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  • FIRST POST
    • diggerproud
    • By diggerproud 23rd May 11, 9:21 PM
    • 9Posts
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    diggerproud
    Can PPI be hidden within the loan?
    • #1
    • 23rd May 11, 9:21 PM
    Can PPI be hidden within the loan? 23rd May 11 at 9:21 PM
    I have looked through my loan T&C's but can't find my personal summary from when the loan was taken out. It states on my agreement that the LPI is zero but I remember being told I required PPI as I had no means of covering payments if I was sick/made redundant. What I didn't realise is I'm paying 24.9% interest on my £5k loan over 60 months. Can the insurance be included in the loan itself or does this mean & I don't have cover on my loan?
Page 1
    • dunstonh
    • By dunstonh 23rd May 11, 9:48 PM
    • 83,194 Posts
    • 48,253 Thanks
    dunstonh
    • #2
    • 23rd May 11, 9:48 PM
    • #2
    • 23rd May 11, 9:48 PM
    Can the insurance be included in the loan itself or does this mean & I don't have cover on my loan?
    The agreement seems to suggest you do not. However, if in doubt, phone and ask them.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
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