LLOYDS - TSB Insurance miss selling.
#1
LLOYDS - TSB Insurance miss selling.
Anyone got any info yet?
I may be in line to make a claim on this.
http://www.bbc.co.uk/news/business-13291640
I may be in line to make a claim on this.
http://www.bbc.co.uk/news/business-13291640
Last edited by The Trooper 1815; 05 May 2011 at 07:18 PM.
#2
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I dont see why Lloyds have to pay out anything. YOU signed the contract, YOU had 30 days to cancel it so YOU should have known if there were any exclusions in your contract.
Obviously if the PPI was added without your knowledge then thats a different thing altogether.
They are saying (the press) that you can claim if the seller did not explain any exclusions in the contract when you signed for it. Well in that case can I claim back for 30 years of car, bike, house insurance as well as no-one has ever told me of any exclusions in any policy i have ever had? I doubt it very much.
On what terms do you intend to claim?
Chip
P.S I do not work in a bank.
Obviously if the PPI was added without your knowledge then thats a different thing altogether.
They are saying (the press) that you can claim if the seller did not explain any exclusions in the contract when you signed for it. Well in that case can I claim back for 30 years of car, bike, house insurance as well as no-one has ever told me of any exclusions in any policy i have ever had? I doubt it very much.
On what terms do you intend to claim?
Chip
P.S I do not work in a bank.
#3
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Well said Chip.
I wonder how people will prove they were not told?
And I would imagine Lloyds TSB will not be the only ones who are hung drawn and quartered over the PPi fiasco.
I wonder how people will prove they were not told?
And I would imagine Lloyds TSB will not be the only ones who are hung drawn and quartered over the PPi fiasco.
#4
I did explain to the banks sales staff that as a member of HM Forces should I receive an injury, disability or long term illness I would not be made redundant without a compensation scheme, lump sum and pension that would cover the cost of the loan, unless I was borrowing millions but was still told no insuarnce no loan.
http://www.lloydstsb.com/payment_pro...complaints.asp
Found this now so it's going off.
http://www.lloydstsb.com/payment_pro...complaints.asp
Found this now so it's going off.
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#8
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i might try for this as i had a create card with no ppi and lloyds took them over several years later , they put ppi on my account without my permission and at the time i assumed you had to have ppi , even though if i was made redundant i would have enough to pay off any debts
#9
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It's more for those that didn't know it had been included (or were too stupid to check) or for those that had it included but were not even elligible to claim.
#10
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to me the above is just the same as the "not fit for purpose" concept that applies to most consumer transactions
I am all for personal responsibility -- but it is just a game, the banks do it to each other so to me seems fair game
and my concept of personal responsibility extends to getting anything back from a bank that was sold to me fraudulently myself, and not using those ridiculous claims companies
nothing has btw I never take any “insurance” policy out
I am all for personal responsibility -- but it is just a game, the banks do it to each other so to me seems fair game
and my concept of personal responsibility extends to getting anything back from a bank that was sold to me fraudulently myself, and not using those ridiculous claims companies
nothing has btw I never take any “insurance” policy out
Last edited by hodgy0_2; 06 May 2011 at 11:12 AM.
#13
are people really stupid enough to buy PPI
some people really need to be saved from them selves......
I remember sitting in a bank when I was about 18 getting a loan and the advisor asked did I want protection insurance, I said "do I look stupid" we both laughed and she did not mention it again.
some people really need to be saved from them selves......
I remember sitting in a bank when I was about 18 getting a loan and the advisor asked did I want protection insurance, I said "do I look stupid" we both laughed and she did not mention it again.
#15
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are people really stupid enough to buy PPI
some people really need to be saved from them selves......
I remember sitting in a bank when I was about 18 getting a loan and the advisor asked did I want protection insurance, I said "do I look stupid" we both laughed and she did not mention it again.
some people really need to be saved from them selves......
I remember sitting in a bank when I was about 18 getting a loan and the advisor asked did I want protection insurance, I said "do I look stupid" we both laughed and she did not mention it again.
Or what if you are told, "No PPI = no loan" like my lad was?
#16
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#17
#18
Lloyds TSB have accepted that they mis-sold and are taking the necessary actions. When will the others follow? As a taxpayer, for 30years and never been unemployed, I "own" the Bank so feel I should get my dues back having been shafted into buying something I did not need.
Last edited by The Trooper 1815; 06 May 2011 at 04:31 PM.
#19
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Troop,
I see your point about being told you need it from the banks but most of the PPIs sold were through those that used Black Horse as finance for cars, sofas , kitchens etc, and so were sold the PPIs from salesman who are the real rogues in all this.
Chip
I see your point about being told you need it from the banks but most of the PPIs sold were through those that used Black Horse as finance for cars, sofas , kitchens etc, and so were sold the PPIs from salesman who are the real rogues in all this.
Chip
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#23
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But let's be clear here: ONLY a FEW banks, led by LLoyds TSB held out when this was first mooted.
They were hoping the government, in the guise of the courts, would bale them out again, just like they did over huge charges..........but the courts decided enough was enough.
They were hoping the government, in the guise of the courts, would bale them out again, just like they did over huge charges..........but the courts decided enough was enough.
#26
I heard somebody being interviewed on the radio last night.
She claimed she'd been paying £25 per month for 3 years for PPI on a credit card without realising!
Perhaps I'm very **** but I would damn well spot £25 going out my bank or on a card in the first month, never mind after 3 years
She claimed she'd been paying £25 per month for 3 years for PPI on a credit card without realising!
Perhaps I'm very **** but I would damn well spot £25 going out my bank or on a card in the first month, never mind after 3 years