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Barclay's bank has placed false loan accounts in place of originals, paid commission and 20% tax

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Comments

  • dunstonh
    dunstonh Posts: 119,913 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 11 May 2020 at 9:14PM
    Page 8 is coming soon. Anyone yet understand what is going on?

    edit: oh, it is now page 8
    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.
  • ph55
    ph55 Posts: 97 Forumite
    10 Posts First Anniversary
    Ok,  a large loan in 2006 with ppi on it, has been in affect removed and replaced by two bogus loan accounts within the dates if original loan,  I've been paid commission on them, instead of the ppi on original account.
    It's the difference of £300  or ppi of thousands, also it is illegal practice 
  • ph55
    ph55 Posts: 97 Forumite
    10 Posts First Anniversary
    I'm saying this on here so, people know what can go on in the background of banks,  not what you would expect, bank messing around with there customers  accounts.
  • ph55
    ph55 Posts: 97 Forumite
    10 Posts First Anniversary
    Just got the most important letter of all off my bank,  I've won my case. A big thank you to  Martin Lewis and the MSE  Team for all the help and advice 😀
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    edited 13 May 2020 at 7:15PM
    ph55 said:  I've won my case. 
    I'm certain no one here expected your eventual result to be reported any differently. 
    Thanks for keeping the thread updated so often. ;) 
  • ph55
    ph55 Posts: 97 Forumite
    10 Posts First Anniversary
    Ok, is there anyone who can help, I had a lot of loans over the years, so back in the day i took out a health care insurance with my bank, the main selling point was it would cover me if I was off work due to illness, so I agreed to take policy on. Ok  1. would I have taken this policy out had I known  that policy already running in the background?????  2.  Should the bank  have  sold this policy to me knowing  that ppi was already running in background, and also  offered same cover ?????
    This is my next complaint.   
  • societys_child
    societys_child Posts: 7,110 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Health care insurance is not PPI.

    Good luck anyway.
  • ph55
    ph55 Posts: 97 Forumite
    10 Posts First Anniversary
    I know,  but I'm thinking, I should get whole thing refunded as I did not need it, and bank  should not have sold it knowing that ppi was covering  for same ??? 
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 14 May 2020 at 2:00PM
    You don't say why you didn't need it and your PPI was not covering for same.  It was covering for different. 

    And if you didn't need it, why did you buy it? 

    And did you know you've used 13 question marks across just five sentences?  And only two of those sentences were actual questions.  Did you mis-buy a pack of punctuation? 
  • ph55
    ph55 Posts: 97 Forumite
    10 Posts First Anniversary
    All comments appreciated 
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