PPI Cardif Pinnacle

durali

Did I read on this forum somewhere that a member was having trouble with this company ie involving the press or something dodgy. It was about a year ago when I first started looking into reclaiming ppi.



This insurance was taken out to cover a bank loan for a car.


It was taken out voluntarily as there was no explanations at the time regarding not needing this type of cover as your employer pays sick pay when you're absent from work.


The product was not sold by the bank it was searched for by myself using an online search engine (not sure which)


It was £5.35 per month for three years from 2005 to 2008.


Many thanks

[Deleted User]

There's no mis selling involved in your sale.

Only potentially some mis buying.

dunstonh

It was taken out voluntarily as there was no explanations at the time regarding not needing this type of cover as your employer pays sick pay when you're absent from work.

Whilst some PPI doesnt cover you if you have employer sick pay, the majority of PPI covering debts does.

The product was not sold by the bank it was searched for by myself using an online search engine (not sure which)

So, who missold it to you?

Bermonia

You actively sought out and purchased this policy online with no involvement from any sales people - so how can it be mis-sold?!

Very few policies would not pay out in addition to sick pay entitlement - if you considered your benefits to be substantial enough on their own why did you then seek out insurance?

durali

I took out the insurance as I thought you had to or it was a good idea to. Also as you could search and find the best products on search engines perhaps I naively thought it was good to do so.
Since then knowledge and information has informed me that not only was this not necessary but in fact should not have been sold at all.

[Deleted User]

That's not true.

It was very often a wise move and certainly nothing to suggest it should not have been sold.

Whether you were right to buy it is a separate matter.

-taff

If it had come in useful I doubt you'd be this worried about it.
However, the fact remains you cannot complain to anyone about this because you sought out the information, you decided what product was suitable, you bought the product. No one sold it ot you therefore there is no misselling.

dunstonh

I took out the insurance as I thought you had to or it was a good idea to. Also as you could search and find the best products on search engines perhaps I naively thought it was good to do so.

And you can still buy standalone PPI today. Nothing has changed.

The PPI issue is not about the product. it is about the way it was sold. Yours was not sold to you.

Since then knowledge and information has informed me that not only was this not necessary but in fact should not have been sold at all.

Your assumption is wrong there. Whoever has informed you of that was wrong.

durali

When I read the mse info it says 'if you have it' you are most likely to be able to claim.
Will Plevin apply?

Bermonia

Not sure you’re grasping this... you clearly didn’t have to have it or it would have been sold with your lending by your lender, as you sought this out on your own time you clearly took this off your own volition... in other words NO ONE SOLD YOU PPI, therefore there can be NO mos-selling.

Furthermore Plevin only applies to PPI taken out with lending as it relates to changes in consumer credit act, as yours was a stand alone policy Plevin will not apply.

-taff

durali wrote: »

When I read the mse info it says 'if you have it' you are most likely to be able to claim.
Will Plevin apply?

You canno complain to anyone about it, you are not 'due a refund' because YOU personally, bought it.
Plevin does not apply.