| Welcome to www.saynotoyes.co.uk. We hope you enjoy your visit. You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free. Join our community! If you're already a member please log in to your account to access all of our features: |
| Payment Protection Insurance Requirements; What is required | |
|---|---|
| Topic Started: Mar 7 2007, 11:46 PM (113 Views) | |
| shanemjoyce | Mar 7 2007, 11:46 PM Post #1 |
|
Hi All Can anyone tell me where i will find the requirements that must be met in order to qualify for PPI to be sold to a person. When I was sold PPI from DAF i was only in the country a few weeks, Was not in full time employment but training for a permanent job. and obviously had a cr  p credit rating as i was new to the country.I think iread someplace that one needs to be at lease 6 months in the country before being offered this insurance and must be in employment for a minimum length of time also. Any advice would be appreciated. Thanks all SMJ |
 |
 
|
| jenni | Mar 8 2007, 09:57 AM Post #2 |
www.saynotoyes.co.uk
|
from most of the sites I have read you can get PPI as long as you are over 18 and resident in the country. I have not been able to find anywhere that says you have to have been resident for any set time although I always used to think it was 12 months before you could start applying for credit etc. also, some policies will cover you if you are self-employed etc but I know that YCC's wasn't one of these policies. Can I ask what they put down as your earnings on your application? If they put down you were working full time then you would be alright to claim on it as long as you had been doing your job continuously for 6 months before you claimed |
|
<a href="http://www.dpbolvw.net/click-2359542-10365649" target="_top"> <img src="http://www.awltovhc.com/image-2359542-10365649" width="120" height="60" alt="" border="0"/></a> Applying for car finance? <a href="http://www.kqzyfj.com/click-2359542-10366647" target="_blank" onmouseover="window.status='http://www.creditexpert.co.uk';return true;" onmouseout="window.status=' ';return true;">View your Experian credit report online for FREE</a> and see what lenders will see <img src="http://www.tqlkg.com/image-2359542-10366647" width="1" height="1" border="0"/> ****************************************** Advice & opinions of the 'saynotoyes' team are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts. ****************************************** 
| |
|
|
|
| shanemjoyce | Mar 8 2007, 01:33 PM Post #3 |
|
At the time I had just moved to the UK. I was training for a new job so was only in employment for 6 weeks. |
|
|
|
| jenni | Mar 8 2007, 05:50 PM Post #4 |
|
www.saynotoyes.co.uk
|
did you get a set of exclusions from YCC to tell you who could and couldn't claim because these may give you an idea as to whether or not it was worth it in your case |
|
<a href="http://www.dpbolvw.net/click-2359542-10365649" target="_top"> <img src="http://www.awltovhc.com/image-2359542-10365649" width="120" height="60" alt="" border="0"/></a> Applying for car finance? <a href="http://www.kqzyfj.com/click-2359542-10366647" target="_blank" onmouseover="window.status='http://www.creditexpert.co.uk';return true;" onmouseout="window.status=' ';return true;">View your Experian credit report online for FREE</a> and see what lenders will see <img src="http://www.tqlkg.com/image-2359542-10366647" width="1" height="1" border="0"/> ****************************************** Advice & opinions of the 'saynotoyes' team are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts. ******************************************
| |
|
|
|
| Bakedalasker | Mar 8 2007, 06:29 PM Post #5 |
www.saynotoyes.co.uk
|
What we are discovering is that alot of users who took out PPI did not require it. As Jenni says it is worth having a look at the Terms and Conditions especially the exclusions. From this alot of our users are finding out that they should have not been sold the PPI because of a certain exclusion. As we all know YCC told us we had to take it out. Personally I do not remember the salesman asking me certain things like how long had I been employed. There are certain things you needed to be before you could take it out. Worth checking out. |
|
|
|
| whistleblower | Mar 8 2007, 08:39 PM Post #6 |
www.saynotoyes.co.uk
|
To qualify for full payment protection including unemployment and redundancy you need to be in full time employment working more than 14 hours per week. Which level of PPI were you sold? YCC offered 3 levels. |
|
