Reply to: PPI Insurance - Own up! Who's owed?

[TestMangler]

I'd heard that Scottish island cockle picking was a little weak this year.

Nowt to do with me. I left Lloyds at the end of March, just about when their share price started to fall

Who picks cockles anyway. Langoustines are more my thing

Anyway. With regard to your Lloyds shares. Any good at anagrams ? Watch out for news of the 'tastiest crooning' that should knock 10% off your nest egg

[AtW]

I'd heard that Scottish island cockle picking was a little weak this year.

MF is buying shares again...

[MarillionFan]

Except that there is still news to come which will probably drive it lower

I'd heard that Scottish island cockle picking was a little weak this year.

[TestMangler]

Except that there is still news to come which will probably drive it lower

[MarillionFan]

As you're well aware it's only a loss if you sell at a lower price than you paid. Just ride it out.

Exactly.

Actually I think Lloyds at 52/53 is a bargain. It may go to 45 - 48 yet but would be surprised. It's been between 53 - 60 range for a number of months and so anything at the lower end of it's MA is quite good. It's a cynical approach my the new man in charge to call this early, means it will get factored in and in theory the next set of results should be good.

[TykeMerc]

Dirty is the word you're looking for. Looks like my 2k loss is going to increase.

Hey ho.

As you're well aware it's only a loss if you sell at a lower price than you paid. Just ride it out.

[MarillionFan]

No, he never had any good money to throw yet.

HTH

Dirty is the word you're looking for. Looks like my 2k loss is going to increase.

Hey ho.

[AtW]

Have you heard of the phrase "throwing good money after bad"?

No, he never had any good money to throw yet.

HTH

[Moose423956]

Stuff it. Bought another £20k in Lloyds at 52.6 time will tell if that was dumb.

Have you heard of the phrase "throwing good money after bad"?

I reclaimed a PPI from a loan I took out about 5 years ago to buy a car, got over £400 back, though it wasn't that straightforward. It was mis-sold on the grounds that I didn't speak to a medical expert about a pre-existing medical condition, so not sure if everyone can claim, only those people who didn't receive an appropriate consultation.

I had another loan from Lloyds previously where they said I had to take out PPI or they wouldn't approve the loan. Unfortunately it was more than 6 years ago otherwise I would be claiming that back too.

[MarillionFan]

OMFG, MF has single handedly changed direction of market!!!



Source: BBC News - Lloyds Banking Group reports loss on £3bn PPI provision

My rep is mighty.

[AtW]

Stuff it. Bought another £20k in Lloyds at 52.6 time will tell if that was dumb.

OMFG, MF has single handedly changed direction of market!!!



Source: BBC News - Lloyds Banking Group reports loss on £3bn PPI provision

[AtW]

Stuff it. Bought another £20k in Lloyds at 52.6 time will tell if that was dumb.

You could have bought a pound of gold - I hear DimPrawn is liquidating his stake as his wife demanded a holiday in Blackpool...

[MarillionFan]

Stuff it. Bought another £20k in Lloyds at 52.6 time will tell if that was dumb.

[AtW]

Fine won't solve this problem (existing Lloyds TSB customers will pay for it - and they have dominant market position) - criminal prosecutions might go some way at least of restoring justice: someone has come up with such scheme and got massive bonus for it due to high profitability.

IMHO every insurance MUST come with stats showing %-tage paid out in claims, just like lotteries required in some countries because that's what insurance really is.

[Support Monkey]

BBC News - Lloyds to pay £3.2bn for mis-selling PPI policies

Thanks Lloyds for going it alone when I was on holiday. Login this morning to find that you have decided to put £3B aside to deal with paying out PPI and cost me £2k in your share price!

I remember taking loans with Lloyds 10 years back and I always had to make a massive deal about not paying for PPI(waste of money and never applicable to me) and even got turned down for one loan because I would not take it.

Are any of our illustrious members going to get any cash back?

(and BTW buy some Lloyd shares, they're very cheap you know)

Same here i took out a loan with NROCK a few years back and i had a hell of a job telling them I did not want PPI, they were well high pressured in trying to get me to take it, it serve them all right if they have to pay it all back