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Lenders to repay £149m after paperwork blunders discovered

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Comments

  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    mummybear35 wrote: »
    news that someone already received 14k compensation over this paperwork blunder
    As this "news" is completely uncorroborated, and comes from a user who has made one post and never returned to the forum, I wouldn't be counting any chickens….
  • mummybear35
    mummybear35 Posts: 5 Forumite
    Thanks a mill, I understand
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
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    mummybear35 wrote: »
    Thanks a mill
    You definitely won't be getting a £million:D
  • wilf55
    wilf55 Posts: 3,102 Forumite
    does the same apply for store cards, mortgages, etc??
    Save 12k in 2015 member 187. £62.50/6000
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
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    wilf55 wrote: »
    does the same apply for store cards, mortgages, etc??
    Nothing applies at all unless you receive a letter from your Bank.
  • maggy50
    maggy50 Posts: 783 Forumite
    Ninth Anniversary 500 Posts Combo Breaker
    Personally I was hoping it was the end of the bankers misdemeanor fest but if true its here we go again !!!
    Redress for PPI and CPP is likely to go on for years in some cases its a never ending minefield :mad:
    Light travels faster than sound.

    This is why some people seem as bright until you hear them.
  • dunstonh
    dunstonh Posts: 120,207 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    does the same apply for store cards, mortgages, etc??

    Mortgages do not fall under the consumer credit act.
    Personally I was hoping it was the end of the bankers misdemeanor fest but if true its here we go again !!!

    This is not misdemeanor. This is consumers getting lucky on a loophole.
    Redress for PPI and CPP is likely to go on for years in some cases its a never ending minefield

    We are already entering the final stages for most. In three years time, most of this will be over.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    maggy50 wrote: »
    Redress for PPI and CPP is likely to go on for years
    It's coming to a close even now..
  • maggy50
    maggy50 Posts: 783 Forumite
    Ninth Anniversary 500 Posts Combo Breaker
    Moneyineptitude wrote: »
    It's coming to a close even now..

    I do hope so :j
    Light travels faster than sound.

    This is why some people seem as bright until you hear them.
  • maggy50
    maggy50 Posts: 783 Forumite
    Ninth Anniversary 500 Posts Combo Breaker
    dunstonh wrote: »
    Mortgages do not fall under the consumer credit act.



    This is not misdemeanor. This is consumers getting lucky on a loophole.



    We are already entering the final stages for most. In three years time, most of this will be over.

    Will look forward to an end if you are so sure ?
    Light travels faster than sound.

    This is why some people seem as bright until you hear them.
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