First Plus PPI

ScorpioLady_2 · 24 July 2007 at 7:01AM

Does anyone have any experience with PPI and (the dreaded) First Plus.

I foolishly (hindsight is a wonderful thing) took out a loan with them, and was talked into taking out the PPI (they promise £5K back after 5 years if not used).

Then I became sick and have tried to claim but now they say they won't pay out due to my condition being pre-existing, as I had seen my doctor once with minor symptoms in the 12 months prior to taking out the loan. (I am positive they didn't ask about any pre-existing conditions and the paperwork I signed certainly doesn't say as much)

Was I therefore mis-sold the policy?

I am still ill, and am now unemployed.

Any ideas/suggestions would be gratefully appreciated.

notsowisewitmemoney · 25 July 2007 at 11:08PM

Hi
we took out a first plus secured loan and it has been a nightmare. The rates keep on going up. We tried to pay it off via remortgaging our home but were told if we do this our PPI will be null and void. Which would mean we would lose 17k. My Mortgagees were horrified at the small print and ways they have tied us up. The loan started at 70k and is now 90k to redeem. How on Gods earth are these companies allowed to get away with this?
I have never missed a payment but it is costing us nearly £800 per month.
How does carol voderman sleep at night?
very stressed and angry that we took it out in the first instance:mad:

Jasonjaykez · 2 August 2007 at 11:38AM

Hi peter I have also been ripped off by Firstplus. I have contacted the FSO, however Firstplus claim I wont get anywere with them. Its all i think about, its made me badly and I'm very stressed about this, i would really aprreciate some advice on how to get my money back. This company needs to be stopped, they cant keep ripping honest hardworking people off by mis selling PPIs

mightymouse · 2 August 2007 at 12:34PM

Hi

This link should answer most if not all of your questions:

http://forums.moneysavingexpert.com/showthread.html?t=117175&highlight=pppi

mightymouse · 2 August 2007 at 1:09PM

petermb wrote: »

Typical of the Secured Loan market place.
Take your money and run.
Yes I think there is something you can do. PM me for details.

regards

Peter

Sorry should have realised from dates this is probs a scam / spam...........

this link still ok .... http://forums.moneysavingexpert.com/...highlight=pppi

First Plus PPI

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