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RIP OFF BANKS

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  • 30-03-2011 7:18pm
    #1
    pauln87
    Closed Accounts Posts: 2 ✭


    I've just discovered that I have a permanent protection policy on a personal loan I took out with AIB three years ago, I never knew anything about it and the Bank refused to refund the premiums to me. I'm absolutley fuming, I just signed the forms at the time and didn't check what I was signing up to. I feel so angry and foolish.

    Paul


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    #2
    Todd Gack
    Registered Users Posts: 551 ✭✭✭Todd Gack


    pauln87 wrote: »
    I just signed the forms at the time and didn't check what I was signing up to.

    :rolleyes:


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    #3
    rossc007
    Registered Users Posts: 627 ✭✭✭rossc007


    Hey Paul,

    Dont want to be too harsh in light of your bad news, but if you signed up for it, Im afraid you have no one to blame but yourself. If you had to avail of the policy over the past three years, Im sure you wouldnt have turned it down because you didnt know you signed up for :(


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    #4
    pauln87
    Closed Accounts Posts: 2 ✭pauln87


    I know, I'm disgusted at myself for being so niave. Unfortunately I was under the impression that bank managers were honest, had integrity and acted in the customer's interest.


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    #5
    longhalloween
    Closed Accounts Posts: 2,207 ✭✭✭longhalloween


    pauln87 wrote: »
    I know, I'm disgusted at myself for being so niave. Unfortunately I was under the impression that bank managers were honest, had integrity and acted in the customer's interest.

    I doubt they were intentionally out to trick you. Its up to you to be vigilant ant to read everything before you sign to stop mistakes like this from happening.


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    #6
    GerardKeating
    Registered Users Posts: 7,667 ✭✭✭GerardKeating


    pauln87 wrote: »
    I know, I'm disgusted at myself for being so niave. Unfortunately I was under the impression that bank managers were honest, had integrity and acted in the customer's interest.

    Why is this a scam/ripoff, they offered you a product and you bought it.

    I've taken out loans in the past from AIB, and the PPP was always highlighted prominently in the quote and acceptance documents.


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    #7
    DonalK1981
    Registered Users Posts: 370 ✭✭DonalK1981


    Isn't there some advertisements relating to this very thing on the air from various legal firms offering to sue the banks who offered this without a person asking for it specifically?


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    #8
    rossc007
    Registered Users Posts: 627 ✭✭✭rossc007


    pauln87 wrote: »
    I know, I'm disgusted at myself for being so niave. Unfortunately I was under the impression that bank managers were honest, had integrity and acted in the customer's interest.

    Dont beat yourself up mate, can happen to anyone... When your signing for a loan, you really have to have your head screwed on, but it became so commonplace that I'm sure your not the only person caught by this.


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    #9
    keithclancy
    Registered Users Posts: 9,208 ✭✭✭keithclancy


    DonalK1981 wrote: »
    Isn't there some advertisements relating to this very thing on the air from various legal firms offering to sue the banks who offered this without a person asking for it specifically?

    Thats in the UK ..

    You know

    HAVE YOU SLIPPED ON A BANANA AND SERIOUSLY INJURED YOUR WILLY AND NOW CANT HAVE KIDS AND AS A RESULT YOUR WIFE LEFT YOU AND NOW YOU FEEL LIKE KILLING YOURSELF

    INJURYLAWYER4U CAN HELP.


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    #10
    nompere
    Registered Users Posts: 1,678 ✭✭✭nompere


    keithclancy wrote: »
    Thats in the UK ..

    You know

    HAVE YOU SLIPPED ON A BANANA AND SERIOUSLY INJURED YOUR WILLY AND NOW CANT HAVE KIDS AND AS A RESULT YOUR WIFE LEFT YOU AND NOW YOU FEEL LIKE KILLING YOURSELF

    INJURYLAWYER4U CAN HELP.

    I was listening to the radio this morning, and there's an Irish equivalent.

    www.refund.ie

    Whether they're any good, or capable of achieving much ...


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    #11
    lau1247
    Registered Users Posts: 2,167 ✭✭✭lau1247


    you sign for it and gotta pay the price..

    like other poster said, be vigilant.. especially when you're signing stuff off may it be work or otherwise.. probably hence the term 'sign you life away'

    West Dublin, ☀️ 7.83kWp ⚡5.66 kWp South West, ⚡2.18 kWp North East



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    #12
    brianwalshcork
    Registered Users Posts: 607 ✭✭✭brianwalshcork


    nompere wrote: »
    I was listening to the radio this morning, and there's an Irish equivalent.

    www.refund.ie

    Whether they're any good, or capable of achieving much ...



    I was undecided whether these guys were one notch above ambulance chasers, or one notch below them....

    http://www.refund.ie/how-our-service-works
    There's a €121 fee for a viable claim and no mention of what constitutes a viable claim... or whether there's further costs if a claim is successful.

    Then, I saw this bit...
    http://www.refund.ie/download
    •Are you currently working in financial services?
    •Have you clients who you feel could benefit from our services?
    •Would you like to expand your own business offerings?
    •Are you interested in an extra income stream?
    •If you answer yes to these questions then we can help you!
    •Contact us today and we will arrange a meeting with you to go through how we can benefit your business.
    •Our relationship and commitment to our introducing network is second to none.


    in other words:
    Is your employer in the crapper since yesterday's announcement?
    Would you like to shop them to us for a few pieces of silver


    So, I'd say they're a couple of rungs below ambulance chasers on the moral ladder...

    I think that they'll be getting there own thread in here or consumer issues soon enough.


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