In a café today I read the papers report that the Government planned to charge visitors to the UK (intending to stay for more than 6 months) an amount (to be decided) to cover the possibility of medical care whilst they are here.
They hope to wipe out the current £200 million spent by the NHS taking care of foreigner who are require medical treatment whilst in the UK, the money would have to be paid before they can enter the UK and would be non-refundable and payable even if the person has adequate medical insurance.
How bad is that idea ? it's crap, unfair and difficult to police.
When has the money to be paid, before boarding the ship or plane ? at customs in the UK ? what if they say they haven't got it, sending them home is costly and takes a lot of organising.
Why do they need to pay if they have medical insurance.
Will the EU allow it.
I don't want to give the medical treatment for free, but I think we just have to make it law that they have adequate medical insurance to cover their stay and not just them but all short term visitors too.
Critics say it will affect those coming to the UK to study and they will lose much needed income at the Universities, stuff them the "here to study" ploy is widely abused and the cost to the UK by those abuse the ability to get here and not study is too great
They are banding figures of up to £1000 about, that will cut down on immigration of course, but will also deter some of the workers we do actually need coming here to work like Doctors and Nurses and others with specialist skills.
And it might not be enough money anyway, my ex took ill in Switzerland, she spent 10 days in hospital and the final bill was more than £21,000 (paid by a cheap travel insurance policy)
All we need to do is make every short or long term visitor have a passport and medical insurance and the problem would not only be solved but easier to administer and might make the NHS a profit on treating them instead of a loss not to mention being fair and more likely to pass EU scrutiny.
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Is it really that difficult
Sex God
Policing the NHS need not be that difficult.
Come up woith a verifiable National Insurance or NHS number or get your credit card out. Doctors and hospitals say that they should not have to police such a system - fine - give it to a private company and allow access to reception desks with payment on results.
That would soon sort the problem out.
Another good use for ID cards?....
Come up woith a verifiable National Insurance or NHS number or get your credit card out. Doctors and hospitals say that they should not have to police such a system - fine - give it to a private company and allow access to reception desks with payment on results.
That would soon sort the problem out.
Another good use for ID cards?....
I certainly would not want hospitals to have to police it as this puts them in an impossible position, if someone turns up at A&E with no certificate of having paid their fee on arrival and have no cash/credit card to pay is it right to ask hospital staff to tell the to go away and die somewhere away from the hospital grounds, or turn an ambulance away with victims of a car accident because there are none qualified casualties on board.
How would a hospital know that the people arrived in the UK after the payment scheme was introduced ?
It could only be policed by refusing entry at airports and docks to anyone that has to pay and doesn't.
But there really is no need to make them pay, just check they have suitable medical insurance when you check their passports at customs that means that whatever the cost of the treatment small or great it would not be paid for by United Kingdom taxpayer (that includes many foreigners).
The hospitals can then assume that anyone who turns up requiring treatment is either, an illegal immigrant, an immigrant that arrived before the new rules, entitled under UK immigration rules or a UK citizen. Everyone requiring hospital treatment at A&E (not referred by their Doctor) should produce their passport or proof of UK residency and if they are foreign their passport should be stamped with their date of arrival in the UK, those stamped after the new laws would then need to produce their insurance details, it is no more than we ask of foreign drivers who come here, they must have driving insurance.
Something should be done about a £200 million annual bill to British Taxpayers even if it is to get the EU to pay 3/4 of the cost.
Of course there is the question of what you do when someone who needs insurance turns up with a now invalid insurance policy and no cash, personally I would say treat them but contact the Home Office Immigration people to let them deal with what would happen after treatment has been given, ie make them pay, kick them out of the UK, make them get a policy for a continued stay here.
How would a hospital know that the people arrived in the UK after the payment scheme was introduced ?
It could only be policed by refusing entry at airports and docks to anyone that has to pay and doesn't.
But there really is no need to make them pay, just check they have suitable medical insurance when you check their passports at customs that means that whatever the cost of the treatment small or great it would not be paid for by United Kingdom taxpayer (that includes many foreigners).
