Martin criticises 'outrageous' PPI comments from Barclays boss - MSE News

dunstonh

Well that is the true definition of the pot calling the kettle black.

And as someone else said higher up, it doesn't mean the kettle isnt black.

Barclays did wrong. The FCA did wrong and many consumers are doing wrong. Does anyone come out of this smelling of roses?

antrobus

I sympathise with Barclays.

There are a number of threads here in MSEland that feature people fishing for the right lies to tell in any PPI complaint.

On the other hand, if Barclays et all hadn't rammed PPI down the nation's throat in the first place the opportunity would not have arisen.

hollie.weimeraner

antrobus wrote: »

I sympathise with Barclays.

There are a number of threads here in MSEland that feature people fishing for the right lies to tell in any PPI complaint.

On the other hand, if Barclays et all hadn't rammed PPI down the nation's throat in the first place the opportunity would not have arisen.

Yes some (possibly a lot) of people saw an opportunity to claim but let's not forget who started this ball rolling by taking the mickey out of their customers first.
I was in the armed forces, followed by the police and therefore had a guaranteed income even when long term sick, but that still didn't stop various banks trying to force me to take PPI out when I had loans. It was only because I was relatively savvy that I refused it every time.
The banks brought it on themselves by behaving in such a greedy manner.

Thrugelmir

hollie.weimeraner wrote: »

The banks brought it on themselves by behaving in such a greedy manner.

There is no magic money tree though. Other customers ultimately bare the cost of the claims.

michaels

Apple make a huge markup on each iPhone sold - surely everyone who has ever bought one has been mis-sold and deserves compensation.

[Deleted User]

michaels wrote: »

Apple make a huge markup on each iPhone sold - surely everyone who has ever bought one has been mis-sold and deserves compensation.

A very poor analogy I'm afraid.

dunstonh

Anyone that spends £1500 on an Iphone deserves compensation.... for being dropped on the head earlier in life.

-taff

Nah, they were probably young and naive when they bought their first one, and now they've only just realised what they've done, so they want to claim their money back....

Nasqueron

hollie.weimeraner wrote: »

Yes some (possibly a lot) of people saw an opportunity to claim but let's not forget who started this ball rolling by taking the mickey out of their customers first.
I was in the armed forces, followed by the police and therefore had a guaranteed income even when long term sick, but that still didn't stop various banks trying to force me to take PPI out when I had loans. It was only because I was relatively savvy that I refused it every time.
The banks brought it on themselves by behaving in such a greedy manner.

Thing is though, you refused it. You were offered it, you knew about it. All these people claiming they didn't know about it and such were all given the same sort of sales script and all of them took it then years later claim they weren't aware of it...

[Deleted User]

Nasqueron wrote: »

All these people claiming they didn't know about it and such were all given the same sort of sales script and all of them took it then years later claim they weren't aware of it...

Although this does seem to be a prevailing "reason" many people give for demanding a refund, it's the Claim Companies who take the majority of the blame for those type of complaints with their adverts proclaiming "You may not know you had it".
It's an "easy" complaint to make and, of course, no evidence is required to make such an allegation. Since the Banks never reveal why they have actually upheld a complaint, it's hardly surprising that word of mouth has spread the myths that PPI was "hidden in the interest" etc.

The other thing which swells the number of bogus "complaints" is the failure of many people to realise that they can simply ask if they had PPI and instead they skip straight to complaint.