Users' questions /

How was PPI charged on credit cards?

How was PPI charged on credit cards?

PPI policies sold with credit cards were normally paid for by monthly premiums, which were added to the monthly card balance. The cost of the premium was a percentage of the total balance owed for that month, and if the balance wasn’t repaid, then interest would be added.

Did Bank of Ireland sell PPI?

In 2015, Bank of Ireland entered into a partnership with The AA. PPI has not been sold alongside any Personal Loans, Credit Cards and Mortgages offered by The AA® under this partnership.

Can you still claim PPI in Ireland?

If your lender sold you PPI that you did not need, want or would benefit from then you can process PPI Claims. Most Payment Protection Insurance Policies are only underwritten when a claim is made which means that you may currently be paying for a policy that will not cover you when you need to use it.

Which banks mis-sold PPI list?

List of the Banks and Credit Cards that Sold PPI

  • Barclays Bank.
  • Barclaycard.
  • NatWest Bank.
  • Royal Bank of Scotland (RBS)
  • Lloyds Bank.
  • Lloyds TSB.
  • Halifax.
  • Bank of Scotland.

Can you claim PPI from a company that no longer exists?

If you have tried to make a PPI complaint, but found that your PPI company went bust, you shouldn’t let your claim go. There is a chance to reclaim your mis-sold PPI through other avenues.

What is a PPI loan?

A payment protection plan is an optional service offered by some credit card companies and lenders that lets a customer stop making minimum monthly payments on a loan or credit card balance during a period of involuntary unemployment or disability. It may also cancel the balance owed if the borrower dies.

How do I claim PPI back in Ireland?

Write to the bank or credit card company that sold you the PPI. Tell them in writing why you think it was mis-sold to you – listing the reason(s) (see above) and ask them for a refund of the premiums.

Did you take out a PPI policy in Ireland?

1) If you took out a PPI policy in Ireland since July 2007 you should have been contacted in 2014 by the bank that sold it to you. If the sale did not comply with the consumer protection code – you should have been offered a full refund of premium plus interest. ( Latest info on Review Progress Here)

How do I get my money back from PPI?

Write to the bank or credit card company that sold you the PPI. Tell them in writing why you think it was mis-sold to you – listing the reason (s) (see above) and ask them for a refund of the premiums. If the bank or lender refuses to give you a full refund you can then send a complaint to the Financial Services and pensions Ombudsman. (FSPO)

What is payment protection insurance or PPI?

If you took out a loan, a mortgage or got a credit card or an overdraft you were probably offered or sold an insurance policy to cover some or all of the repayments if you lost your job or got sick. This type of insurance is known as Payment Protection Insurance or PPI.

What is the bank of Ireland student credit card?

The Bank of Ireland Student Credit Card is specifically designed to suit your budget, lifestyle and financial needs. It is easy to apply for and subject to approval, gives you an immediate credit limit of €500 in your first or second year of full time study and up to €1,000 if you’re in third year or above of full time study.