Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
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I took out a lloydstsb credit card in 2005 when I was really didn't know much about them. Months into paying my bills I realised I was paying PPI without even realising what it was. I cancelled it straight away once I had looked into it. I'm pretty sure that I wasn't asked about whether I wanted it or not and it certainly wasn't explained. Neither was I asked of my work status which has always been self employed.
I have sent an initial letter asking for a refund based on it being mis-sold as my status was self employed, I was assuming that this would have rendered the policy void. They have replied to me stating that being self employed does not render the policy void. Does anybody know if this would be the case or are they trying to fob me off. Is there any way of checking this?
Now understanding credit cards, I feel that I was mis-sold the credit card as it was really only beneficial for balance transfers with a high interest rate for purchases. At the time I had no store/credit cards so had no balance to transfer, I simply needed a means of purchasing. I now realise I should have taken out a different credit card, but I was offered no advice from the 'banker' and had no idea about different types of credit.
Can anyone offer their thoughts?
Welcome to CAG. I have had a quick look at the terms and conditions on the Lloyds website. They do cover self employed, but there are certain conditions. Go to the website and click vredit cards. The PPI link is 3/4 of the way down the page.
PPI LloydsTSB and self employment status?
credit card in 2005 when I was really didn't know much about them. Months into paying my bills I realised I was paying PPI
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