'PPI' or product protection insurance
 

I have just watched Playback on BBC2 Martin Lewis explaining the ambiguities of PPI, how to get your money back due to miss selling. If you have a medical problem or are under medication, say for a heart condition, you will get nothing..If you tell them later you can still claim the money back, although after the first contact will probably refuse, keep 'dogging' them as eventually you have a 90% chance of success, as they should ask you. They will say it is the 'small' print, but it should be in large print. If all else fails threaten to go to Trading Standards and they will probably settle as thet don't like hasstle or extra expense, one man got £11.000 quid back another Breast Cancer victim got all hers back. After all you will be no worse off if you get nowt.
There are'template' letters on the internet if you google it.

Re: 'PPI' or product protection insurance
 

Thanks for the info Ian. I read that Credit Card Insurance is a prime example, along with loans, store cards or catalogue credit. In most cases they dont even bother to tell you about the insurance aspect and just charge you for it. An example might be being sold unemployment cover if you are unemplyed or retired. I think Margaret Rothwell posted a link to a site for information on this, cant seem to locate the thread though, so I have added this.

Money Saving Expert

Re: 'PPI' or product protection insurance
 

Yes creditcard PPI is relavent to your debt, thats how that bloke got 12 grand back, he'd been paying for years with heart trouble. Anyone daft enough to give me a credit card would get slammed with paying for my funeral. remember this they can't get blood out of a stone.Iv'e napped them all in my time they deserve ripping off with APR30% aprox:D:p:D

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If you leave a credit card debt when you die isn't your next of kin responsible for paying it?
Yes in a sense you are but if you can prove there is no money left in the deceased's estate the debt is written off.

Re: 'PPI' or product protection insurance
 

Re: 'PPI' or product protection insurance
 

Creit card debts are unsecured loans hense the high interest rates, If you leave little or nothing the are the very last to get anything, people who use credit cards as 'stop' gap and pay intrest are unlikely to leave much, They work on the theory that there are more good payers than bad. These days people are more 'wised' up and ignore threatening lettersm its called FITB, (file in the bin);)You should have pushed for a retun on your late relatives insurance, like the man said "nothing more lost."

Re: 'PPI' or product protection insurance
 

He must have left money, she should have 'lost it' or told them he died pennyless as my mam did with dad's 2 c/card accounts, they just said cut them up and send them back, we binned them. Mams remarks prompted my statement, she said "If dad had have knwn that he would have payed for his funeral with them":DShe was off Jewish stock, god bless them both.

Re: 'PPI' or product protection insurance
 

Re: 'PPI' or product protection insurance
 

Ian's dad had a credit card debt when he died and his mum was worrying about paying it back. It wasn't a big debt and I don't for one minute think the intention was to borrow money and not repay it. When Ian phoned the company they told him that his mum didn't have to pay the balance, just to destroy the card.

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We are going back about twenty years with Ian's dad, no idea what would happen now.

Re: 'PPI' or product protection insurance
 

Unless the card was in joint names she had no liabilaty and no obligation to pay it. They may have 'bullied' her ? I can assure you if you die skint, they can not go elswhere for payment unless you are a guaruntor of the debt. He may have left property to her? Then I do not no what happens. either way only tell them what you want them to know and let them play Sherlock homes. If the debt is below £i.000 they try it on, but not to far, If you embark on the rocky road of 'eternal damnation' credit card to prop you up, and not as a cash substiitute, get as many as you can and keep them bellow £1.000.The chances of all of them 'going for you at the same time is slim, this buyes you time, and if you go wallop they only get tuppence a week each. Lord I wish I could get back on the 'bandwaggon' :D

Re: 'PPI' or product protection insurance
 

Re: 'PPI' or product protection insurance
 

He was one smart man willow she should have told them to screw it, if you don't they will screw whoever they can. The last thing c/card companies want is county court 'toothless bulldog' courts, it just cost them more, they have to pay up front to take you, if you have nowt they still get nowt plus the court costs. They deserve all the the stick they get. The Interest rates govern the conditions of the loan, the more secure the lower the interest.