The hospitals can then assume that anyone who turns up requiring treatment is either, an illegal immigrant, an immigrant that arrived before the new rules, entitled under UK immigration rules or a UK citizen. Everyone requiring hospital treatment at A&E (not referred by their Doctor) should produce their passport or proof of UK residency and if they are foreign their passport should be stamped with their date of arrival in the UK, those stamped after the new laws would then need to produce their insurance details, it is no more than we ask of foreign drivers who come here, they must have driving insurance.
Something should be done about a £200 million annual bill to British Taxpayers even if it is to get the EU to pay 3/4 of the cost.
Of course there is the question of what you do when someone who needs insurance turns up with a now invalid insurance policy and no cash, personally I would say treat them but contact the Home Office Immigration people to let them deal with what would happen after treatment has been given, ie make them pay, kick them out of the UK, make them get a policy for a continued stay here.
I did apologise Max and said it was in the Sun but that is not all bad because it does create debate about the subject.
Truth is we do need to do something about the £200 million we currently spend on treatment of non-UK taxpayers. it should not matter if they are members of the EU or not, a relatively cheap travel insurance policy is a simple answer to the entitlement problem, if they can afford to travel here for holidays or to attend Uni or to work they can afford the policy.
I doubt there are many here that would travel abroad without travel insurance.
I don't care if the coalition are doing it because of the UKIP vote, I don't care who closes the loopholes something should be done, the £200 million a year should be spent by the NHS on UK taxpayers and the funding they need for others should come from the insurance companies.
Truth is we do need to do something about the £200 million we currently spend on treatment of non-UK taxpayers. it should not matter if they are members of the EU or not, a relatively cheap travel insurance policy is a simple answer to the entitlement problem, if they can afford to travel here for holidays or to attend Uni or to work they can afford the policy.
I doubt there are many here that would travel abroad without travel insurance.
I don't care if the coalition are doing it because of the UKIP vote, I don't care who closes the loopholes something should be done, the £200 million a year should be spent by the NHS on UK taxpayers and the funding they need for others should come from the insurance companies.
More than likely, the £200m saved by such a scheme will be added to the humongous amount already paid off to 3rd world Junta's ....
As for people being told to go off and die elsewhere, it just wouldn't happen, would it. That might have been the case in the past in the States (the ambulance crew ask for your insurance before they load you on to the stretcher) but here in France, as an example, you are treated and if you can't support it with a health card <<Carte Vitale>> they send you the bill.
How you pay the bill depends on a number of things. If you are supported (in Europe) by an EHIC all is fine and dandy. The 'home' State picks up the tab but you have to submit it (in UK to Newcastle). If insured for the difference or top-up, to your insurer.
But the principle remains the same. You are treated and not left to die in the hospital car park.
I wish the same could sometimes be said about the beloved NHS. There are seemingly still incidents where people are left to die in corridors on hospital trolleys
As for people being told to go off and die elsewhere, it just wouldn't happen, would it. That might have been the case in the past in the States (the ambulance crew ask for your insurance before they load you on to the stretcher) but here in France, as an example, you are treated and if you can't support it with a health card <<Carte Vitale>> they send you the bill.
How you pay the bill depends on a number of things. If you are supported (in Europe) by an EHIC all is fine and dandy. The 'home' State picks up the tab but you have to submit it (in UK to Newcastle). If insured for the difference or top-up, to your insurer.
But the principle remains the same. You are treated and not left to die in the hospital car park.
I wish the same could sometimes be said about the beloved NHS. There are seemingly still incidents where people are left to die in corridors on hospital trolleys
Quote by MidsCouple24
I did apologise Max and said it was in the Sun but that is not all bad because it does create debate about the subject.
Yes it does create debate on the fact that the original information you supplied was wrong. I shall have to do that next time I say something that is wrong and reply, that at least it does create debate.
Pity the Government did not put this same kind of energy into getting the banks to pay back the money they have swindled/stolen ( take your pick ).
The Libor rate scandal I have not heard anything about now for an age, and if it is 200 million pounds for the NHS, that is small change to the amount of money of just the Libor rigging. It seems the banks and the bankers can pretty much do what they like and seem to get away with it, and their fiddles run into billions of pounds.
The Libor rate scandal I have not heard anything about now for an age, and if it is 200 million pounds for the NHS, that is small change to the amount of money of just the Libor rigging. It seems the banks and the bankers can pretty much do what they like and seem to get away with it, and their fiddles run into billions of pounds.
