £s and not see them on your monthly statements?

In answer to your question; Yes !

I was making the point that is was NOT a myth that Banks do not add
PPI without the knowledge of the cardholder. They certainly did in my case

meer53

brown1950 wrote: »

In answer to your question; Yes !

I was making the point that is was NOT a myth that Banks do not add
PPI without the knowledge of the cardholder. They certainly did in my case

So why didn't you cancel it ?

dunstonh

Moneyineptitude wrote: »

Because he clearly never bothered to check his statements!:eek:

Which is, of course, not the same as it being hidden.