PPI is beginning to throw some money my way..Looking to buy an OLED tv and in particular the LG B7 Should I wait,
Nah, at the moment I am waiting for £5550 to clear and that is from just two claims, we are looking probably around 20 grand.
WTF were you paying the PPI's on for that?!? Also, buy us all a nice dinner, you'll have plenty of cash left over. Or some EA shares, after the Battlefront 2 debacle wiped 20% off their value you'll make a killing when they remind everyone that Madden and FIFA make enough money to buy Cuba.
Mortgage maybe. Someone I used to work with went for a mortgage with their bank, offered them an amazing rate as long as they took out point. Waited for the first payment to.come out then cancelled it. Bank were livid but couldn't do anything
I don't understand PPI and have made no effort to educate myself; do you get refunded what you paid in or do you get compensation for your troubles? I understand that asking such a basic question when connected to the internet is a cardinal sin, but Christmas.
Payment Protection Insurance. You take out a loan and then insurance on said loan that covers you if you are unable to pay it for example if you loose your job. It usually only covers you for a set amount of time. It may also cover you if you are unable to work due to sickness or if you killed yourself.
And many were mis-sold it, either because they were signed up to it without knowing, or had cicumstances where it would never have paid out anyway [like being self-employed]....
I worked for a bank where you had to specifically opt in for it on the online application, had it's own page. Then when you were sent the credit agreement, there was a separate form complete with t's&c's that you had to sign for it to be put on the loan/credit card. When it all kicked off (quite some time ago) I was on secondment in the complaints department and took great pleasure in sending people a copy of the agreement they signed when they were trying to get money back. Don't get me wrong, we actively sought out accounts where people would have been illegible and refunded them long before it became 'a thing', but if you could have claimed, tough poop. Read what you sign for, twice!
That's good for you, but then you also know that the bank is responsible for checking the applicant's eligibility. A lot of banks were simply applying PPI to every applicant who asked and ignoring eligibility rules, a few more were burying it in the T&Cs so people were signing one document to start making two sets of payments, without ever being told about the second. Whoever you were working for apparently had their ducks in order, but plenty were operating on the principle of doing a thing and hoping nobody notices.
Like me! Literally expecting a letter from NatWest (via RBS group) as soon as the post gets going again with a decision on my claim. It was best part of 10 years ago, but I do vaguely remember a smarmy bank representative pushing "payment insurance" on me - even though I was self-employed. Wouldn't be a lot, because it literally my first time applying for any kind of credit, but might give me some January sale play money!
I understand the PPI itself, but not the compensation; do the banks pay out what you paid in, or do they give you additional bunts to say sorry for mis-selling it to you in the first place?
IIRC they're meant to pay you back what you paid in along with a little extra to cover potential lost earnings.
The LG 2017 series is messed up - previous years there were differences in picture quality through the range, this year they're all identical. In the higher end models you pay (lots) extra for something that might look a bit snazzier with better speakers, making the B7 the pick of the bunch. Yes the G7 has a nicer soundbar, but you can get a hell of a lot nicer soundbar for the £2000+ extra it would cost you. Chances are you'll get as good a deal on the C7 as the B7 as well though, so make sure you check that out too.
