Customer's debt wiped after MBNA PPI cock-up

1 October 2009

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Scores of loanees and credit cards holders could have their debts wiped following a landmark case involving mis-sold PPI (payment protection insurance).

Lynne Thorius of South Shields, Tyne & Wear was sold insurance in 2002 by MBNA that she didn’t want when she took out a credit card with them, and was charged thousands of pounds for it over a six-year period.

When she eventually contacted a claims management company, they told her she could be entitled to wipe the debt and a county court judge agreed earlier this week. Although the ruling doesn’t set a legal precedent, it could lead to a deluge of similar cases where PPI has been mis-sold.

Earlier this week, the Financial Services Authority announced that it wants 185,000 rejected complaints about PPI policies to be reopened and reinvestigated. This follows the revelation that financial companies had been rejecting 60 per cent of the PPI complaints they had received.

Of those rejected complaints, 16 per cent had been escalated to the Financial Ombudsman Service where 80 per cent were then upheld in the customer’s favour. This proves beyond all reasonable doubt that financial companies are all lying, cheating shitehawks.

TOPICS:   Scams

10 comments

  • Chris
    About bloody time too! These banks are all to blame for this supposed 'credit crisis'
  • lol
    lol shitehawks is a good phrase. i like boobies
  • svh
    about time too, these thieving companies were taught a lesson and stopped making people have unwanted PPI etc. Its all for the benefit of those chief execs remember thats why they want you to have PPI
  • The B.
    Yo i is pleezed with them handlin ma 200k a yaer and mum luvs them wid her ho's moniy aswel taa BG1
  • jdes26 F.
    [...] jdes26 vs lloyds tsb bank charges and cc You might also be interested in this too - Customer’s debt wiped after MBNA PPI cock-up | BitterWallet __________________ PLEASE NOTE - I am not a legal expert, what is stated is my own opinion and [...]
  • CCA F.
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  • Legality F.
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  • Charging F.
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