Use forms Halifax sent me or MSE template?

Nasqueron

greedybankers wrote: »

That may be true but the mis-selling is at the point it is sold, at which time you don't have any statements, do you?

Essentially the allegation things were added without your consent is very weak because even if it was, logically the first statement you had that listed PPI you would immediately ring up and complain about it being on your statement as you didn't want it, so not knowing about it doesn't work as a miss-sale reason. As such, there is no reason for that route to be used by the card provider as they would quickly be found out and potentially fined much more than they'd ever get from PPI

Nasqueron

antuk123 wrote: »

Thank you all. I guess I will just have to fill in those tiresome forms and trust to luck. As to sick pay back in the 90s or 00s, as I was in permanent employment, I know I would have had my salary met whilst off, so a justification for not needing PPI.

It's not luck, it's just dealing with facts and evidence.


Permanent employment only works for the police, everyone else can be made redundant or the firm closes etc and for a private sector firm going under, you may end up with just basic redundancy money. Similarly, for credit cards and shorter loans, good sick pay like NHS 6 months full is a good reason, 1-2 weeks paid sick leave then SSP is not.

dunstonh

antuk123 wrote: »

Thank you all. I guess I will just have to fill in those tiresome forms and trust to luck. As to sick pay back in the 90s or 00s, as I was in permanent employment, I know I would have had my salary met whilst off, so a justification for not needing PPI.

The majority of public overestimate their sick pay. Most people are on statutory with lucky ones getting 2-3 months. Only the best get 6 to 12 months.

The average is 6 weeks. So, in that case, PPI would be justifiable and the fact you were full time employed means you were eligible.

You need to think up better reasons.

antuk123

I don't want to sound immodest but I checked with my old employer and I would have got 6 months. Let's see.

LABMAN

antuk123 wrote: »

I don't want to sound immodest but I checked with my old employer and I would have got 6 months. Let's see.

....as I would have too. Didn't stop them making me redundant though and my PPI paid out for my mortgage and some of my bills for two years. Was I missold then?

dunstonh

antuk123 wrote: »

I don't want to sound immodest but I checked with my old employer and I would have got 6 months. Let's see.

So, we know the FOS have been rejecting complaints on MPPI (note MPPI and not PPI) when its been 12 months sick pay. Yours is less. So, if yours ends up being reliant on that sole point (i.e. ignoring other reasons that may exist) then you would expect rejection on that point.

I re-emphasise that I am only referring to that particular point. You may have other reasons that succeed. The FOS uphold rate on MPPI is under 30% now.

greedybankers

dunstonh wrote: »

The average is 6 weeks. So, in that case, PPI would be justifiable and the fact you were full time employed means you were eligible.

Mine's all done and dusted so this is just out of curiosity: what's their thinking behind how much sick pay is sufficient then? 6 weeks means you could in theory cover one month's payment? Similarly I had a couple of grand savings at the time of sale and that wasn't considered enough. But my limit at the time was only £1000. So arguably I could, with my savings, not only have paid a monthly minimum but easily paid an entire balance?

Like I say, just curious. I got just shy of £1k from them for mis-sold PPI on a loan and unfair relationship on a CC. Money I never expected and I didn't make anything up! So I'm not complanining nor do I feel I've been 'dodgy'.

dunstonh

Mine's all done and dusted so this is just out of curiosity: what's their thinking behind how much sick pay is sufficient then?

Its a judgement call on the scenario. With short term unsecured debts, sick pay is more likely to be considered as a reason to uphold a complaint. Whereas with long term secured debts, it is less likely to be an issue. Hence why you see the FOS rejecting NHS workers, teachers etc with MPPI complaints.

Similarly I had a couple of grand savings at the time of sale and that wasn't considered enough.

12 months total expenditure is generally considered ballpark. So, £2k wouldnt be close to enough.

To give you some idea, the FOS recently did a complaint on an investment case where they felt the cash savings should have been around £20k as an emergency fund. Historically, figures of £5k to £10k have generally been the norm.

With short term debts, savings could get away with being lower than with a mortgage.

[Deleted User]

greedybankers wrote: »

But my limit at the time was only £1000. So arguably I could, with my savings, not only have paid a monthly minimum but easily paid an entire balance?

The discussion about savings was in relation to mortgage PPI which, of course, protects a far larger amount of money. However, the idea that you could have paid off your whole credit card balance from saving is not an indicator that the policy was mis-sold. The whole point of the insurance was so that if you became unemployed you wouldn't have to deplete your savings. That's why you only received a Plevin refund of commission from your credit card complaint. Basically, your PPI complaint failed.

greedybankers

I know it failed. I'm not disputing that, or anything else for that matter. Try reading my post properly