Thread: Fos and the 6 Year Rule

I was sat on a bus earlier this morning when I was lucky enough to overhear a conversation between two members of staff from HBOS. I know this as they had HBOS badges on. It seemed that they must be involved in the department dealing with PPI reclaiming and they had some very interesting things to say. Should be a bit more careful i think!

It seems that the fos is starting to try and uphold PPI compaints regarding mis-selling on loans and other agreements taken out over 6 years ago. From what I could tell, this is for cases where the customer argues that they have only just been made aware that they could complain, because of the publicity, and the FOS agrees that the 6 years should run from that date, rather than the date of the mis-selling.

The two members of staff started to discuss how the bank was trying to argue against this but unfortunately they got off soon after and i didnt hear much else. They did seem pretty resigned to it though. Not happy bunnies though as this is potentially very costly.

If this is true it is definately worth a try if the FOS are starting to take this approach.

Apologies if this is already common knowledge.

Similar Threads:

• 6-Year Rule
• Six year rule help please
• Will the FOS help out on the 6 year rule
• The 6 year rule!!
• Six Year Rule