Sex God
I love the way that people throw around the expression - "Libor scandal."
This so called scandal would have hardly any effect whatsoever on the average person. The biggest "banking" scandal of all was some dick head agreeing that people are generally too stupid to have understood what PPI was and so open the gates to the worst excesses of putrid direct selling that this country has ever seen as everyone is hounded day and night to claim back something they probably took out perfectly legitimately in the first place.
Welcome to Britain where we care for stupid people and we make other people pay for their stupidity.
This so called scandal would have hardly any effect whatsoever on the average person. The biggest "banking" scandal of all was some dick head agreeing that people are generally too stupid to have understood what PPI was and so open the gates to the worst excesses of putrid direct selling that this country has ever seen as everyone is hounded day and night to claim back something they probably took out perfectly legitimately in the first place.
Welcome to Britain where we care for stupid people and we make other people pay for their stupidity.
Quote by starlightcouple
Pity the Government did not put this same kind of energy into getting the banks to pay back the money they have swindled/stolen ( take your pick ).
The Libor rate scandal I have not heard anything about now for an age, and if it is 200 million pounds for the NHS, that is small change to the amount of money of just the Libor rigging. It seems the banks and the bankers can pretty much do what they like and seem to get away with it, and their fiddles run into billions of pounds.
You're right star.
Watching from afar and not, thankfully, needing their services, I was amazed to see that the UK Government had decided to do absolutely NOTHING to stop the appalling and grossly inflated interest rate imposed by the so called pay day loan industry. Yet another disgusting banking free for all seriously affecting people's lives about which the Government see fit to do nothing but allow the robbing bastards free reign to do as they please.
The poor get shagged again by Cameron's vision of a Britain where 'we're all in it together'
They won't wont be getting my vote at the nex GE for sure, bunch of self serving wankers.
And neither will UKIP of course :lol2:
Or the liberals...
Errrrrr.... Who's left :confused:
Oh no, not the two 'Eds :scared:
Quote by GnV
Pity the Government did not put this same kind of energy into getting the banks to pay back the money they have swindled/stolen ( take your pick ).
The Libor rate scandal I have not heard anything about now for an age, and if it is 200 million pounds for the NHS, that is small change to the amount of money of just the Libor rigging. It seems the banks and the bankers can pretty much do what they like and seem to get away with it, and their fiddles run into billions of pounds.
You're right star.
Watching from afar and not, thankfully, needing their services, I was amazed to see that the UK Government had decided to do absolutely NOTHING to stop the appalling and grossly inflated interest rate imposed by the so called pay day loan industry. Yet another disgusting banking free for all seriously affecting people's lives about which the Government see fit to do nothing but allow the robbing bastards free reign to do as they please.
The poor get shagged again by Cameron's vision of a Britain where 'we're all in it together'
They won't wont be getting my vote at the nex GE for sure, bunch of self serving wankers.
And neither will UKIP of course :lol2:
Or the liberals...
Errrrrr.... Who's left :confused:
Oh no, not the two 'Eds :scared:
Seems not everyone agrees about the banks GnV. Seems that people are just too fucking stupid to understand when they are getting ripped off, so basically tough shit. See where I am coming from G ? :roll: Same old people eh?
Also G as someone wrote:
Well it was not just miss selling to the " dick heads ", but fraudulently miss selling to the " dick heads ", like some of the examples below.
you were told that you would only get the loan, mortgage or credit card if you also took out PPI
PPI was added automatically and you were not told that it was optional
PPI wasn’t suitable for you because you were self-employed, on a contract, or a part-time worker, or if you weren’t working, were unemployed or had retired
you weren’t told what the policy covered or didn’t cover. For example, that medical problems you had when you took out the policy wouldn’t be covered.
So applying for a loan or mortgage and being told by someone representing that loan company, be it a Bank or Building Society, that you would not get that loan if you did not take out their PPI, is it seems to some perfectly legitimate. Anyone not understanding at the time they were being conned into taking out that loan, are basically as thick as shit and deserved it. Nice eh? Thankfully the banking industry have paid out billions of pounds as the REAL experts on this subject saw it for what it was......fraud and deception.
