debenhams card ppi claim

flyinghorse007

I'm filling out my Santander ppi claim form, and it ask for details of your recollections of when you took out ppi. I can only remember the sales lady (back in 1994!) asking did I want to be able to claim money back on my original purchases if they came down in price in the sale. Would this be classed as knowledge of ppi? Also I was self employed at the time and I'm hoping this might be in my favour. Any advise would be greatly appreciated.

[Deleted User]

Just out the truth of what you remember.

Nasqueron

PPI doesn't have any effect on sales purchases or returns


Self-employed only a factor if the PPI didn't cover you or had onerous conditions (such as having to close your business to claim)

flyinghorse007

Thank you ZX81and Nasqueron. This is my only recollection of that time. Thanks for your imput.

Placida

flyinghorse007 wrote: »

I'm filling out my Santander ppi claim form, and it ask for details of your recollections of when you took out ppi. I can only remember the sales lady (back in 1994!) asking did I want to be able to claim money back on my original purchases if they came down in price in the sale. Would this be classed as knowledge of ppi?

There was a bundled insurance package known as 'Account Cover' sold with GE store cards. You may have been sold this.
This included:
(a) payment protection insurance: which would pay off a percentage of the store card debt on a monthly basis in the event of unemployment resulting from sickness, accident or redundancy;
(b) purchase protection: which insured items bought with the store card against loss or accidental damage;
(c) price protection: which insured the customer against the risk that items purchased might be reduced in price within a set period after purchase; and
(d) life cover: which would pay off the balance of the card in the event of the insured's death.

flyinghorse007 wrote: »

Also I was self employed at the time and I'm hoping this might be in my favour. Any advise would be greatly appreciated.

FOS decision-PPI policy taken out with a store card in 1994
“Mrs H has told us at the time she bought the policy she was self-employed. I think this is important – as looking at the terms of the PPI – I can see that in order to make a successful claim, a person who was self-employed would need to have stopped trading and be in the process of winding up or had wound up the business. I think it would have been more difficult for Mrs H to make a claim for unemployment than she would have expected. I think the terms for self-employed people were limiting. And I think this limitation was significant enough that FICL should have highlighted it to Mrs H – I’ve seen nothing to suggest it did.”

https://www.ombudsman-decisions.org.uk/viewPDF.aspx?FileID=175778
Hope that helps.

Nasqueron

^ sounds like the good argument to make then, that the policy was unsuitable