<a href="http://www.dpbolvw.net/click-2359542-10365649" target="_top"> <img src="http://www.awltovhc.com/image-2359542-10365649" width="120" height="60" alt="" border="0"/></a> Applying for car finance? <a href="http://www.kqzyfj.com/click-2359542-10366647" target="_blank" onmouseover="window.status='http://www.creditexpert.co.uk';return true;" onmouseout="window.status=' ';return true;">View your Experian credit report online for FREE</a> and see what lenders will see <img src="http://www.tqlkg.com/image-2359542-10366647" width="1" height="1" border="0"/>  <FONT COLOR=RED>Vanquis credit card is owned by provident Financial.Typical 39.9% APR variable Say No! </FONT> Are you having problems with Yes Car Credit or a debt collection agency? Make your complaint direct to the Office Of Fair Trading and BBC1 Watchdog below:. James.MacDougall@oft.gsi.gov.uk or telephone 08457 22 44 99 watchdog@bbc.co.uk or telephone - 020 8535 1000 ****************************************** Advice & opinions of the 'saynotoyes' team are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts ******************************************
| |
|
|
|
| jenni | Mar 8 2007, 08:56 PM Post #7 |
|
www.saynotoyes.co.uk
|
can I just ask here whistleblower how you know which level you have been sold? mine seems to cover all possibilities unemployment, sickness and life cover. should I have been given a choice? is that why my PPI is so high? |
|
<a href="http://www.dpbolvw.net/click-2359542-10365649" target="_top"> <img src="http://www.awltovhc.com/image-2359542-10365649" width="120" height="60" alt="" border="0"/></a> Applying for car finance? <a href="http://www.kqzyfj.com/click-2359542-10366647" target="_blank" onmouseover="window.status='http://www.creditexpert.co.uk';return true;" onmouseout="window.status=' ';return true;">View your Experian credit report online for FREE</a> and see what lenders will see <img src="http://www.tqlkg.com/image-2359542-10366647" width="1" height="1" border="0"/> ****************************************** Advice & opinions of the 'saynotoyes' team are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts. ******************************************
| |
|
|
|
| whistleblower | Mar 8 2007, 09:04 PM Post #8 |
|
www.saynotoyes.co.uk
|
Jen, since the business has been regulated by FSA a demands and need statement need s to be completed by the dealer. This will ask ask the customer a number of questions to see if they qualify for the different cover of PPI and of course to make sure that there is no misselling. YCC traded before the business was regulated meaning that in most circumstances that the most expensive level of cover was sold by DAF, generating the highest payment and biggest commission ,irrelevant of the customers needs. This was the reason the business was closed by Provident, they could no longer get away with mis selling, and generating massive commissions and profit. |
|
<a href="http://www.dpbolvw.net/click-2359542-10365649" target="_top"> <img src="http://www.awltovhc.com/image-2359542-10365649" width="120" height="60" alt="" border="0"/></a> Applying for car finance? <a href="http://www.kqzyfj.com/click-2359542-10366647" target="_blank" onmouseover="window.status='http://www.creditexpert.co.uk';return true;" onmouseout="window.status=' ';return true;">View your Experian credit report online for FREE</a> and see what lenders will see <img src="http://www.tqlkg.com/image-2359542-10366647" width="1" height="1" border="0"/> <FONT COLOR=RED>Vanquis credit card is owned by provident Financial.Typical 39.9% APR variable Say No! </FONT> Are you having problems with Yes Car Credit or a debt collection agency? Make your complaint direct to the Office Of Fair Trading and BBC1 Watchdog below:. James.MacDougall@oft.gsi.gov.uk or telephone 08457 22 44 99 watchdog@bbc.co.uk or telephone - 020 8535 1000 ****************************************** Advice & opinions of the 'saynotoyes' team are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts ******************************************
| |
|
|
|
| shanemjoyce | Mar 8 2007, 10:03 PM Post #9 |
|
Hi folks I have no idea which level of PPi i was sold. I was not advised that there were different levels. I bought my car from DAF in nov 2004 so dont think it was regulated at the time. Either way I was only in the uk for a short time so wonder if I should ever have been sold this insurance??? Cheers SMJ |
|
|
|
| 1 user reading this topic (1 Guest and 0 Anonymous) | |
| « Previous Topic · YES CAR CREDIT FORUM · Next Topic » |
2:11 AM Nov 25
