Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • MSE Naomi
    • By MSE Naomi 25th Jun 19, 4:30 PM
    • 329Posts
    • 74Thanks
    MSE Naomi
    MSE Poll: Have you tried to reclaim PPI? And if not, why not?
    • #1
    • 25th Jun 19, 4:30 PM
    MSE Poll: Have you tried to reclaim PPI? And if not, why not? 25th Jun 19 at 4:30 PM
    Poll started 25 June 2019
    There are only two months left to reclaim PPI. So we wanted to test whether you’ve done it, and if not, why not?
    Did you vote? Are you surprised at the results so far? Have your say below.

    If you haven't already, join the forum to reply.

    Thanks!
Page 1
    • colinrosy
    • By colinrosy 26th Jun 19, 8:44 PM
    • 5 Posts
    • 11 Thanks
    colinrosy
    • #2
    • 26th Jun 19, 8:44 PM
    • #2
    • 26th Jun 19, 8:44 PM
    Being a savy money saver all my life I was never conned into paying for PPI. Now I am paying the price for all those who were not so savy, because ALL the banks customers are effectively footing the bill.The PPI repayments should have been completely met by the directors and shareholders who profited from the miss selling!.
    • PaulSh
    • By PaulSh 26th Jun 19, 9:29 PM
    • 20 Posts
    • 19 Thanks
    PaulSh
    • #3
    • 26th Jun 19, 9:29 PM
    Paying the price?
    • #3
    • 26th Jun 19, 9:29 PM
    Now I am paying the price for all those who were not so savy, because ALL the banks customers are effectively footing the bill.The PPI repayments should have been completely met by the directors and shareholders who profited from the miss selling!.
    Originally posted by colinrosy
    The compensation payments have reduced the capital value of the banks, and that will be reflected to an extent in their share price and their ability to pay dividends. So shareholders will have shared some of the pain.
    • NaughtiusMaximus
    • By NaughtiusMaximus 27th Jun 19, 2:21 PM
    • 2,182 Posts
    • 5,403 Thanks
    NaughtiusMaximus
    • #4
    • 27th Jun 19, 2:21 PM
    • #4
    • 27th Jun 19, 2:21 PM
    100% sure I've never had it.

    20 years ago I worked for a bank who managed the credit agreements for a lot of high street stores as well as offering loans and credit card directly, they heavily pushed PPI as a big part of their business model, it was obvious to me then it was a complete con and I made a point of avoiding it like the plague.

    The favourite trick of the con-artists sales people responsible for selling it was to strongly (and falsely) imply you had a higher chance of being accepted for finance if you opted for PPI.
    Last edited by NaughtiusMaximus; 27-06-2019 at 2:29 PM.
    • stripeyfox
    • By stripeyfox 27th Jun 19, 2:26 PM
    • 443 Posts
    • 513 Thanks
    stripeyfox
    • #5
    • 27th Jun 19, 2:26 PM
    • #5
    • 27th Jun 19, 2:26 PM
    I *think* the only time I had it was on some bank loans during the 90's and to be honest I went in eyes open and knew they'd offered PPI and I accepted it. I will say there was definitely a bit of "pressure" along the lines of "you're more likely to get accepted if you have insurance" but I was happy with the deal.

    I didn't make a claim on that basis, however a few years ago the bank told me they had missold PPI to me and chunked 8K into my account later that week!
    • Kaysafus
    • By Kaysafus 27th Jun 19, 5:18 PM
    • 7 Posts
    • 684 Thanks
    Kaysafus
    • #6
    • 27th Jun 19, 5:18 PM
    • #6
    • 27th Jun 19, 5:18 PM
    I'm reasonably confident I didn't have PPI because I always paid off credit cards in full and there was no extra charge. I kind of wish I'd ad PPI though, loads of people seem to be getting massive payouts and I'm a bit jealous!
    Thanks so much to everyone who posts on here!

    2019 wins: £0.30 on Topcashback games, National Trust recipe book, £50 Rex London vouchers, IBW award books
    • Ambernova59
    • By Ambernova59 27th Jun 19, 5:30 PM
    • 10 Posts
    • 239 Thanks
    Ambernova59
    • #7
    • 27th Jun 19, 5:30 PM
    • #7
    • 27th Jun 19, 5:30 PM
    Don't think I ever had PPI, even though I have been a Littlewoods customer for over 30 years. Usually pay as I go in life.
    • Kagse
    • By Kagse 2nd Jul 19, 12:01 AM
    • 1 Posts
    • 0 Thanks
    Kagse
    • #8
    • 2nd Jul 19, 12:01 AM
    • #8
    • 2nd Jul 19, 12:01 AM
    I didn’t think I could do it as my old mortgages and bank accounts were with an ex partner I no longer have any contact with. Is it correct that the bank will need both signatures???
    • Rusty Shackleton
    • By Rusty Shackleton 2nd Jul 19, 10:48 AM
    • 468 Posts
    • 685 Thanks
    Rusty Shackleton
    • #9
    • 2nd Jul 19, 10:48 AM
    • #9
    • 2nd Jul 19, 10:48 AM
    Never had PPI because I make sure I read and understand the agreements I'm signing. Pretty p**sed off with all the lazy and stupid people getting rewarded for their behaviour, especially since 'the banks' paying compensation inevitably means 'other customers/shareholders' etc. paying the compensation.
    • GabiB
    • By GabiB 30th Oct 19, 12:55 PM
    • 6 Posts
    • 1 Thanks
    GabiB
    Tried to but the bank is taken AGES to contact us, 2 months later, nothing!!!!

    Any ideas how long it should take?
    Btw I did it the day before the deadline.
    • PasturesNew
    • By PasturesNew 30th Oct 19, 2:13 PM
    • 67,494 Posts
    • 395,393 Thanks
    PasturesNew
    Did it, even though I didn't think I'd ever had it/was eligible. Did it just because it was easy to do. They replied "no you didn't"
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,298Posts Today

6,927Users online

Martin's Twitter