PPI bonanza

[MrBen]

Yeah I know...but don't yawn. If you've had any credit card or high street bank loan in the past 10 years, now is a truly, monumentally, GOLDEN opportunity to claim back any PPI premiums you may have been asked to pay. The past months wranglings have seen the banks totally fold to the Ombudsman in what basically amounts to a full scale admission of liability in misselling.

Back In my post uni debt days I'd had a rolling loan from 2001-2008 and a few credit cards, used to supplement my meagre salary/buy guitars/ visit various wanton women. They were all paid off back in 2009, but in July this year I thought I'd call LTSB up in June to register a complaint regardless as their PPI was a condition of lending.

Result? I've just received a straight up letter simply offering to pay me all of my premiums back + any loan interest incurred on those premiums + general interest at 8%. Over 7 years, this all adds up to a fair whack on a compound interest basis and I now have a rather tidy cheque winging its way to me. As in enough to pay for a vintage Gibson 335/loads of drugs/er...new curtains.

So if this is you, strike whilst the iron's hot. You don't need a lawyer/shady claim back firm. Just call them up.

(you are now free to return to the demise of the USA thread)