Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

[leclerc]

Re: Latest updates on PPI Judicial Review and claims on hold

pmsl - well its just all so clear now !

I like this



I don't believe any firms /consumers are yet relying on the policy statement etc as yet are they ?

FSA handbook still shows the new disp as coming in in December.

Lloyds said that over 25% of claims they receive are from people who never had PPI in the first place (think that shows how much people are bandwagon jumping doesnt it)


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The question I would ask is whether they were claiming they did or whether they were asking for paperwork to see if they could claim......

[marshallka]

Re: Latest updates on PPI Judicial Review and claims on hold

Lloyds said that over 25% of claims they receive are from people who never had PPI in the first place (think that shows how much people are bandwagon jumping doesnt it)


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People only bandwagon jump when they post on sites (or have phone calls from claims companies) and have replies telling them they have been missold.

Sometimes as soon as someone sees a post on sites that mentions PPI they automatically assume that its a single premium and must have been missold. Often its not the case and there was a post on here today that was similar.

The poster DID have an offer of their premium back although they were only "monthly premiums" and not a single premium and they dismissed the offer thinking they were due more back. Upon looking at the agreement in more detail it was obvious that the agreement did not have a single premium attached and the offer was actually very fair. Because the poster complained again and did not accept the offer has been withdrawn as the premium was not a single premium and it was most likely offered goodwill. I just hope they can get the offer reviewed again TBH cause it can be hard to prove a monthly premium of PPI as missold.

[pompeyfaith]

Re: Latest updates on PPI Judicial Review and claims on hold

yup marshy but it is also worth a mention that many CC CO add on PPI even if you did not ask for it and MBNA is one of the biggest offenders i had over £1500 taken dispite there being no tick in the box on the agreement this is rife in the financial industry

[marshallka]

Re: Latest updates on PPI Judicial Review and claims on hold

UK banks face 5 bln stg protection insurance hit


http://www.reuters.com/article/idUSLDE69Q12N20101027

[The Debt Star]

Re: Latest updates on PPI Judicial Review and claims on hold

The end of free banking is nigh

[Turboman]

Re: Latest updates on PPI Judicial Review and claims on hold

UK banks face 5 bln stg protection insurance hit


http://www.reuters.com/article/idUSLDE69Q12N20101027

interesting article Marshy

The end of free banking is nigh

What free banking??

EDIT--bloody hell-mastered Multi Quote at last

[NLP]

Re: Latest updates on PPI Judicial Review and claims on hold

The end of free banking is nigh

totally LMAO

heard of bank charges?

[nelliewops]

Re: Latest updates on PPI Judicial Review and claims on hold

yup marshy but it is also worth a mention that many CC CO add on PPI even if you did not ask for it and MBNA is one of the biggest offenders i had over £1500 taken dispite there being no tick in the box on the agreement this is rife in the financial industry

This happened to OH with MBNA (twice!) and also on a Debenhams card where the original paperwork which we still have has a note written by the sales person to the effect that PPI was not required by OH...........and GE Money went ahead and added it anyway :tinysmile_cry_t:

[The Debt Star]

Re: Latest updates on PPI Judicial Review and claims on hold

totally LMAO

heard of bank charges?

Yeah? last time I checked I wasn't having to pay £15 a month to just have a bank account facility. Reckons you may be confusing your bounced cheques here son.

[NLP]

Re: Latest updates on PPI Judicial Review and claims on hold

Yeah? last time I checked I wasn't having to pay £15 a month to just have a bank account facility. Reckons you may be confusing your bounced cheques here son.

Not a chance, newcomer... as you said yourself!

I know my onions.. and "if" you knew yours you would know exactly why the banks won the bank charges supreme case....

need some help?

bounced cheque? is that some kind of game you play?

son..

[leclerc]

Re: Latest updates on PPI Judicial Review and claims on hold

totally LMAO

heard of bank charges?

I would agree with your sentiment but not your argument. Free Banking does not exist, since free if in credit may exist you are shafted on interest forgone on credit balances, and if you are in the red well, you are kinda shafted even more, lol!

Not sure I'll get into the argument on packaged accounts cos I think they are ****e....

[pompeyfaith]

Re: Latest updates on PPI Judicial Review and claims on hold

http://www.which.co.uk/news/2010/10/...claims-234769/

http://www.compliancy-services.co.uk...a-rules-on-ppi

[Angry Cat]

Re: Latest updates on PPI Judicial Review and claims on hold

This happened to OH with MBNA (twice!) and also on a Debenhams card where the original paperwork which we still have has a note written by the sales person to the effect that PPI was not required by OH...........and GE Money went ahead and added it anyway :tinysmile_cry_t:

BoA (MBNA) $592 million, in reserve...

[di30]

Re: Latest updates on PPI Judicial Review and claims on hold

Just came across this....dated 27 October 2010 (apologies if this have already been posted, not checked right through this thread properly yet today).


http://www.which.co.uk/news/2010/10/...claims-234769/

Santander pledges to process PPI claimsSpanish banking giant not part of judicial review

27 October 2010
Consumers have been overcharged by £2.4bn on PPI, according to the Competition Commission

In a welcome move for consumers, Santander has confirmed that it is still processing Payment Protection Insurance (PPI) claims and will not be joining other UK banks in their judicial review of the PPI market.
A Santander spokesperson said 'We are not involved in the legal action being pursued by a number of UK banks with regards to Payment Protection Insurance (PPI). We will continue to deal with any issues our customers put to us regarding PPI in accordance with FSA rules.

More info on above link.

[The Debt Star]

Re: Latest updates on PPI Judicial Review and claims on hold

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