Quote by An expert
The biggest "banking" scandal of all was some dick head agreeing that people are generally too stupid to have understood what PPI was and so open the gates to the worst excesses of putrid direct selling that this country has ever seen as everyone is hounded day and night to claim back something they probably took out perfectly legitimately in the first place.
Well it was not just miss selling to the " dick heads ", but fraudulently miss selling to the " dick heads ", like some of the examples below.
you were told that you would only get the loan, mortgage or credit card if you also took out PPI
PPI was added automatically and you were not told that it was optional
PPI wasn’t suitable for you because you were self-employed, on a contract, or a part-time worker, or if you weren’t working, were unemployed or had retired
you weren’t told what the policy covered or didn’t cover. For example, that medical problems you had when you took out the policy wouldn’t be covered.
So applying for a loan or mortgage and being told by someone representing that loan company, be it a Bank or Building Society, that you would not get that loan if you did not take out their PPI, is it seems to some perfectly legitimate. Anyone not understanding at the time they were being conned into taking out that loan, are basically as thick as shit and deserved it. Nice eh? Thankfully the banking industry have paid out billions of pounds as the REAL experts on this subject saw it for what it was......fraud and deception.
Sex God
Quote by starlightcouple
Also G as someone wrote:
The biggest "banking" scandal of all was some dick head agreeing that people are generally too stupid to have understood what PPI was and so open the gates to the worst excesses of putrid direct selling that this country has ever seen as everyone is hounded day and night to claim back something they probably took out perfectly legitimately in the first place.
Well it was not just miss selling to the " dick heads ", but fraudulently miss selling to the " dick heads ", like some of the examples below.
you were told that you would only get the loan, mortgage or credit card if you also took out PPI
PPI was added automatically and you were not told that it was optional
PPI wasn’t suitable for you because you were self-employed, on a contract, or a part-time worker, or if you weren’t working, were unemployed or had retired
you weren’t told what the policy covered or didn’t cover. For example, that medical problems you had when you took out the policy wouldn’t be covered.
So applying for a loan or mortgage and being told by someone representing that loan company, be it a Bank or Building Society, that you would not get that loan if you did not take out their PPI, is it seems to some perfectly legitimate. Anyone not understanding at the time they were being conned into taking out that loan, are basically as thick as shit and deserved it. Nice eh? Thankfully the banking industry have paid out billions of pounds as the REAL experts on this subject saw it for what it was......fraud and deception.
You are just showing your ignorance.
The vast majority of "deceptions" were not carried out by banks - it may have been the bank that lent the money ultimately but the selling was committed by (for example) - Car showrooms, kitchen fitters (MFI was big on it), Timeshare Companies and basically all retailers of high value consumer products. Lloyds bank did not tell customers that they could not have a loan without PPI - all that happened was that third party retailers were offering the product and it was they, not the banks who should have been brought to book on a case by case basis. Holding the banks wholesale responsible for the actions of loan sellers who themselves would have to have a CCL was wrong. Each case should have been handled as a one off with the seller of the product not a general assumption that ALL PPI was mis-sold and that it was the lenders fault. The reality is that it was easier to go for a small number of suppliers (banks) rather than hundreds (if not thousands) of retailers who actually sold the PPI.
As for the LIBOR scandal - banks were accused of keeping the rate low .... Fuck me, surprise, surprise it is still low now long after the so called scandal and no one in the street really got affected one way or the other.
I wonder what would happen if the big banks just got fed up of all this banker bashing and up sticks and moved to Geneva. What a loss to the UK treasury that would be.
Sex God
Quote by MidsCouple24
They hope to wipe out the current £200 million spent by the NHS taking care of foreigner who are require medical treatment whilst in the UK............
According to the Health Minister it is £12 million. The NHS budget is £110 Billion (one hundred and ten thousand, million).
If the Ministers figure is true, the loss amounts to % of the NHS budget. If the figure is more like £200 million then the loss amounts to % of the budget.
For the most part I agree with that HOT, but for one thing, I think the way if has worked out the banks rarely fight the case because of the higher cost of fighting in courts than the compensation being paid, they are caught between a rock and a hard place, trying to prove that the PPI was not sold under dodgy or fraudulent circumstances would be extremely difficult, the salespersons themselves would have to give testimony and it would often be "his/her word against yours". This is one of the reasons that these days "this conversation may be recorded for training purposes" is the norm of the day.
