PPI claims
- Thread starter Becs
- Start date
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Night Train
Maker of Things
Fortunately (or unfortunately) I always read the small print and so never took out any PPI.
OP
OP
Becs
Veteran
I was a clueless 18 year old at the time . . . ... hence the pay out
dellzeqq
pre-talced and mighty
all very well, but the poor man who decided that Lloyds should settle has had to take time off for stress
http://www.guardian....ess?INTCMP=SRCH
Horta-Osório has accelerated changes at the bank such as the decision to take a £3.2bn provision for mis-selling of payment protection insurance (PPI) and embark on fresh cost-cutting measures.
Oh, Becs! What have you done???
http://www.guardian....ess?INTCMP=SRCH
Horta-Osório has accelerated changes at the bank such as the decision to take a £3.2bn provision for mis-selling of payment protection insurance (PPI) and embark on fresh cost-cutting measures.
Oh, Becs! What have you done???
OP
OP
Becs
Veteran
Indeed. It is now looking like those who checked the small print are now the ones who are looking like they've missed out.
montyboy
New Member
It was the same with the "great endowment scandal". when people realised that their investment hadnt brought about the great riches they had hoped for they all claimed compensation for mis-selling. many of those people had bought the product in full knowlege of the facts but claimed anyway.
PPI was probably a good insurance for many but because they didnt need to use it they now want the premium back.
The problem with all of these claims is that we all pick up the tab anyway.
OP
OP
Becs
Veteran
I'm sure some will milk it, but seeing as I could have never made a claim, as I wasn't employed I (an many others) are completely justified in claiming it back - at the time I was just told it was part of having a credit card and wasn't given an option not to have it. Yes I was clueless but they took advantage - incidentally I think that there should be a lot more information about financial matters in schools to prevent this sort of thing happening in future.
Anyway, this is a f*cking good day for me, I can clear my credit card and small loan and buy my parents something really nice for xmas so I'm not going to let the grumpy few on cyclechat p1ss all over it!!!!
meenaghman
Guru
Even if you were employed it might be that your company provided benefits which meant ppi was invalid or wouldn't pay out...
slowmotion
Quite dreadful
I think that Becs has unfortunately screwed anybody who has a bank account at Lloyds TSB. " Costs" get passed down.
DiddlyDodds
Random Resident
Very True
Car insurance is next (yes i know a lot on here dont have cars but i would say the majority do) my insurance is due in 2 months and the lowest quote i can get on all the comparison sites is £300 more than last year, i rang one to ask why, and was told due to high rate of claims for accident / personal injury premiums are going up to match it.
So thanks all the people who have had a little bump and claimed for whiplash you owe me £300 . please forward your money asap please
Silver Fox
Guru
Whether claiming is right or wrong, there's no such thing as free money.
Orange
Active Member
The biggest scam in all this is not those poor unfortunates who never bothered to read the contracts they were signing (why wouldn't you if it's your own money?) or take advantage of the cancellation period after they had more time to consider.
No, it's these rude, persistant and outright untruthful third party claims companies that constantly phone you up, don't have the common courtesy to tell you who they are before launching into their spiel, assume you have a problem without even asking - assume you have PPI without even asking - and put the phone down very abruptly if they think you are not going to sign up with them... only for someone else from the same company to phone the next day. Now they are not even calling personally but using auto-dial pre-recoreded messages to spout their guff.
Oh and if you do sign up with them and if they do win compensation, they keep 40%+ for themselves, for doing very little other than passing your name and address details which you could have done yourself. Watchdog recently highlighted their scams but most people won't have seen it and they are so prevalent it has become a multi-million pound industry. The cost just of processing all the claims, genuine and not genuine must be massive.
Eventually it is everyone who uses the services who pays for it as all costs will eventually be passed on to the consumer.
I hate this ambulance-chasing, claim for the slighest incident real or imagined and magnify its effects to the maximum culture that seems to be expanding exponentially.
Motor-insurance premium rises as a result of all the fake claims is a prime example, pricing many people out of insurance. Don't think this will mean they will stop driving - no, they wil drive uninsured and if you are ever knocked down by such a driver there will be no insurance to claim against for a genuine claim.
Ah well - nearly weekend - and more of those parasitic b*****d phone calls to ignore.
No, it's these rude, persistant and outright untruthful third party claims companies that constantly phone you up, don't have the common courtesy to tell you who they are before launching into their spiel, assume you have a problem without even asking - assume you have PPI without even asking - and put the phone down very abruptly if they think you are not going to sign up with them... only for someone else from the same company to phone the next day. Now they are not even calling personally but using auto-dial pre-recoreded messages to spout their guff.
Oh and if you do sign up with them and if they do win compensation, they keep 40%+ for themselves, for doing very little other than passing your name and address details which you could have done yourself. Watchdog recently highlighted their scams but most people won't have seen it and they are so prevalent it has become a multi-million pound industry. The cost just of processing all the claims, genuine and not genuine must be massive.
Eventually it is everyone who uses the services who pays for it as all costs will eventually be passed on to the consumer.
I hate this ambulance-chasing, claim for the slighest incident real or imagined and magnify its effects to the maximum culture that seems to be expanding exponentially.
Motor-insurance premium rises as a result of all the fake claims is a prime example, pricing many people out of insurance. Don't think this will mean they will stop driving - no, they wil drive uninsured and if you are ever knocked down by such a driver there will be no insurance to claim against for a genuine claim.
Ah well - nearly weekend - and more of those parasitic b*****d phone calls to ignore.
Arch
Married to Night Train
This. I get the recorded calls, despite never having had a ppi to start with.
Grrrrrrrrrrr!
