We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Was it mis-sold?

Options
Hellokittykat
Hellokittykat Posts: 5 Forumite
edited 24 May 2019 at 9:22AM in Reclaim PPI & other insurance
Good Morning!
I had PPI on a Credit Card around 18 Years ago. I had the card for 2-6 years. The initial credit limit was £600. I can't remember if it was ever increased. I have proof that I had PPI from a data request.
I was in good health and 18 years old at the time of taking out the card.
I cant find my employment contract but likely to be just Statutory redundancy only. I had been employed for 18 months.
Sick pay was at managers discretion, then SSP. I am waiting confirmation of this from my old manager, but even so he will not be able to provide me with an original contract, it will only be on say so.
I do recall there was a death in employment benefit but I have no way to prove this.
I have signed the box on the form, it appears the form was filled out by a member of staff.
The box is ticked "yes " for payment proctection with a very brief discription that my minimum payments will be met if I cant work due to sickness, accident or unemployemt. (there is NO asterix with see t&C's no full explaination)
I cannot recall being told that I could buy PPI from elsewhere or being told about comission

In 2003 I became self employed, IF I still had the card at that time I expect to onus was on myself to let the credit card company know my status.

Does this mean that wasn't mis sold?

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    You haven't given any reasons as to why it might have been mis sold.
  • k3lvc
    k3lvc Posts: 4,174 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I had PPI on a Credit Card around 18 Years ago. I had the card for 2-6 years. The initial credit limit was £600. I can't remember if it was ever increased. I have proof that I had PPI from a data request.

    There's clutching at straws and then there's this - how much are you talking about based on a £600 credit limit and how many people are you involving to prove your point ?

    In the words of Elsa 'let it go' :rotfl:
  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    k3lvc wrote: »
    There's clutching at straws and then there's this - how much are you talking about based on a £600 credit limit and how many people are you involving to prove your point ?

    In the words of Elsa 'let it go' :rotfl:

    Go easy - they know the deadline is months away and they just want to ring the cash register and see if anything comes out.

    I have successfully claimed PPI by just just telling them what they need to hear in order to get the claim upheld. We are talking 10's of thousands of pounds in debt for many years... I don't think you would of paid much PPI on a £600 credit card even if you had a constant debt of £600 so I doubt you will get much anyway.
  • Nasqueron
    Nasqueron Posts: 10,673 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Good Morning!
    I had PPI on a Credit Card around 18 Years ago. I had the card for 2-6 years. The initial credit limit was £600. I can't remember if it was ever increased. I have proof that I had PPI from a data request.
    I was in good health and 18 years old at the time of taking out the card.
    Indicating the PPI would cover you and was ok

    I cant find my employment contract but likely to be just Statutory redundancy only. I had been employed for 18 months.
    Sick pay was at managers discretion, then SSP. I am waiting confirmation of this from my old manager, but even so he will not be able to provide me with an original contract, it will only be on say so.
    Again indicates a need for the PPI, SSP and basic redundancy doesn't go far if you were off for an extended period and you need to be employed for 2 years to have any sort of guaranteed redundancy payout (also depends when that law came in and what was the law before)


    I do recall there was a death in employment benefit but I have no way to prove this.


    If you started the job at 16 I can't imagine you'd qualify for death in service but even if you did, that's not a miss-sale reason, you can hardly argue that your plan to cover your debts was to die.

    I have signed the box on the form, it appears the form was filled out by a member of staff.


    Perfectly common practice, you signed it so you were happy with it


    The box is ticked "yes " for payment proctection with a very brief discription that my minimum payments will be met if I cant work due to sickness, accident or unemployemt. (there is NO asterix with see t&C's no full explaination)


    You would have been given Ts & Cs to read if you wanted


    I cannot recall being told that I could buy PPI from elsewhere or being told about comission


    You don't get told by staff in Waitrose that you could buy cheaper at Aldi do you? The Plevin case won't apply as our card was not active in 2008


    In 2003 I became self employed, IF I still had the card at that time I expect to onus was on myself to let the credit card company know my status.

    Does this mean that wasn't mis sold?


    Correct


    Nothing you have said indicates any reason for miss-sale but that doesn't mean you won't get a refund. You might find for example on a low limit card and limited spending, given your PPI premiums would only be, at most, about £4.80 a month - PPI typically was around 80p per £100 of debt, so if you maxed out the card and never paid off more than the minimum that's all you'd pay, that the bank just auto pays to get rid of the case.

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.