So whilst the banks appear to be paying out in just about all cases they were not made too in a way other than it's the cheaper option for them. I don't have much sympathy for them but in this case they are often Guilty until proved innocent on each individual case.
Your right everyone with a high value product to sell, kitchens, cars, bedrooms, windows, all pushed the PPI as a former kitchen salesman for one of the National Companies I was highly incentivised financially to sell HP and double so to sell HP with PPI, my commission rates could rise from a basic 3% for an order to as much as 20% for an order taken out with company finance over 10 years with PPI.
So whilst the banks appear to be paying out in just about all cases they were not made too in a way other than it's the cheaper option for them. I don't have much sympathy for them but in this case they are often Guilty until proved innocent on each individual case.
Your right everyone with a high value product to sell, kitchens, cars, bedrooms, windows, all pushed the PPI as a former kitchen salesman for one of the National Companies I was highly incentivised financially to sell HP and double so to sell HP with PPI, my commission rates could rise from a basic 3% for an order to as much as 20% for an order taken out with company finance over 10 years with PPI.
Sex God
Quote by MidsCouple24
For the most part I agree with that HOT, but for one thing, I think the way if has worked out the banks rarely fight the case because of the higher cost of fighting in courts than the compensation being paid, they are caught between a rock and a hard place, trying to prove that the PPI was not sold under dodgy or fraudulent circumstances would be extremely difficult, the salespersons themselves would have to give testimony and it would often be "his/her word against yours". This is one of the reasons that these days "this conversation may be recorded for training purposes" is the norm of the day.
So whilst the banks appear to be paying out in just about all cases they were not made too in a way other than it's the cheaper option for them. I don't have much sympathy for them but in this case they are often Guilty until proved innocent on each individual case.
Your right everyone with a high value product to sell, kitchens, cars, bedrooms, windows, all pushed the PPI as a former kitchen salesman for one of the National Companies I was highly incentivised financially to sell HP and double so to sell HP with PPI, my commission rates could rise from a basic 3% for an order to as much as 20% for an order taken out with company finance over 10 years with PPI.
So it's all your fault then? Have a word with Star please - he is convinced that Betty on the front desk of his local LLoyds TSB is a bit of a shark. If fact it was you all along - not Betty.
Well well.........What a surprise.
Some people blame everyone else except the banks. I mean not a single bank worker ever miss sold PPI, to bolster their figures. I mean Lloyds bank are paying out hundreds of millions of pounds, if not billions for nothing. Don't you just feel for the poor old banks.
One major High Street bank sold almost £400m of PPI with their financial products, making a gross profit margin of 80%. The sale of such policies was typically encouraged by large commissions, as the insurance would commonly make the bank/provider more money than the interest on the original loan, such that many mainstream personal loan providers made little or no profit on the loans themselves; all or almost all profit was derived from PPIcommission and profit share. Certain companies developed sales scripts which guided salespeople to say only that the loan was “protected” without mentioning the nature or cost of the insurance. When challenged by the customer, they sometimes incorrectly stated that this insurance improved the borrower's chances of getting the loan or that it was mandatory. A consumer in financial difficulty is unlikely to further question the policy and risk the loan being refused.
I do not think knowing what we now know, that anyone is under any illusions as to the banks involvement in all this.
Some people blame everyone else except the banks. I mean not a single bank worker ever miss sold PPI, to bolster their figures. I mean Lloyds bank are paying out hundreds of millions of pounds, if not billions for nothing. Don't you just feel for the poor old banks.
One major High Street bank sold almost £400m of PPI with their financial products, making a gross profit margin of 80%. The sale of such policies was typically encouraged by large commissions, as the insurance would commonly make the bank/provider more money than the interest on the original loan, such that many mainstream personal loan providers made little or no profit on the loans themselves; all or almost all profit was derived from PPIcommission and profit share. Certain companies developed sales scripts which guided salespeople to say only that the loan was “protected” without mentioning the nature or cost of the insurance. When challenged by the customer, they sometimes incorrectly stated that this insurance improved the borrower's chances of getting the loan or that it was mandatory. A consumer in financial difficulty is unlikely to further question the policy and risk the loan being refused.
