pre regulation?

Poppybud · 14 July 2018 at 9:11PM

Hi,

A few questions, and not very financially savvy, please be patient with me!

I had PPI sold to me in 1989 on car finance, being told I was too young to get the car/finance without it.

Is this mis selling?

With this being pre regulation is it impossible to make a complaint?

I think the finance company was Lombard, but cannot be 100% on that. Is it worth the effort to try and investigate/complain?

Many Thanks.

[Deleted User] · 14 July 2018 at 9:20PM

Poppybud wrote: »

I think the finance company was Lombard, but cannot be 100% on that. Is it worth the effort to try and investigate/complain?

Very probably not worth any effort . Any complaint from 1989 about Car Finance PPI can and will be rejected without ceremony..

dunstonh · 14 July 2018 at 9:44PM

Is this mis selling?

probably.

With this being pre regulation is it impossible to make a complaint?

Most car dealers were not regulated until January 2005. So, the dealer wont need to consider a complaint about a sale made prior to that date.

I think the finance company was Lombard, but cannot be 100% on that. Is it worth the effort to try and investigate/complain?

You can check the FCA register to see if the car dealer was regulated prior to 2005. (expect them not to be)

pre regulation?

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