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Business Overdraft Insurance Mis-sold


allymarky21
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Hi,

 

Can someone advise me please, this is going back a long time.

 

Back in 1998 my company went into administration leaving an overdraft of £7,600 with Lloyds.

 

At the time I had been paying overdraft insurance of £83 per month which I assumed covered me for my overdraft if anything went wrong,

however when I tried to claim I was told it did not cover me for insolvency and I would have to pay the debt back.

 

It then took me over 10 years to pay this amount and intrest back to the bank and their collection companies.

 

Do I have a claim for mis-sold insurance? as I do not understand what I was paying all that money for?

Thanks

Ally

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you most certainly do!

 

std PPI mis-selling me thinks.

 

have you any paperwork?

 

if you have

 

follow the link 3 in my sig

it will be compounded int me thinks at the OD rate too.

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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