Claiming back PPI from RBS ?

[mikv]

I believe I was mi sold this as being necessary to cover my cards against online fraud when I was already disabled at the time before I applied for it ( I've been disabled since 2003 ) am I correct in assuming this , and if so has any one else had success in claiming back for these protection schemes ?

 

thanks folks,

 

mike

 

UPDATE* Forgot to mention they in spite of no filling out their renewal forms they have just taken the money out of my account any way , is that even legal ??

Edited October 1, 2013 by mikv

[mikv]

I believe I was mi sold this as being necessary to cover my cards against online fraud when I was already disabled at the time before I applied for it ( I've been disabled since 2003 ) some 5-6 yrs before I ever took out PPI.

 

It turns out too , that money for the PPI has just been taken out of my bank as well despite the fact I did not renew it .

 

Am I correct in assuming that this is something that would qualify a gross misrepresentation on the part of RBS and something I should be able to claim back for ?

 

I did not and never had had an overdraft , mortgage or any of the other things RBS mentions their PPI cover ( which they would have known ) ,and the fact I was already disabled would I assumed already have invalidated it any way

 

Payment Protection Insurance (PPI) is an optional insurance policy often taken with loans, mortgages, overdrafts, credit cards or store cards that could cover you if you can't meet your repayments in the event of involuntary unemployment, illness, accident, disability or death.

 

thanks folks,

 

mike

[ims21]

Two threads merged.

 

In your first post you say that this was to cover you against fraud. In which case it could be a card protection policy and there would only have been one annual payment.

 

If it was PPI then there would have been an amount added to the account each month that the card showed a balance due.

 

Whichever it was they are both reclaimable if mis-sold but the process for each is different.

 

Can you clarify which it is please? Do you have your statements?

[mikv]

Two threads merged.

 

In your first post you say that this was to cover you against fraud. In which case it could be a card protection policy and there would only have been one annual payment.

 

If it was PPI then there would have been an amount added to the account each month that the card showed a balance due.

 

Whichever it was they are both reclaimable if mis-sold but the process for each is different.

 

Can you clarify which it is please? Do you have your statements?

 

Hi,

 

It was actual the annual , which was £23.00 if I recall .

 

mike

[ims21]

Ok thanks.....was this "insurance" first taken out/applied in 2005 or later or did this happen before 2005?

[mikv]

Ok thanks.....was this "insurance" first taken out/applied in 2005 or later or did this happen before 2005?

 

no it was after, the whole reason I took it out was due to some online fraud that started in 08 then more serious event round 09-10 , I think Ive only been into overdraft x1 in my life .

 

mike

[ims21]

Ok thanks.

 

For Card Protection Policies you should shortly receive letters which will outline the proposal for redress and the instructions on what to do next.

 

This will involve voting "yes" for the proposed redress scheme.

 

When the redress scheme is approved (assuming the "yes" vote gets it) then repayments will be made in early 2014.

 

If you haven't received any such letters in the next couple of weeks I would ask the bank why you have not received them.

[mikv]

Thanks again, for your help

 

mike