PPI Insurance - Own up! Who's owed?

[MarillionFan]

BBC News - Lloyds to pay £3.2bn for mis-selling PPI policies

Thanks Lloyds for going it alone when I was on holiday. Login this morning to find that you have decided to put £3B aside to deal with paying out PPI and cost me £2k in your share price!

I remember taking loans with Lloyds 10 years back and I always had to make a massive deal about not paying for PPI(waste of money and never applicable to me) and even got turned down for one loan because I would not take it.

Are any of our illustrious members going to get any cash back?

(and BTW buy some Lloyd shares, they're very cheap you know)

[Halo Jones]

Contractors are one of the groups who have a chance of claiming as if they had been sold it & then tried to claim they would have been told that they do not qualify as they are self-employed.

[Support Monkey]

BBC News - Lloyds to pay £3.2bn for mis-selling PPI policies

Thanks Lloyds for going it alone when I was on holiday. Login this morning to find that you have decided to put £3B aside to deal with paying out PPI and cost me £2k in your share price!

I remember taking loans with Lloyds 10 years back and I always had to make a massive deal about not paying for PPI(waste of money and never applicable to me) and even got turned down for one loan because I would not take it.

Are any of our illustrious members going to get any cash back?

(and BTW buy some Lloyd shares, they're very cheap you know)

Same here i took out a loan with NROCK a few years back and i had a hell of a job telling them I did not want PPI, they were well high pressured in trying to get me to take it, it serve them all right if they have to pay it all back

[AtW]

Fine won't solve this problem (existing Lloyds TSB customers will pay for it - and they have dominant market position) - criminal prosecutions might go some way at least of restoring justice: someone has come up with such scheme and got massive bonus for it due to high profitability.

IMHO every insurance MUST come with stats showing %-tage paid out in claims, just like lotteries required in some countries because that's what insurance really is.

[MarillionFan]

Stuff it. Bought another £20k in Lloyds at 52.6 time will tell if that was dumb.

[AtW]

Stuff it. Bought another £20k in Lloyds at 52.6 time will tell if that was dumb.

You could have bought a pound of gold - I hear DimPrawn is liquidating his stake as his wife demanded a holiday in Blackpool...

[AtW]

Stuff it. Bought another £20k in Lloyds at 52.6 time will tell if that was dumb.

OMFG, MF has single handedly changed direction of market!!!



Source: BBC News - Lloyds Banking Group reports loss on £3bn PPI provision

[MarillionFan]

OMFG, MF has single handedly changed direction of market!!!



Source: BBC News - Lloyds Banking Group reports loss on £3bn PPI provision

My rep is mighty.

[Moose423956]

Stuff it. Bought another £20k in Lloyds at 52.6 time will tell if that was dumb.

Have you heard of the phrase "throwing good money after bad"?

I reclaimed a PPI from a loan I took out about 5 years ago to buy a car, got over £400 back, though it wasn't that straightforward. It was mis-sold on the grounds that I didn't speak to a medical expert about a pre-existing medical condition, so not sure if everyone can claim, only those people who didn't receive an appropriate consultation.

I had another loan from Lloyds previously where they said I had to take out PPI or they wouldn't approve the loan. Unfortunately it was more than 6 years ago otherwise I would be claiming that back too.

[AtW]

Have you heard of the phrase "throwing good money after bad"?

No, he never had any good money to throw yet.

HTH