I've just had my claim rejected by the FSCS and was hoping for some advice. I've had ppi money repaid on other loans, which I didnt think were mis-sold but this 1 I feel is a genuine case of mis-selling!!
We were told welcome would not approve the loan unless we took the PPI policy, I had explained I didnt want it due to previous health conditions and getting full sick pay from work. We took the loan which was for a car for work transportation. The FSCS say they believe the product was not mis-sold as the t&c's said the policy was optional and they take written evidence over verbal. Surely this is mis-selling. I'm no expert by any means but this is my understanding of mis-selling.
I've asked for a copy of the t&c's as the paperwork I have does not mention this. Also the agreement I signed was a photocopy with the ppi box already ticked, there was no way to sign for the loan without taking the ppi! Just hoping I can make some kind of appeal but I know this is the final stage so I want to make sure I put the best case forward
Thanks in advance!
We were told welcome would not approve the loan unless we took the PPI policy, I had explained I didnt want it due to previous health conditions and getting full sick pay from work. We took the loan which was for a car for work transportation. The FSCS say they believe the product was not mis-sold as the t&c's said the policy was optional and they take written evidence over verbal. Surely this is mis-selling. I'm no expert by any means but this is my understanding of mis-selling.
I've asked for a copy of the t&c's as the paperwork I have does not mention this. Also the agreement I signed was a photocopy with the ppi box already ticked, there was no way to sign for the loan without taking the ppi! Just hoping I can make some kind of appeal but I know this is the final stage so I want to make sure I put the best case forward
Thanks in advance!
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