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jamiemartin721  Reading 05 Jun 15 3.37pm |
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Quote Pawson Palace at 05 Jun 2015 2.40pm
Sometimes if you didnt take it out they wouldnt give you the loan so its not a case of ignorance 100% of the time. Indeed I was informed that as I was self employed the insurance would cover the loan if I was out of work long term. This actually turned out to be entirely untrue as it didn't apply to self employment income.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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 johnfirewall 05 Jun 15 4.00pm |
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I fully understand that millions of people may have been mis-sold PPI but as it's impossible to prove which cases this actually applies to everyone is just having a claim up. We've applied common sense in restricitng banks from charging us over the actual cost to them on things like overdrafts so I don't get why everyone is getting thousands for PPI which may not have even cost them anything if they didn't use the card. I don't know why the banks didn't pump a load in to investigating the genuine cases and paying the FCA fines without all this other nonsense. Edited by johnfirewall (05 Jun 2015 4.05pm)
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| Stuk Top half 05 Jun 15 4.48pm |
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Quote Pawson Palace at 05 Jun 2015 2.40pm
Sometimes if you didnt take it out they wouldnt give you the loan so its not a case of ignorance 100% of the time. Don't take the fricking loan then! "The rate is x amount per annum and my kickback will be x per month" No thanks, f*** you.
Optimistic as ever |
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| Stuk Top half 05 Jun 15 4.50pm |
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Quote jamiemartin721 at 05 Jun 2015 3.36pm
Quote Stuk at 05 Jun 2015 1.30pm
I don't agree with it at all, never have. It basically meant you were too lazy to read the paperwork. If I did that for everything, I'd never get anything done. I'd still be reading books on law trying to fully understand the Power of Attorney I agreed to regarding my parents. The problem was much more about how banks encouraged people to take out an insurance they didn't need (or in some cases couldn't use). It violates the nature of 'Good will' in business regarding specialist knowledge and the role of an advisor, if they offer advise that is contradictory to the needs and interest of the other party. Of course I am bias as I got 4k. Sure, people should read the paperwork, hence they didn't get damages on their refunds (just the sum and interest). That said, selling people things they don't or can't use, is also against the law. If I sold books, it's not illegal to sell one to someone who can't read it.
Optimistic as ever |
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| jamiemartin721 Reading 06 Jun 15 10.25am |
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Quote Stuk at 05 Jun 2015 4.50pm
Quote jamiemartin721 at 05 Jun 2015 3.36pm
Quote Stuk at 05 Jun 2015 1.30pm
I don't agree with it at all, never have. It basically meant you were too lazy to read the paperwork. If I did that for everything, I'd never get anything done. I'd still be reading books on law trying to fully understand the Power of Attorney I agreed to regarding my parents. The problem was much more about how banks encouraged people to take out an insurance they didn't need (or in some cases couldn't use). It violates the nature of 'Good will' in business regarding specialist knowledge and the role of an advisor, if they offer advise that is contradictory to the needs and interest of the other party. Of course I am bias as I got 4k. Sure, people should read the paperwork, hence they didn't get damages on their refunds (just the sum and interest). That said, selling people things they don't or can't use, is also against the law. If I sold books, it's not illegal to sell one to someone who can't read it. It is however illegal to sell them the book they didn't ask for or want. If you come in and ask for Watership Down, I can't very well insist that you buy Watership Down and Naked Lunch.
Most people seem to think they're getting 'free money' they aren't, they're just getting what they paid plus a interest payment.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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| jamiemartin721 Reading 06 Jun 15 10.28am |
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Quote Stuk at 05 Jun 2015 4.48pm
Quote Pawson Palace at 05 Jun 2015 2.40pm
Sometimes if you didnt take it out they wouldnt give you the loan so its not a case of ignorance 100% of the time. Don't take the fricking loan then! "The rate is x amount per annum and my kickback will be x per month" No thanks, f*** you. If it was written like that, sure. But they were saying you need or can benefit from having x, which was untrue. Just like if you went into have your car fixed and the mechanic said fixed your water pump, and the garage sold you additional warrenty that only applied to parts that came on the car rather than repaired parts.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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| Stuk Top half 08 Jun 15 2.48pm |
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Quote jamiemartin721 at 06 Jun 2015 10.28am
Quote Stuk at 05 Jun 2015 4.48pm
Quote Pawson Palace at 05 Jun 2015 2.40pm
Sometimes if you didnt take it out they wouldnt give you the loan so its not a case of ignorance 100% of the time. Don't take the fricking loan then! "The rate is x amount per annum and my kickback will be x per month" No thanks, f*** you. If it was written like that, sure. But they were saying you need or can benefit from having x, which was untrue. Just like if you went into have your car fixed and the mechanic said fixed your water pump, and the garage sold you additional warrenty that only applied to parts that came on the car rather than repaired parts. They can say what they like, i'll decide whether it's true or not. A garage couldn't sell me an additional warranty in a million years, they're worthless. Plenty of people do take them though, when they actually cover absolutely sod all.
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