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Hi forum,
I have searched and absorbed lots of info in the last few hours , seeing if a similar problem to mine was covered, but although i have learbned a lot, i am unsure of which way to tackle my particular problem.
1) I took out a loan against my house in 2006 with the Halifax for £40k, and reluctantly took the advice on PPI because although it added £38 a month to my £430 monthly repayment, redundancies can happen at any time, so it did seem a sensible move.
2) I am proud to have never missed a payment in 8 and a half years later, but at Xmas i was told I am redundant.
3) While looking for a job, I got my documents out and rang the Halifax to tell them I was out of work and requesting a claim form,
4) The person checked and told me I wasn't covered for unemployment, and to check my paperwork.
5) The Total Mortgage Protection Plan policy summary quotes unemployment/critical illness/life cover as the three fundamental parts of the plan.
6) On a page of my personal letter detailing the policy, it has three columns and 'accepted' only against two, illness and life cover.
7) I felt sick/annoyed/light-headed that i had paid been 'duped' and when i recovered , I was determined to do something about it.
Right, now to the point of my post!!
I was definitely mis-sold PPI because it was the adviser asking me how would i pay the loan if i was made redundant, that made me agree to take the PPI. My health was and is good, but any add-on to the unemployment PPI was ok for me,
Is this the approach I should take, or am i being too specific? i.e. should i go for a straight forward general mis-sell because the ppi didnt suit my needs/wasn't explained properly approach.
Sorry for the long post but if anyone has time to read then all the info is there, hopefully.
Thanks in advance.
Regards,
JDLover
I have searched and absorbed lots of info in the last few hours , seeing if a similar problem to mine was covered, but although i have learbned a lot, i am unsure of which way to tackle my particular problem.
1) I took out a loan against my house in 2006 with the Halifax for £40k, and reluctantly took the advice on PPI because although it added £38 a month to my £430 monthly repayment, redundancies can happen at any time, so it did seem a sensible move.
2) I am proud to have never missed a payment in 8 and a half years later, but at Xmas i was told I am redundant.
3) While looking for a job, I got my documents out and rang the Halifax to tell them I was out of work and requesting a claim form,
4) The person checked and told me I wasn't covered for unemployment, and to check my paperwork.
5) The Total Mortgage Protection Plan policy summary quotes unemployment/critical illness/life cover as the three fundamental parts of the plan.
6) On a page of my personal letter detailing the policy, it has three columns and 'accepted' only against two, illness and life cover.
7) I felt sick/annoyed/light-headed that i had paid been 'duped' and when i recovered , I was determined to do something about it.
Right, now to the point of my post!!
I was definitely mis-sold PPI because it was the adviser asking me how would i pay the loan if i was made redundant, that made me agree to take the PPI. My health was and is good, but any add-on to the unemployment PPI was ok for me,
Is this the approach I should take, or am i being too specific? i.e. should i go for a straight forward general mis-sell because the ppi didnt suit my needs/wasn't explained properly approach.
Sorry for the long post but if anyone has time to read then all the info is there, hopefully.
Thanks in advance.
Regards,
JDLover
