First Direct PPI HELP

Deano97

doing OK with claims upheld by Barclays, egg and northern rock.
as a self employed person I feel a little stupid for not reading the small print but that's life.
Im now on to my bank PPI on a loan they said I should have checked the covers suitability, I didn't and they have declined my kind offer to relieve them of some cash so have thrown it into the long grass (the Ombudsman)
On a visa credit card opened in 1998 with my current account the same applied ie PPI however they are saying again I should have checked my suitability. I was sold as Visa Cardholder Repayment protector. Is this a relevant point as I had already ticked my employments status as self employed.?






Added to that they suggest I could have claimed unemployment by registering with the inland revenue. I am assuming the requirement here would have been to liquidate my business?











If anyone has any suggestions or experience how the selling or acceptance of a PPI insurance to the self employed can have been anything other than misspelling I would love to hear.

societys_child

Added to that they suggest I could have claimed unemployment by registering with the inland revenue. I am assuming the requirement here would have been to liquidate my business?

If anyone has any suggestions or experience how the selling or acceptance of a PPI insurance to the self employed can have been anything other than misspelling I would love to hear.

Yes, had your business failed, they say it covered you for unemployment. So it appears, they don't agree any misselling (or misspelling) on that point.

Deano97

Looking at the ombudsman website it would appear that it is more difficult for a self employed person to make a claim their business has to cease trading and permanently qualify for unemployment cover - which is very different from temporary unemployment
From the FO site
Having considered the evidence, we concluded that the terms of Mr J's policy - in relation to self-employment - amounted to a significant and onerous restriction, and that the loan provider should have brought them to his attention. We also pointed out that the policy had been recommended to Mr J - and that it was the loan provider's obligation to ensure that it was suitable for him.
So he should not have needed to wade through the small print of his policy documents himself to check that it was suitable. In light of the evidence, we took the view that had Mr J been made aware of the implications of the policy, it is unlikely he would have taken it out.

magpiecottage

You may have a fairly strong case if the policy was sold to you or you had to tick a box to opt out.

On the other hand, if you applied without the involvement of an adviser and simply ticked the box on autopilot you might find it more difficult.

Deano97

Success! The ombudsman ruled in my favour and First Direct made an offer (without admitting liability and I received just over 6000.