payment protection insurance insider secrets

Scousebird_2

As long as you are treated fairly and the processes are explained clearly and transparently then you have nothing to worry about. As another poster has said, and that sadly we sometimes hear in the media-it is the minority of cases where this does not happen, and when it is investigated, people are disciplined and thrown out of the industry on their bums!!

Surely you can't expect me to believe that if the scenarios are commonplace then the FSA would happily renew the banks licences each year!

I just hope that customers are not scared to approach advisers based on the reported conduct of the minority is my thought!

Hope i'm coming across as balanced, I am not wanting to sound disrespectful.

petermb_2

Grief, you industry people are so naive and gullible. Without even realising it you are assisting the institutions with the propaganda that keeps everyone in line.

In my humble opinion the whole industry is in for a shake up shortly and will be forced to be fair and much of the garbage will be a thing of the past.

The Huge profits will shrink a little but hey, the banks and lenders will survive, poor souls.

mrmajika

I work for a high street bank in lending and struggle to believe that the OP has written.

All staff are targetted on Loans and their insurance. However, it is better to get a loan with no insurance than no loan at all. So, if the customer does not want the insurance, then selling the loan on its own without the insurance helps the staff member more with bonus and targets that it would to deliberately decline the loan.

There is no such thing as a PPI removal indicator on credit files.

Financial institutions can run multiple credit checks, however the credit reference agencies only register these as one search in any 24 hour period. Therefore, running the multiple credit searches one after the other as claimed in the OP would not cause the 'ruined credit file for 6 months'.