Reclaiming UDT Ltd PPI

The_Jester · 2 January 2018 at 9:40PM

I took out a car loan with UDT Ltd in 1995. I previously thought it was with Lombard Direct.

I found an old experian credit report which states it started on 25/12/95 and ended on 26/11/99. I paid £163 per month.

I have no copy of the credit agreement so I have no credit agreement number or account details.

I understand I should take my query to Lloyds who deal with UDT PPI claims.

Would my experien report be suitable evidence?

dunstonh · 3 January 2018 at 12:24AM

I understand I should take my query to Lloyds who deal with UDT PPI claims.

You say it is a car loan. So, in that case you complain to the car dealer that arranged the finance. The lender has no liaiblity for car loan PPI unless the car dealer was an agent of the lender (most were not).

Also, car dealers only became regulated in Jan 2005. So, they can refuse to consider pre-regulation sales.

The_Jester · 3 January 2018 at 11:17AM

Sorry I should have made myself clearer. It was a loan I took out to pay for the car but it wasn't directly associated with the dealer.

[Deleted User] · 3 January 2018 at 11:43AM

The_Jester wrote: »

Sorry I should have made myself clearer. It was a loan I took out to pay for the car but it wasn't directly associated with the dealer.

Far enough, but there will be nothing on your old Experian report showing that this loan had PPI.

If you cannot find original documentary proof that you paid PPI on this loan, then any potential complaint has ended before it's begun.

1995 is more than two decades ago and the chances of Lloyds retaining any information about this loan are nil.

Reclaiming UDT Ltd PPI

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