Epic win against bank
- Thread starter mp3duck
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Soldato
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Cheers for confirming. I thought they were cold calls, but odd that they were bypassing TPS. I registered 5 years ago, but double checked just now and it says that I'm still on TPS.
I've always said no when they asked. Maybe i should have been a sucker
I've always turned it down as well it's annoyed the sales monkey but never stopped me getting a loan
I can't beleve how many people have taken it out it's like going down to the purple shirt place buying a crapy £300 laptop and saying yes please to a £50 a month insurance policy
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Soldato
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Yes but as already explained your anaology would read 'going down to the purple shirt place buying a crapy £300 laptop and been told you could not have it, nor any other laptop unless you agreed to a £50 a month insurance policy'
I don't believe banks forced people to take ppi. I was asked several times when taking out credit cards and loans but always refused because I actually read the terms and knew the product was poor value
Even if I was forced to take ppi I would simply just have used another bank
Deleted member 66701
Deleted member 66701
You can believe what you want but many banks DID force PPI on people as a condition of a credit agreement.
Many banks also sold PPI by misrepresenting the benefits of the PPI or what it would cover - often knowing full well it would be useless give the customers personal circumstances.
Maybe if people sat down and read what they were being offered, they might of seen that.
Caporegime
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Then you're naive.
Deleted member 66701
Deleted member 66701
And what if you read what is written is misrepresnted, inaccurate or false?
Soldato
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I've always said no when they asked. Maybe i should have been a sucker
ditto. and at 8% interest its a bloody good earner too....
I remember when I got a credit card and I was offered PPI. I told them I was a student and all I got was student loans. The person claimed that if for some reason I was unable to get my money then I would be covered.
I couldn't be bothered to say anything other than politely declining. The people that were selling PPI obviously had no idea what the T&Cs were and were probably just given a short primer and told to push PPI as much as they could.
I couldn't be bothered to say anything other than politely declining. The people that were selling PPI obviously had no idea what the T&Cs were and were probably just given a short primer and told to push PPI as much as they could.
Epic win against a bank you say??...nah it would be an epic win if you had managed to wangle a few billions out of them
well, getting a few billion would certainly be even more epic!
But, I am happy with my £5.5k!
If we were to get a hold of the term's, we would see. But I can bet it will state PPI won't cover you if you're self employed etc. But we will never know until we get a copy of the terms from a PPI that was sold to someone who was self employed for example.
Same experience for me too, I had to refuse the PPI 4 times before the person gave up and moved on.
I know you didn't ask for opinion on the wider issues here OP... but anyway.. 
I really wish there had been some kind of massive fine that was issued to the banks and the money put into government coffers. I think there are too many people taking the banks on and it is costing us the bank using public too much.
I don't begrudge people for claiming the money back - I would as well if I had said yes to PPI. But this is the worst possible time for all this money to come pouring out - and it is cheaper for the banks to pay without proper investigation which means we have lots of people (infact an industry has formed around it) claiming with very little basis.
Congratulations though OP. Again - ignore everyone that isn't man enough to hide their jealousy and enjoy the cash injection! I know I would - and so would everybody else on this thread.
I really wish there had been some kind of massive fine that was issued to the banks and the money put into government coffers. I think there are too many people taking the banks on and it is costing us the bank using public too much.
I don't begrudge people for claiming the money back - I would as well if I had said yes to PPI. But this is the worst possible time for all this money to come pouring out - and it is cheaper for the banks to pay without proper investigation which means we have lots of people (infact an industry has formed around it) claiming with very little basis.
Congratulations though OP. Again - ignore everyone that isn't man enough to hide their jealousy and enjoy the cash injection! I know I would - and so would everybody else on this thread.