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  • FIRST POST
    • bigreefer
    • By bigreefer 15th Jul 17, 11:34 PM
    • 7Posts
    • 0Thanks
    bigreefer
    PPI claim on statute barred loan, Scotland
    • #1
    • 15th Jul 17, 11:34 PM
    PPI claim on statute barred loan, Scotland 15th Jul 17 at 11:34 PM
    Took a £7500 loan out many years ago....2005/2006 I believe and it was with egg bank online, which I believe is now gone in name at least...

    It's now statute barred....

    Can I claim PPI on it?

    I'm pretty sure it can't be kicked off again but just looking for the green light from those in the know...

    Many thanks in advance....
Page 1
    • Moneyineptitude
    • By Moneyineptitude 15th Jul 17, 11:42 PM
    • 18,899 Posts
    • 10,120 Thanks
    Moneyineptitude
    • #2
    • 15th Jul 17, 11:42 PM
    • #2
    • 15th Jul 17, 11:42 PM
    Regardless of being statute barred, an attempt to complain about any PPi will result in resultant redress being offset against the unpaid debt.

    Green light? Hardly..
    • bigreefer
    • By bigreefer 16th Jul 17, 11:13 AM
    • 7 Posts
    • 0 Thanks
    bigreefer
    • #3
    • 16th Jul 17, 11:13 AM
    • #3
    • 16th Jul 17, 11:13 AM
    Regardless of being statute barred, an attempt to complain about any PPi will result in resultant redress being offset against the unpaid debt.

    Green light? Hardly..
    Originally posted by Moneyineptitude
    It the mis-selling of the PPI not a separate issue form the defaulting of the loan payments....?

    Is it a certainty any compensation would be go towards paying off any remaining debt...?

    Are you saying that a claim could be made without the loan being resurrected but that the compensation could be take away?

    Thanks...
    • -taff
    • By -taff 16th Jul 17, 1:02 PM
    • 7,170 Posts
    • 5,160 Thanks
    -taff
    • #4
    • 16th Jul 17, 1:02 PM
    • #4
    • 16th Jul 17, 1:02 PM
    Yes, exactly that.

    You owe them money, they possibly owe you money, so they get their money first before you get your money. Statue barred loans cannot be resurrected by complaining about PPI.
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