Payment protection insurance nothing but a scam

I think you should fill in one of the forms that you will find on the internet and sue them. If you need professional help though, this PPi Claims company http://www.ppiclaimcompany.co.uk
will be able to help you. Their service is good and you don't pay if you don't get your money back. I hired their service 2 years ago when I was missold a PPI and they won my case.I hope I was helpful.

Cheers,

Meri

I any one needs any help with ppi's please feel free to contact me lee@winnersandwinners.com

You are right to gripe about PPI and it has taken five years of lobbying and a competition commission enquiry and an independent FSA ruling to outlaw certain PPI products. There are now many cheaper PPI products out there from specialist companies that do actually cover you for ASU, but yes there are far too many exclusions for certain groups of people. The scenarios you point out were often worse for misselling and the number of claims are going to rise dramatically. The courts will sort out the thieves. I've been lobbying for yearas on the missellimng of PPI at my blog http://www.burgesses.com. nice post Sara

If there's one good thing to come out of this recession, it's that people are waking up to these kind of blatant rip-offs. There's nothing like a bit of penny-pinching to make us look over our bills and credit statements with a fine tooth comb. Only now did I notice on my credit card statement, the words "Payment Protection" and thinking "Do I actually need that? What is it?" because I was trying to save pennies. I am appalled with myself for not picking up on this earlier. But it seems there's thousands of others like me, waking up to this, and the Financial Ombudsman apparently is now swamped with PPI complaints to the tune of 800 per week!

I bought a sofa a couple of years ago off DFS. It was only £500 and we were going to pay for it then when I decided I may as well take out their 6 months defect for 12 interest free option and keep the interest myself. I has a screening baby at the time and was a bit casual when filling in the forms. Last month after paying it off when trying to make a claim for the scotchguard treatment (which I now doubt has been applied when comparing it with my carpet that has got it on) that I noticed that I had signed a form saying that they recomended that I should take out the PPI even though I told them we had savings and two good incomes. I worked in the finacial sector and basically the fact find would always recomend selling the PPI regardless as they obviously get commison from it. My mistake for not noticing has cost me £70 for nothing. I'm off to DFS to make their management sweat.

It never ceases to amaze me how people are so easily duped by the large financial institutions. Time to wake up and smell what's going down.

(I dunno why this didn't go through before, I am not spamming, this is not my first post nor will the site below charge anything or give me any referrel, just offering advice)

Hey this site helped me. http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

All financial institutions are there for one reason - to make money, even via scams. It's the same raw deal with breakdown insurance on some retail goods.

Follow a wise course (as many proponents do) of the sagely advice published in a well-known book: Set aside 10% of everything you earn.

There is insurance for everything now, and we can't be expected to afford it all. It's better to put a bit of dosh away for the unexpected rather than pin hopes on these silly insurance policies, that as you quite rightly say hardly every pay out. PPI Total rip of indeed.

I agree PPI is a rip off for how much they charge.

The premiums charged are worthy of being at high risk which they aren't, so it is a hyped-up premium to rip customers off which is more likely to fool the many who aren't very good with evaluating.

They try to sell it by stating the worst possible situations which are very unlikely.

What is more is they charge you based on your balance but only protect you based on your monthly payments. So if you have a balance of £5,000 but pay £100 monthly, then PPI which is charged monthly for monthly protection should be based on £100 and not £5,000.

They think many don't realise this, so if you didn't then now you do and please don't fall victim to these hyped-up premiums based on false risks.

Tell them where to go when they give you the spin and if you remember, ask why the monthly protection is based on the balance when the balance isn't what is being protected - they won't like that.