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Moose423956
26th April 2012, 09:02
A few weeks ago I made a speculative claim to my bank about reclaiming the PPI on a loan I had about 10 years ago. I didn't have any details of the loan, couldn't remember how much it was for, or even if it was actually from them! I do specifically remember that when I took the loan out I was told that if I din't take out the PPI I wouldn't get the loan, obviously mis-selling. I was expecting them to say they couldn't find any details of the loan, or maybe they might repay a couple of hundred quid at the most.

Anyway, looked at my account this morning, they have repaid me thousands of pounds. Thousands. OMG! :banana:

Worth writing a letter for! I feel a trip to the shops coming on!

mudskipper
26th April 2012, 09:05
Kerching!

AtW
26th April 2012, 09:10
Sentencing Manual Obtaining a Money Transfer by Deception: Legal Guidance: The Crown Prosecution SErvice (http://www.cps.gov.uk/legal/s_to_u/sentencing_manual/obtaining_a_money_transfer_by_deception/)

HTH

Coalman
26th April 2012, 09:30
Complained about PPI on Credit Card (won't pay out to self employed, etc).

Received thousands!

Kerching!!

fullyautomatix
26th April 2012, 09:57
Assuming it was mis sold and if there was a situation where you went unemployed and had to actually claim on that policy would you have done it ?

Moose423956
26th April 2012, 10:05
Assuming it was mis sold and if there was a situation where you went unemployed and had to actually claim on that policy would you have done it ?

Absolutely

fullyautomatix
26th April 2012, 10:12
Absolutely


So you claim that it was missold, but spent all the time reassured that in case of some mis fortune you were covered with the PPI and hence you did not have to worry about it.

Moose423956
26th April 2012, 10:20
So you claim that it was missold, but spent all the time reassured that in case of some mis fortune you were covered with the PPI and hence you did not have to worry about it.

If I'd had the choice I wouldn't have taken out the PPI, but as they forced me to take it out then yes, I would have used it.

Sysman
26th April 2012, 10:25
If I'd had the choice I wouldn't have taken out the PPI, but as they forced me to take it out then yes, I would have used it.

I remember being offered PPI in the late eighties for something or other and thought it was shockingly expensive. I knew then that being self-employed I wouldn't have a cat in hell's chance of claiming, so declined.

Same story as those who wanted a repayment mortgage but couldn't actually get a mortgage unless they opted for an endowment ripoff, really. :mad:

quackhandle
26th April 2012, 10:39
I found 10 years worth of statement a while back and it has details of PPI payments on it, so I've spent the last week preparing letters for three credit cards and numerous loans.

Expecting the banks to fob me off (but then you go to the FOS) but you never know. I remember hearing on the radio last year that Barclays has set aside 1 Billion poonds for all the PPI mis selling.

qh

AtW
26th April 2012, 12:27
Any insurance like product should be illegal if it generates more than 10% profit per annum.

HTH

Sands of Time
26th April 2012, 12:28
Any insurance like product should be illegal if it generates more than 10% profit per annum.

HTH


In your deranged socialist paradise maybe!



Tone

d000hg
26th April 2012, 13:05
I wish I'd taken out more loans now. Other than credit cards and mortgages the only loan I ever took was to buy my first car.

Where's my free money, that's what I want to know? It's Only Fair.

AtW
26th April 2012, 13:09
In your deranged socialist paradise maybe!

In USSR the state insured everything.

HTH

Well mostly.

Sands of Time
26th April 2012, 13:13
In USSR the state insured everything.

HTH

Well mostly.


Surely, you mean ensured.



Tone