#1
5th January 2016, 05:57 PM
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MBNA PPI Refund Ireland
Hello sir I want to know about the PPI Refund policy of Ireland so please provide me information about the same.
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#2
5th January 2016, 05:58 PM
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Re: MBNA PPI Refund Ireland
The issue of mis-sold payment protection insurance (PPI) was very widespread in the UK and it looks like the banks also tried to make easy profits from it here in Ireland. MBNA offers you a range of payment options that are fast, secure and convenient. Getting a PPI Refund 1) If you took out a PPI policy you should have now been contacted by the bank that sold it to you. If the sale did not comply with the consumer protection code – you will be offered a full refund of premium splus interest. 2) If you have not been offered a refund of your PPI – but you believe you were missold it – you can still make a complaint to the bank. Write to the bank or Credit Card Company that sold you the PPI. If the bank or lender refuses to give you a full refund you can then send a complaint to the Financial Services Ombudsman. (FSO) If you had a PPI policy that was missold to you more than 6 years ago – you can still try and claim a refund of the premiums. The Financial Ombudsman will currently not help you with policies sold more than 6 years ago because of some silly legislation that should be changed. But you may be able to pursue legal action in the courts if the company refuses a refund. It might need the assistance of a Solicitor or a PPI claims company. (They will both charge a fee). The Small Claims Court may also be an option. It only costs €25 to go to the small claims court–but there is a limit of €2000 per claim. |
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