PPI claims

yes,but i had to go through one of the no win no fees crowd but this was before the recent climbdown by the banks,had £1300 less 27%.self employed though.

William, you weren't Sherlock Holmes bloodhound in a previous life were you?

Abbey wrote: Don't pay these ambulance chasers. Read Martin Lewis' tips on his Moneysavingexpert website and do it yourself without lining the very deep pockets of these predators. They don't add anything to your ability to claim. You only need see how they are able to use software to sniff out leads to work out how they operate. They'll be telling you next that you forgot you had an accident that was somebody else's fault.

i tried the martin lewis route but as i said this was before the climbdown by the banks,

William Martin wrote: The PPI mainly helps when some unpredictable accident, unemployment, or critical illness occurs that makes it impossible for the borrower to make monthly payment. A Payment Protection Insurance policy takes care of this inability to make monthly payments of the loan<div style="overflow: ;">

On paper it does, in reality it doesn't! My PPI that I had going back over 10 years ago was a joke. Was miss sold as I was told that I had to have it with my mortgage, was made redundant 2 years later and never saw a penny! The criteria for getting anything paid out was just a joke and not explained at all when I took out the policy. To name a few things:

1. They wouldn't pay the full mortgage repayment, just a % after taking my wife's salary into account
2. You were paid in arrears, after a 8 week wait to process the claim, on top of the arrears of a month (3 months minimum before you'd see a penny - know of anyone that has 3 months mortgage as spare cash when you lose your job?)
3. The best one, you had to send proof every two weeks that you were still claiming job seekers allowance, which had to be physically signed and dasted by the job centre! Every two weeks is when you signed on basically.
4. Masses of claim forms to fill in each fortnight to send with the job seekers proof.

So, if anyone knew some of these conditions listed above, would you have taken out PPI in the first place?

I was told it was a condition of my loan to cover repayments for sick/redundancy even though I told them that where I work if I go on Long term sick I get full pay for 6 months and 1/2 pay for another 6 months before my Parc y Scarletstops. We also used to have a fairly good redundancy package which would have more than covered the full amount of the loan at the time I had it.

When I complained direct to the bank I got turned down, so I complained to the financial services ombudsman. Took about 8 months but I got a payout in the end once the FSO agreed I had a case.

For instance if you're a student or self utilized or maybe a beneficiary, you're not entitled to PPI. However, people who sell these policies won't tell you this and you finish up being a victim of mis-sold PPI.