PPI COMPENSATION

[GastonJ]

have a look here >>> Payment Protection Insurance (PPI)

Does that say people can claim money back when they never paid it in the first place?

I'll get my claims off to all banks, even ones I've never heard of

[Kalipo]

But don't you have to pay for the insurance before you can claim the money back from it? far be it from me to have to point this out, but he's paid 'em f'all

That's technically true but, the insurance is already paid upfront by the CC..

Example..

Your an insurance company, You sell a premium to a CC for a account holder.. The CC pay you and you provide. Its then up to the CC to claim the money back from you, normally with a % on top..

You wouldn't provide a premium on the hope that the account holder pays you every month.. If they don't pay your screwed.

[GastonJ]

Yeah ok I'd like to see that one fly by the onbudsman myself, go for it.

"How much did you pay them?"
"Nothing"
"How much are you claiming back"
"Everything I paid obviously"
"You paid nothing."
"Yeah but the credit card company paid them, so technically I did"
"How much did you pay your credit card company"
"Nothing...."
"So you paid nothing and want to claim money for the nothing you paid?"
"Yes, that's right"
"Are you a bank or just taking the pi$$??"

Yeah that works well, I'm sure.

[Kalipo]

Yeah ok I'd like to see that one fly by the onbudsman myself, go for it.

"How much did you pay them?"
"Nothing"
"How much are you claiming back"
"Everything I paid obviously"
"You paid nothing."
"Yeah but the credit card company paid them, so technically I did"
"How much did you pay your credit card company"
"Nothing...."
"So you paid nothing and want to claim money for the nothing you paid?"
"Yes, that's right"
"Are you a bank or just taking the pi$$??"

Yeah that works well, I'm sure.

It sounds far fetched but seriously, the FSA make them pay out ..

[GastonJ]

I'd like to see the cheque on that one

[super jumbe]

Its other way round hear, the debt collectors are chasing me can I still ask for PPi refund when I haven?t paid a penny on my dept?

[GastonJ]

Its other way round hear, the debt collectors are chasing me can I still ask for PPi refund when I haven?t paid a penny on my dept?

yeah perhaps I've been wrong all these years paying for things. Maybe I should slam a few claims in because I could have been offered PPI, even though I wan't offered any, but nothing stopped me from not paying it so they should pay me anyway just in case?

If you aren't confused by now, wait a while longer...

[super jumbe]

The last debt collector came knocking at my house and asked me that I owe ?1,200 to credit card, I told him to ~~~~ off if its my bank lend me the money when I signed the papers, its between me and the bank.

He said I bought the remaining credit from bank and I am determining to get my money back.

Two years on I am still getting threatening letters???

[lagerland]

They never go away SJ i went bankrupt in 2007 and still get letters from bedt recovery agencies if one has no joy they just sell the bedt to the next one very frustrating at times.............

[super jumbe]

They spend time writing letters including postage.
When delivered straight in the bin no problem???.
They can post 100 letters who cares!

[swalem]

PPI is and always has been a skank

[Meat-Head]

The last debt collector came knocking at my house

If you talk to Admin your user name can be changed, as can your avatair.

[GastonJ]

Well looking like Sylvester the cat is a dead giveaway when hiding from debt collectors who are dressed as Tweety Pie - he was always spotting puddy ctats