Don't get me wrong, I've bought it in the past and I'm looking to claim as I wasn't even working at the time.

But how are people getting payouts of several times their credit limit for what would've have represented a loss of a few quid, on a product they knowingly purchased and was sold lawfully? I was just overcharged on my phone bill and they just gave me the money back, not 8x the total bill. Overdraft charges were a big scandall a few years back with everyone clambering to reclaim those which seem less fair but were rarely repaid with much additional compensation.

Lloyds are setting aside £12bn. Which at the current governement share is £2.28bn of public money. The figures are mind boggling.

I'm just sick and tired of companies calling me up to try and get me to claim (usually saying they have all the details and know already how much I am owed......wtf!). Now they have even somehow got hold of my mobile number!

A stairway to Heaven and a Highway to Hell give some indication of expected traffic numbers

It's the text messages that constantly come through for PPI & also how there's £2056 waiting in their bank account to pay me for an accident.

It's the UK's version of the African prince scam.

So you didn't get any paperwork to read and explain what was what? Cos I get reams of s*** with anything financial that I do.

Optimistic as ever

Exactly. Besides it'a already been established that the bank misled people over this. We're not talking a few people signing up to something they didn't need, this was tens of millions of policies with almost half of those people unaware they even had the policy.

The banks knew they were shafting people and it's something they routinely do as it is, so I'm not sure why we should be solely blaming the consumer.

I just got a rare PPI call on my mobile. Almost like someone is taking the pi55.