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Barclaycard PPI issue

zelig
zelig Posts: 78 Forumite
in Loans
Hi I am in a payment plan with Barclaycard and am paying them £24.99 per month of a £2100 balance and being charged £18.00 per month on a PPI which will obviously take me a thousand years to pay off. I am sure I need to stop this PPI but can I do this while I am on a payment plan and could I claim unfair charges etc?
Any help/advice most welcome

Thanks

zelig
«1

Comments

  • shooter
    shooter Posts: 153 Forumite
    zelig wrote: »
    Hi I am in a payment plan with Barclaycard and am paying them £24.99 per month of a £2100 balance and being charged £18.00 per month on a PPI which will obviously take me a thousand years to pay off. I am sure I need to stop this PPI but can I do this while I am on a payment plan and could I claim unfair charges etc?
    Any help/advice most welcome

    Thanks

    zelig


    Hi

    can i just ask, is there a reason for the PPI?
    can you not claim on it?

    shooter x
    :rotfl: Surely life can't get any worse it has to only get better from hear on out :j
    January NSD aim 15days
  • zelig
    zelig Posts: 78 Forumite
    Well thats it - I dont have any paperwork - didnt even know what a PPI was till I stumbled on this site - so I dont know what to claim for as I am back in work again after an 8 month layoff which was the reason for getting in debt anyway? :confused:
  • shooter
    shooter Posts: 153 Forumite
    zelig wrote: »
    Well thats it - I dont have any paperwork - didnt even know what a PPI was till I stumbled on this site - so I dont know what to claim for as I am back in work again after an 8 month layoff which was the reason for getting in debt anyway? :confused:

    Don't worry about not having any paperwork at the moment, you can get that later.

    Do you have a loan or credit card with the bank?
    is the PPI on one of those?
    if not what is it on?

    Sorry for all the questions but the answers will help me help you.

    Shooter x
    :rotfl: Surely life can't get any worse it has to only get better from hear on out :j
    January NSD aim 15days
  • zelig
    zelig Posts: 78 Forumite
    Hi Shooter - the PPI is on the Credit Card I am paying back with the payment plan - no bank account with Barclays

    Ta

    zelig
  • shooter
    shooter Posts: 153 Forumite
    Ok then,
    Now we're getting somewhere.

    You said that you didn't know about it untill recently, is that correct?
    If so how did you find out about it?

    shooter x
    :rotfl: Surely life can't get any worse it has to only get better from hear on out :j
    January NSD aim 15days
  • zelig
    zelig Posts: 78 Forumite
    Well....Im a bit daft when it comes to finances etc (thats why I am here) and only really read the complete statement fully for the first time recently - so noticed there was this entry for £18 PPI - Dumb I know
  • shooter
    shooter Posts: 153 Forumite
    Not dumb at all

    I will admit to doing exactly the same on sevceral accounts 3 in fact and am now reclaiming.

    On one I distinctly remember saying No to ppi when I applied for the card but they added it any way and me being me i didn't check my statements properly!

    If you would like help reclaiming then just shout.

    shooter x
    :rotfl: Surely life can't get any worse it has to only get better from hear on out :j
    January NSD aim 15days
  • zelig
    zelig Posts: 78 Forumite
    Hi I would seriously love some help reclaiming - but still a bit unsure as if I can bearing in mind the payment plan etc?
  • Edinburghlass_2
    Edinburghlass_2 Posts: 32,680 Forumite
    10,000 Posts Combo Breaker
    Have a read of Martin's article here..

    http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

    and I'll shift you into the Loans board where you'll find the PPI Discussion thread with lots of help.
  • shooter
    shooter Posts: 153 Forumite
    your payment plan should have no effect on reclaiming the only thing to concider is that anything you receive as a refund would most likely be taken off what you owe them.

    Have you received any late charges on the account?
    If so?Do you know what your charges add up to?
    if so, is it more or less than what you owe them?

    Have you cancelled the PPI?

    :rotfl: Surely life can't get any worse it has to only get better from hear on out :j
    January NSD aim 15days
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