Originally Posted by
Chip
I dont see why Lloyds have to pay out anything. YOU signed the contract, YOU had 30 days to cancel it so YOU should have known if there were any exclusions in your contract.
Obviously if the PPI was added without your knowledge then thats a different thing altogether.
Some will get money back who knew and agreed to PPI insurance - its a similar issue to the endowment scandal - some people would have been told the risks but went ahead anyway because it was cheap and still had a miss-selling claim honoured.
It's more for those that didn't know it had been included (or were too stupid to check) or for those that had it included but were not even elligible to claim.