A court has ordered a credit card company to wipe a cleaning supervisor’s £8,000 balance – because she was unfairly sold payment protection insurance (PPI).
The landmark legal ruling could open the floodgates for millions of others.
Lynne Thorius is the first person to see her credit card debt cancelled because of PPI mis-selling. All previous attempts to sue over such insurance cover have been settled out of court.
MBNA tried to sue Lynne from South Shields for £8,000 the outstanding balance on her Sunderland AFC branded credit card.
She had paid thousands of pounds for the payment protection insurance since taking the card in 2002, despite never having asked for the cover.
A judged ruled MBNA was in breach of the Unfair Relationships Act. The credit card company earned commission on Lynne’s policy without telling her.
MBNA insist the case does not set a legal precedent, but Carl Wright of Cartel Client Review who defended Lynne said it did.
Mr Wright said: “This is the first time a judge has ruled on this point. Now Lynne has won the floodgates could open for millions of other people.
“It will change the way banks lend money and issue credit cards.”
Have you been paying for protection insurance (PPI) on a loan or credit card without having asked for it? If so you could have your debt wiped out.
For FREE legal advice call our No Win No Fee lawyers today in confidence on 0800 0891331.
