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Mis-sold PPI Pre-2005
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John_Shakos
Posts: 1 Newbie
Is it correct the likes of VW can duck out of refunding mis-sold PPI when the agreement commenced pre-2005? This is the response I have received from VW and Financial Ombudsman.
Any help would be very much appreciated.
Any help would be very much appreciated.
0
Comments
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Is it correct the likes of VW can duck out of refunding mis-sold PPI when the agreement commenced pre-2005?
Insurance regulation started in January 2005. Virtually all car dealers were unregulated prior to Jan 2005. So, you would expect a rejection on the basis of it being pre-regulation. The FOS cannot look at unregulated sales.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.0 -
Yes if the business wasn't regulated prior to 2005 they don't have to consider your complaint.
By VW I assume you the mean the VW dealer.0
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