Thread: Picture Loans

Hope this is the right place to post for this!

If you took out a secured loan with insurance, and the company didn't make it clear to you that this would be treated as an additional loan (the insurance part of things), has this been mis-sold?

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hello rickoza,

Please post more information on your particular situation. Please do not post names, account numbers, addressess etc.

If you can post dates of loan your reason for believing you were mis-sold PPI.

Here are a few links to check to see if you believe you have a case for mis-selling by Picture.

loan payment protection insurance

issue 62 - mortgage endowment complaints – capping where the policy remains linked to a mortgage

Payment protection insurance (PPI) – Refunds of single premiums : FSA Money made clear – Unfair contracts

Payment protection | Were you mis-sold PPI? | PPI - rules before 2005
Payment protection | Were you mis-sold PPI? | PPI - the rules

all of the above are from this links

Have a read and get the general idea from this and other threads on where you want to go with regard to claiming you PPI.

aa

Hi

Appreciate your reply. It was April last year. At no time was I advised that I could obtain PPI elsewhere, nor did they tell me it was effectively another loan which would be added on top of the one I had taken with them. I feel now that the whole thing was very poorly presented to me, I honestly though that it would be PPI for the whole of the term and not just five years! Should I pursue this?

Thanks again.

Hello rickosza,

Appreciate your reply. It was April last year. (FSA ruling on PPI was 14 Jan 2005) At no time was I advised that I could obtain PPI elsewhere,(Not necessary at the time but see this link)http://www.competition-commission.or.../pdf/18-08.pdf
nor did they tell me it was effectively another loan which would be added on top of the one I had taken with them.(For this see this)Payment protection | Were you mis-sold PPI? | PPI - the rules
I feel now that the whole thing was very poorly presented to me, I honestly though that it would be PPI for the whole of the term and not just five years! Should I pursue this (YES)

Hope this helps I would check out the links and more threads on this forum to get a feel on the reclaim of PPI..

aa