I do not think knowing what we now know, that anyone is under any illusions as to the banks involvement in all this.
I think what some of us are saying is, YES, the banks did it, but they were not the only ones, what about the others, why are MFI, Kitchens, Direct, Moben Kitchens, Anglia Windows, Magnet, Dolphin showers, Limelight Bedrooms, Wilson & Glick and many others not being made to repay the misold PPI ?
Quote by MidsCouple24
I think what some of us are saying is, YES, the banks did it, but they were not the only ones, what about the others, why are MFI, Kitchens, Direct, Moben Kitchens, Anglia Windows, Magnet, Dolphin showers, Limelight Bedrooms, Wilson & Glick and many others not being made to repay the misold PPI ?
I have had a quick look around and do not know the answer to that one Mids. I know that MFI have gone bust so that would be impossible to get money back from, but there must surely be a logical reason why only the banks have to pay the money back. I know Rob is good at finding things out, maybe Rob can have a search around?
I am sure the Financial Ombudsman would have the answers.
Sex God
The answer is just the same as when we complain about speed camera's.
Easy target, easy money.
I can't believe that there has ever been any other mis-selling verdict or ruling in history can has resulted in the same illegal, immoral and downright irritating pursuance of settlement by unregulated marketing companies. Every shyster that I know in the north west is "in to PPI reclaim."
I hold an opinion that in the fullness of time, the PPI verdict and the way that unregulated pursuance has been permitted will see the consequence of the ruling to have been more harmful than the so called mis selling issues that were called into question in the first instance. Especially as the culprits of the face to face mis selling were rarely bank staff.
Easy target, easy money.
I can't believe that there has ever been any other mis-selling verdict or ruling in history can has resulted in the same illegal, immoral and downright irritating pursuance of settlement by unregulated marketing companies. Every shyster that I know in the north west is "in to PPI reclaim."
I hold an opinion that in the fullness of time, the PPI verdict and the way that unregulated pursuance has been permitted will see the consequence of the ruling to have been more harmful than the so called mis selling issues that were called into question in the first instance. Especially as the culprits of the face to face mis selling were rarely bank staff.
I don't complain about speed cameras, we don't have them in Staffordshire , well not fixed ones anyway but there are 4 cars used to catch speeders in the county.
I agree, we will all have to pay for the billions of pounds being refunded in PPI payments, the banks will survive and will claw the money back in other ways, but at the same time I can't just accept "we caught them doing wrong but won't be doing anything about it" idea either.
Unfortunately the thing that causes the problem was the deregulation of advertising for solicitors and firms employed by solicitors, when it was announced that solicitors would be allowed to solicit, advertise their wares like any other business the critics said it would turn us into a nation of claimers and be bad in the long term, they appear to have been right.
, well not fixed ones anyway but there are 4 cars used to catch speeders in the county.I agree, we will all have to pay for the billions of pounds being refunded in PPI payments, the banks will survive and will claw the money back in other ways, but at the same time I can't just accept "we caught them doing wrong but won't be doing anything about it" idea either.
Unfortunately the thing that causes the problem was the deregulation of advertising for solicitors and firms employed by solicitors, when it was announced that solicitors would be allowed to solicit, advertise their wares like any other business the critics said it would turn us into a nation of claimers and be bad in the long term, they appear to have been right.
Sex God
Quote by starlightcouple
I think what some of us are saying is, YES, the banks did it, but they were not the only ones, what about the others, why are MFI, Kitchens, Direct, Moben Kitchens, Anglia Windows, Magnet, Dolphin showers, Limelight Bedrooms, Wilson & Glick and many others not being made to repay the misold PPI ?
I have had a quick look around and do not know the answer to that one Mids. I know that MFI have gone bust so that would be impossible to get money back from, but there must surely be a logical reason why only the banks have to pay the money back. I know Rob is good at finding things out, maybe Rob can have a search around?
