Packaged bank accounts among most complained about financial products - but only 4% are upheld

Rich2808

Totally agree with the OP.

All these people claiming they didn't realise they were paying £10 or more a month to get much cheaper worldwide travel insurance and mobile phone insurance and car breakdown cover as part of a single package than they would do if they bought these separately direct. Often with other add ons included too like tablet cover or home emergency cover.

And then suggesting its unfair because they never claimed on this insurance so they want their monthly payments repaid with interest. Well I haven't claimed on my car insurance for a decade. Should I get my premiums repaid - of course not. I might have a car accident tomorrow.

Sorry just tired of seeing endless bailouts and compensation for the dumb. disingenuous and frankly in some cases the dishonest. Good to see only 4% of these cases succeeded - shame its not lower!

Thrugelmir

born_again said:

Thrugelmir said:

Perhaps MSE needs to return to it's roots and educate. Rather than generate click bait to enhance the amount of advertising revenue generated and bottom line profit for it's owners. A case of poacher turned gamekeeper.

Is there any media outlet that does not work on the "Click Bait" principle?

I'm as cynical as anyone. Public persona means little. People are great actors. That's not to say that some organisations do have a charitable objective other to maximise profits for their shareholders. 

[Deleted User]

Sandtree said:

Thrugelmir said:

Perhaps MSE needs to return to it's roots and educate. Rather than generate click bait to enhance the amount of advertising revenue generated and bottom line profit for it's owners. A case of poacher turned gamekeeper.

Is that where it started? Certainly it came to my knowledge via promoting the PPI miss-selling claims and promoting alternative PPI products... seems to have been searching for the next headline news ever since

MSE with Martin Lewis has been going for years, the domain was registered back in June 2002, the Way Back Machine site has a few snapshots from back then when he was just starting long before the PPI scandal

eskbanker

https://www.moneysavingexpert.com/site/about-the-site/ has the launch date and an interesting phrase about the ethos of encouraging action rather than providing balanced information:

Founder and Executive Chairman Martin Lewis created MoneySavingExpert in February 2003 for just £100. The site's ethical stance and consumer revenge approach have made it the UK's most popular money website...