8K Written Off For Misold PPI
A South Shields woman has had 8,000 written off her MBNA credit card due to misold PPI (Payment Protection Insurance). The ruling, by judgment at Newcastle-upon-Tyne County Court, understood that Lynne Thorius was falsely misold PPI when she took out the credit card in 2002.
Mrs. Thorius was however, unaware that she was also paying thousands in add-on fees on top of her card balance. The credit card balance quickly rose to an astonishing 8,000. The ruling, by judgment at Newcastle-upon-Tyne County Court, understood that Lynne Thorius was falsely misold PPI when she took out the credit card in 2002.
Lender MBNA was trying to sue the mother-of-three, from South Shields for the remaining balance on her Sunderland AFC-branded credit card. Although Lynn was able to pay the bill, her circumstances changed when her full time job changed to part time house, which added to her financial pressures.
A judge ruled MBNA had breached the Consumer Credit Act, partly because the credit card provider earned commission from the insurance company for the policy it had sold, without telling Mrs Thorius. It is feared that the ruling could open the floodgates for millions of pounds worth of similar claims against banks and building societies.
Carl Wright, of claims management company Cartel Client Review, who successfully defended Lynne, said today that the ruling is a legal first.
‘This is the first time that a judge has ruled on this point and will have a massive impact,’ he said.
‘But MBNA thought their case was watertight. When we got to court our legal argument absolutely white-washed them and their case against Lynne was thrown out.’
‘This is a landmark decision for all Cartel clients and a demonstration of the strengths of legal argument used by Cartel.’
“MBNA acted in a disgusting manner. They harassed this woman at all hours of the day and night to force her to pay for something she never even asked for.
There are many PPI Claim experts out there to help you claim back your PPI, contact Donns LLP to help withPPI Claims and for the best advice
Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically each day to your feed reader.
No comments yet.
Leave a comment
Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>