Kryt vs PPI

[Kryt]

On a slightly different note to the mis-selling issue most of you are having (hence why many of you are reading this) I'm looking to tackle PPI in general.

I know I've mentioned my disgust at the whole idea of PPI previously, but I'm gonna try and keep track of progress here and people can chuck in their own tuppence in ideas, suggestions and general comment.

Generally, PPI on borrowed funds is there as an emergency backup in case of financial difficulty due to job loss, hospitalisation etc. The exclusions in nearly all packaged PPI products rule out all of the most common reasons for the above.
When you are in financial difficulty, you do whatever is possible to fix this - taking on temporary or seasonal work for instance, both of which are exclusions in nearly all PPI products.
This is hugely unfair on the people being scammed by PPI - because as far as their credit is concerned, they would have actually been better off not getting that temporary work in the first place.

I don't think there's a single place I can go to start procedings - meaning I will probably have to take action upon each individial supplier.
I could look at the relevant ombudsman and banking codes, however I can't see they would be interested in something they've been trying to get implemented for years.

Any thoughts or suggestions? All going well, I'll have a nice letter draughted with full legal banter by the end of the week

[reidnet]

Glad your joining in the Campaign against PPI.. We can do with all the help / Support that we can get.

Ian

[hellhasnofury]

Originally Posted by reidnet

Glad your joining in the Campaign against PPI.. We can do with all the help / Support that we can get.

Ian

I'll second that

[reidnet]

I did mean to say that if you have a list of complaints it may well also be worth writing to the FSA, I know the FSA do not handle individual cases, but they do look into all complaints seriously. I have written to them a couple of Times though they took my complaint seriously they would not tell you the outcome. I complained about GE, which no doubt added to list of complaints about GE and in fact the FSA fined GE over £600,000.00 recently. So even though it may not help an individual case, I will use the Tesco Slogan here..lol "Every Little Helps"

Ian