Thus far only 2 claims of a total of 15 I am aware of have been settled against the PPI. Both these policies had claims using the PPI policy due to out of work. By that I mean that in each case during the life of the PPI claims where made on its policy. Can that justify mis-selling if the PPI was used to claim against? And why has that classed as mis-selling?
Other claims which had no claim against them or claim could not be made be made because of age at time of acquiring the PPI as any claim on it could not be available even whilst deductions where made have been rejected as a no mis-sale.
Whilst I have seen these rejections occurring-The TV airwaves are blasted with companies targeting further customers to act as their advisers.
The media is encouraging the man in street to make a claim though them.
The Banks are employing more and more staff to process claims and working to targets set by the FSA which are truly unrealistic in view of the nature of the efforts the banks are using to process a claim.
In reality any application that had a ticked box for PPI has in general been pressured, as an implied part of the conditions to maximise the credit on card was “AN OPEN SECRET”
All claimants must have ticked box-for the PPI to be deducted from the card whether ticked by company representative of ticked by applicant under pressure by company. If they didn’t the organisation acted fraudently.
It doesn’t take long for the Company to establish that PPI has been taken from the account.
Because of the now high rejection rate I am informed that the Financial Ombudsman is employing an extra 60 people per month to handle appeals of failures. They are receiving 2500 appeals per week. Thus far 60% of those are being upheld by the companies concerned so clearly the banks have bought time
The Financial Ombudsman claim delays the payment to the claimant by 8 months. So much for the FSA putting an 8-week window to settle claims. The banks have gained the advantage not the claimants.
Whilst the airwaves continue to bombard the public on PPI claims the situation will get worse more claimant will be put off under the 8-week clause.
I have history that the complaint as one company upholds age and mis-sale at time of sale but rejected by another. Inconsistencies maybe lack of direction from FSA.
PPI claims are just being stretched by the 8 week deadline of FSA and the 8 week clause may be used as an excuse for immediate non payment.
I am building up a list of failed cases to use as examples of mis-claim by the PPI companies and will be happy be to hear from anyone rejected and now 60+ to add to the list to send to FSA.
It appears if you are elderly and no future prospect for the service on offer the claim is treated non-priority and not settled.
Also if you claimed on the PPI policy there is a better chance of a mis-sale
settlement. How can that be a mis-sale scenario?
grandted Wed 28-Mar-12 10:52:32
Greatnan Wed 28-Mar-12 15:56:50
grandted Thu 29-Mar-12 10:25:35
FlicketyB Thu 29-Mar-12 22:13:46
goose1964 Thu 05-Apr-12 15:39:56
blueyes37 Tue 04-Sep-12 10:14:10
nanaej Tue 04-Sep-12 10:22:58
dancingcar Tue 04-Sep-12 19:30:45
nanaej Tue 04-Sep-12 19:47:11
ellie50 Wed 31-Oct-12 14:46:51
Frankel Wed 31-Oct-12 22:25:08