I am sure the Financial Ombudsman would have the answers.
any finance that has a ppi connected is liable for ppi claims but only if has been deemed to be mis-sold
Lloyd's TSB seem to be paying regardless but then its not their money is it :crazy: but some are happy to go as far as the high court.
funny enough I'm currently waiting for a mortgage settlement regards ppi and am probably looking my mortgage being paid off so i like the whole thing
Sex God
Quote by Lizaleanrob
I think what some of us are saying is, YES, the banks did it, but they were not the only ones, what about the others, why are MFI, Kitchens, Direct, Moben Kitchens, Anglia Windows, Magnet, Dolphin showers, Limelight Bedrooms, Wilson & Glick and many others not being made to repay the misold PPI ?
I have had a quick look around and do not know the answer to that one Mids. I know that MFI have gone bust so that would be impossible to get money back from, but there must surely be a logical reason why only the banks have to pay the money back. I know Rob is good at finding things out, maybe Rob can have a search around?
I am sure the Financial Ombudsman would have the answers.
any finance that has a ppi connected is liable for ppi claims but only if has been deemed to be mis-sold
Lloyd's TSB seem to be paying regardless but then its not their money is it :crazy: but some are happy to go as far as the high court.
funny enough I'm currently waiting for a mortgage settlement regards ppi and am probably looking my mortgage being paid off so i like the whole thing
And therein, in a nutshell, is the problem. A compensation claim large enough to pay off a mortgage on what may or may not have been sold to you illegally / immorally or in fact honestly. One word against another but a State sponsored admission of guilt is a pot of free money far outstripping the weight of the initial "crime" that was committed.
I can just imagine the next step in this sorry saga of compensation claims being made against banks for mis selling interest only mortgages and not making it clear that the mortgage might have to be paid off one day.
Sex God
Quote by Too Hot
I think what some of us are saying is, YES, the banks did it, but they were not the only ones, what about the others, why are MFI, Kitchens, Direct, Moben Kitchens, Anglia Windows, Magnet, Dolphin showers, Limelight Bedrooms, Wilson & Glick and many others not being made to repay the misold PPI ?
I have had a quick look around and do not know the answer to that one Mids. I know that MFI have gone bust so that would be impossible to get money back from, but there must surely be a logical reason why only the banks have to pay the money back. I know Rob is good at finding things out, maybe Rob can have a search around?
I am sure the Financial Ombudsman would have the answers.
any finance that has a ppi connected is liable for ppi claims but only if has been deemed to be mis-sold
Lloyd's TSB seem to be paying regardless but then its not their money is it :crazy: but some are happy to go as far as the high court.
funny enough I'm currently waiting for a mortgage settlement regards ppi and am probably looking my mortgage being paid off so i like the whole thing
And therein, in a nutshell, is the problem. A compensation claim large enough to pay off a mortgage on what may or may not have been sold to you illegally / immorally or in fact honestly. One word against another but a State sponsored admission of guilt is a pot of free money far outstripping the weight of the initial "crime" that was committed.
I can just imagine the next step in this sorry saga of compensation claims being made against banks for mis selling interest only mortgages and not making it clear that the mortgage might have to be paid off one day.
one mans joy will always be another's misery, in my case the tax payer as mine is a state owned mortgage company, who at the time insisted that i take out ppi due to the fact i was self employed, when in fact i was employed by two different companies.
Sex God
Quote by GnV
I also was self employed but never had an insistence that I take out PPI. It was always offered and I always declined. The PPI refusal deal was always sealed when I asked them if they covered my private flying activities
(Remembers conversations on the lines of "you do what? Errrr, no. ")
as a ltd company i think you`ll find your employed :wink:
Quote by Lizaleanrob
I also was self employed but never had an insistence that I take out PPI. It was always offered and I always declined. The PPI refusal deal was always sealed when I asked them if they covered my private flying activities
(Remembers conversations on the lines of "you do what? Errrr, no. ")
as a ltd company i think you`ll find your employed :wink:
I wasn't employed, I was self employed. There was no trading limited company
Sex God
Quote by GnV
I also was self employed but never had an insistence that I take out PPI. It was always offered and I always declined. The PPI refusal deal was always sealed when I asked them if they covered my private flying activities
(Remembers conversations on the lines of "you do what? Errrr, no. ")
as a ltd company i think you`ll find your employed :wink:
I wasn't employed, I was self employed. There was no trading limited company
what!! you missed out on all them ltd company tax breaks
