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dixonjdc
Posts: 2 Newbie
Just kicking off my PPI adventure and after reading the MSE articles and doing my Experian thing I still have some probably stupid questions....
1. To claim I assume I need to have borrowed money not just taken out a CC or storecard? I'm assuming if I never paid anything (ie just bought shop items) I can disregard those cards?
2. There is nothing in the article about Endowment policies - do they qualify for claims? ie the article only talks about loans, not savings policies??
3. Do I need to go through step 1 (asking for the agreement), before I go to step 2, making the claim or can I just make the claim as a try it and see?
Many thanks in advance for help....
John (Dixon)
1. To claim I assume I need to have borrowed money not just taken out a CC or storecard? I'm assuming if I never paid anything (ie just bought shop items) I can disregard those cards?
2. There is nothing in the article about Endowment policies - do they qualify for claims? ie the article only talks about loans, not savings policies??
3. Do I need to go through step 1 (asking for the agreement), before I go to step 2, making the claim or can I just make the claim as a try it and see?
Many thanks in advance for help....
John (Dixon)
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1) Credit cards and store cards could have PPI. If you paid off in full every month or never used the card you would not have paid any but otherwise you could. It would be listed on every statement as a separate charge
2) No, endowment policies cannot have PPI
3) Ring the bank and ask them if you had it, then see if you have complaint reasons why you were miss-soldSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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