So you were miss-sold a loan because the banks didn't tell you as part of paying back your loan that the interest would include Payment Protection
Insurance...which by the way you never asked for...
I don't know about America or any other country for that matter but i can guarantee that my house phone will ring at least 3 times this week with an
automated speech about claiming your money back from the banks!
The truth of the matter is that i was miss-sold two loans and i went through the long process of getting my money back and after a long wait and a 33%
commission for their services my legal (no win no fee) representative took i was left with a fraction of what i payed out.. none the less i still got
a few hundred back..
My question is this... if the government are paid for by the banks and they work for the banks (not openly) then why have the government which the
banks own, penalized those very banks out of millions if not billions of back payments to customers rather than sweep it under the rug the way the
tend to so effortlessly...?
i don't really now how it all works but i can sure sense something fishy going on!!
they are telling everyone to get their money back from this in insurance. everybody needs money now , so they get some money back. who needs insurance
on their loans anyway. flash forward a year or two. umemployment explodes. all those unemployed need to pay their loans. they use their loan
insurance. oh wait. you claimed back the money you were paying into that and cancelled the insurance. whoopsy.
the money the banks have to pay out now is nothing compared to what they would have to pay out in a year or two if everyone kept their loan
of course their is no problem if you have your loans paid off already, most people don't. its a trap.
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