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COOP VISA card - is this PPI?
Teasedale
Posts: 45 Forumite
I just came across some old Cooperative Bank VISA statements from 1989 and they have a monthly debit labelled "CREDIT INSURANCE AT 0.450 PER 100". Is this PPI? If so, I will attempt to reclaim it.
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Comments
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It sounds about right, 45p per £100 of balance covered assuming it was a varied amount each month not a fixed one.
You can complain about it (not reclaim it) if you can provide details of why you think it was miss-soldSam 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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What was the cost/ how much were you charged on the various statements?0
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