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PPI reclaim - no loans or debts had?
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tor_green
Posts: 3 Newbie
PPI reclaim relevance if no loans or debts ever had?
About 3 years ago I looked at this and came to the conclusion that having never had a loan or been in debt, I was an irrelevant contender.
However with the deadline approaching thought I should take a look again.
I cannot locate a thread in the past 2 reclaiming posts that indicates my case, so thought best I ask here.
I have had bank fees charged, rented cars, taken travel insurance, transferred money abroad, over the period 1991- 2019 however aside from the Santander 123 account have always avoided banks that want to charge me for their right to play with my money.
Does the PPI reclaim scenario apply to foreign banks too, eg France 2007-2019 and Denmark 2016-2019?
Thank you for clarifying .
Best:A
About 3 years ago I looked at this and came to the conclusion that having never had a loan or been in debt, I was an irrelevant contender.
However with the deadline approaching thought I should take a look again.
I cannot locate a thread in the past 2 reclaiming posts that indicates my case, so thought best I ask here.
I have had bank fees charged, rented cars, taken travel insurance, transferred money abroad, over the period 1991- 2019 however aside from the Santander 123 account have always avoided banks that want to charge me for their right to play with my money.
Does the PPI reclaim scenario apply to foreign banks too, eg France 2007-2019 and Denmark 2016-2019?
Thank you for clarifying .
Best:A
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Comments
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PPI covers debt. If you have not had debt then there is no PPI to be taken out.
The PPI issue as an FCA thing and specific to the UK. Other country regulators will have different positions.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Generally speaking you would only normally have PPI on loans (including mortgages and car finance), credit cards and sometimes things like overdrafts. None of the products you mention would have had PPI
As dunstonh said, the PPI miss-selling issue is just for the UK, whatever the situation in other countries, it's not covered by the UK issueSam 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.
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