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Vanquis payment protection
Just to clarify, is the payment protection option classed as PPI with vanquish?
I see that they say its not classed as PPI - if it is what is the argument?
cheers
MWAUGH1983
Comments
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MWAUGH1983 wrote: »Hi,
Just to clarify, is the payment protection option classed as PPI with vanquish?
I see that they say its not classed as PPI - if it is what is the argument?
cheers
MWAUGH1983
Because it's not an insurance contract. I believe that's the argument. You're not paying for insurance, you are paying Vanquis for the option to be able to do things such as take a payment holiday, and freeze interest on the account.0 -
Would medical conditions make this invalid?0
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MWAUGH1983 wrote: »Would medical conditions make this invalid?
What do the terms and conditions say?Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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I haven't been able to get my hands on the T&C. I am looking at contacting them.0
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The terms and conditions of the Repayment Option Plan are on the website, unsurprisingly under the heading Card Terms and Conditions.0
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That doesn't seem to have anything on repayment plan when I looked the other day.0
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http://www.vanquis.co.uk/credit-cards/terms-and-conditions
You can search there (typically Ctrl + F) as they cover payment break etc. Alternatively you could just ring them up and ask them.
If you took it out, did you opt in? Did you discuss medical conditions at the time with a staff member or did you just tick a box online/agree to it on the phone?Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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