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I reluctantly sat through the presentation ....
The following day the Manager contacted me and advised he was coming to my house that evening.
He arrived and after small talk, took out a loan offer for a large amount of money. The matter was discussed with him, my wife and self and when I declared that the Investment product was satisfactory for the times we were in at the time.
The question is if the Banks are allowed sell their Investment product by arranging non requested loans and then arriving at ones home to sign for something that was never requested and then to deliver same to a different office, (some 50 miles away).
Regardless, the Bank's legal department will have to decide if they wish to settle with me on this careless and irregular banking and investment mis-selling.
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It seems this investment went sour, and this is where your grievence lies, not in a potential mis-selling.
Steven, the Original Investment was made in February 2007. I understand the point you make concerning the protection but the people selling the product were only interested in earning commissions and making up the numbers in the fund.
No No, I did wish to make an Investment in this Financial Product but was told that the amount I did wish to invest was too small. They were unable to allow a smaller investment, but I since learned from other Investors that they invested smaller amounts before I was cohersed into making the Investment.
I'm in agreement with the points you have made but without full and truthful set of facts and information been prompted to an investor, then this is a definite case of mis-selling. Moreover, I paid interest n a loan which I did not have to have in the first place and instead of repaying a loan I missed out on Interest which I could have received if the money had of been left alone.
Steven, the Original Investment was made in February 2007. I understand the point you make concerning the protection but the people selling the product were only interested in earning commissions and making up the numbers in the fund.
Why do people feel if they were sold something by a bank that the bank were dodgy sales people ? This is true for every business. If someone gets stuck with a dodgy mower from a door to door salesman it's no different. That's the nature of anything that someone wants your money in exchange for some gadget.I understand the point you make concerning the protection but the people selling the product were only interested in earning commissions and making up the numbers in the fund.
Why do people feel if they were sold something by a bank that the bank were dodgy sales people ? This is true for every business. If someone gets stuck with a dodgy mower from a door to door salesman it's no different. That's the nature of anything that someone wants your money in exchange for some gadget.
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