Discussion Boards I care for...
Sick protection.
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By goddess57
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Wed 6 May 2009 15:13
Hi there can anyone help me ,Iv not realised that I had taken out protection on one of my loans some years ago ,since finding out I did make a claim due to being on the sick ,but I then found it was no good to me due to the facted I got turned down and also on telling them I was a carer ,couldnt apply unless I was a New Carer ,so this was not explained to me so since then Im still on the sick and will not be able to use this protection which did cost me over a £1300.00 I think they have miss sold me this on my loan and I did not know till I checked the back in small print that it was no good to my sitution can any one help me ,can I claim this money back or what!
Replies
- By spring
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Re: Sick protection.
Wed 6 May 2009 16:54Obviously there's the citizens advice bureau but it might also be worth contacting the financial services authority if you think you've been mis-sold a financial product/service.
www.fsa.gov.ukGood luck.
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By kerry.
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Re: Sick protection.
Wed 6 May 2009 19:51These people make me sick.
I would google Martin lewis. com and see if theres any advise on there.
- By kathanne
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Re: Sick protection.
Wed 6 May 2009 22:06Try the banking ombudsman - your lender is obliged to give you contact details. Hope you get it sorted.
- By meg mackenzie
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Re: Sick protection.
Thu 7 May 2009 13:30Lloyds TSB did this with my sister in law. Sold her a "protection" policy when she was on benefits for a loan. When we tried to claim of course we were told she wasn`t working so couldn`t claim. Kept nagging at them but they wouldn`t budge.
In the end we opened a new bank account with another bank for her benefits to be paid into, wrote a letter telling the bank why the account was no longer being funded and that no further repayments would be made to the loan as the cost of the premiums she had paid to them covered the outstanding loan amount. Copy sent to the banking ombudsman, and within three weeks it was all sorted out. Pity she had suffered two years of worry and letters telling her she was overdrawn and being charged for the priviledge. All these charges were refunded too, after the ombudsman stepped in. It pays to nag them.
Take care
Meg
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By goddess57
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Re: Sick protection.
Mon 11 May 2009 14:01Thankyou for your help in this matter I shall look into it, for Iv so much money to lose and its not fair that they took me on,I wonder how many other people have had this happen to them and not realised it like me ,I shall get this money back in due course and thanks again for your help.
- By graham
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Re: Sick protection.
Mon 11 May 2009 18:56Hi goddess57. Don't mess about go straight to Martin Lewis & his fantastic web site......As per Kerry above. Money Savings Expert. com You will find it under . ' PPI. Reclaiming in a nutshell' ...........That is your best way forward.....believe me.