20 Sep 2009 3:17 PM:

I took out a mortgage with bank may 2008, notory read out morgage agreement in English. agreement stated I only needed house insurance.Signed forms bank manager rushing me because bank was going to close.May 2009 my account was overdrawn, reason life insurance had been taken out. someone from bank had sneaked in life insurance forms amoungst the other forms at the notory. They had even taken the liberty of filling out the questionair about health and activitys without asking me any questions. Some people might call this fraude .No policy was ever sent to me. I was told could not cancel said policy, that was until I asked for Libro de reclamaciones.Bank manger very angry maybe he lost some commision. Bank refused to refund money for 2008 or 2009. I had to give 2 months notice in 2008 policy to cancel 2009 policy, a bit difficult to do when I did not even Know I had life insurance. why  did you not check your statments in 2008 you ask? I did but the clever little sobs at bank withdraw life insurance under the account name of domicil the same name as the mortage. I have now paid 1000 euros in worthless insurance 160 euros of bank charges and look forward to an uphill legal battle. oficina de consumador told me they could not help. The morral of this story is be careful what your signing out there, especially with spanish banks and spanish insurance companies.

 

 

This message was last edited by paul64 on 20/09/2009.

This message was last edited by paul64 on 20/09/2009.
Community thread: Banco de Valencia

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