Re: 'PPI' or product protection insurance
 

The only person responsible for a debt is the person who took it on unless they had a guarantor or a co signatory to the debt.

The banks issuing credit cards want people to believe that if the CC owner dies the next of kin are liable for any outstanding balance. But they aren’t and never have been.

In days gone by when taking out a bank loan, the bank required the signature of the spouse allegedly as a witness. The reality was that they unknowingly became a co signatory to the loan.

The only person liable for the CC debt is the deceased, or rather his/her estate, unless there is more than one person assigned to the CC. In that case the survivor shoulders the burden.

If the CC were for one person then the balance due would be way down the line if for instance there were an outstanding Income Tax/National Insurance/VAT debt. Unless it could be proved that the deceased had deliberately gone on a spending spree from his deathbed. Even then it wouldn’t be at the top of the list.

Re: 'PPI' or product protection insurance
 

That is quite correct jambutty, it has never ceased to amaze me how the normal 'man in the street' are so easily intimidated. letters spewed out by the thousand, these are then personalised with a name and address. Any white windowed letter with, "this is not a circular" boldly printed on the front, should be chucked directly into the bin. Then you get the real good one, threatening a home visit. Cobblers!

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Jambutty is correct. As I deal with debt on a daily basis...not mine you must understand... The debt does indeed die with the debtor and can only be repaid by their estate and then only if the creditor can show they have a legal right to part of that estate

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Re: 'PPI' or product protection insurance
 

It has been the case for many years, but unfortunately because as Ianto has said the "normal man on the street" doesn't know this the creditors have a nasty habit of trying to reclaim the debt from anyone they can as they don't like to have to write it off!!!

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Re: 'PPI' or product protection insurance
 

But usually with bank loans (especially a while ago, sorry willow) there is some security to back the loans up, hence there being some money in the estate after the debtor has passed away... so that may well be why you didn't come across it in the bank

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Re: 'PPI' or product protection insurance
 

Credit Cards were a licence to print money in my day as were the £50.00 cheque guarantee card, all you needed was plenty of cheque books an plenty of petrol to get you to the next bank. Before anyone asks the cheque books were easily available by ripping the book nearly empty page out and getting another a day or two after. You then had 7 days to make money and pay it in before the cheques hit the bank oh happy days.

Re: 'PPI' or product protection insurance
 

If anyone has been trying to access the Moneysaving expert website to download a form to reclaim PPI charges - you need to know that the site was SABOTAGED for a few days.
I get the Martin Lewis emails and got this today -

(extract) -"MoneySavingExpert.com Attacked! Since last Friday the site has been the target of a massive, deliberate DDOS attack. Put simply, someone’s been simulating billions of visitors to crash the servers; and for three days it worked (read more). It's mostly fixed, but if you find a problem or slowness, please stick with us.

This may’ve saved the banks £10s millions. The attack coincided with the launch of the PPI reclaiming campaign and my ITV Tonight programme (watch it) programme on reclaiming. Let me make it clear, I don’t think the banks are behind it. Yet I do think it's likely the timing was deliberate to cause maximum damage to the site; and a by-product is it's probably saved the banks £10s millions.

I need every MoneySaver's help. The PPI campaign's momentum has been lost; many 1,000s came for the free template letters and only got an error page. Please spread the word at the water-cooler, the pub, e-mail your mates, at family get togethers. Ask them “have you got insurance on a loan, credit card or mortgage?”. If they have tell them “you may’ve been missold it and could get thousands back…” and direct them to the article. Don’t let those who tried to kill the site win.

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Sounds like 'the establishment's' dirty tricks brigade are at work, they will stop at nothing in their quest for our hard earned money. People need educating that these are not gods, but companies making their own illegal rules up.If the bank sent me a 'charge for a letter, I used to write back and double the charge, they soon got the message, mind you I was in a strong financial state at that time.when the racing is on TV where do all these parasites come from? We are paying for it by being ripped off by their investments, profit at all costs and no concience. It is high time they nationalised the banks and the everyone got a piece of the pie, not just a favoured few with inherited money lying in banks.