Cancelling PPI CAN BE DONE!!!!!

roversbabe

$17mma wrote:

Not sure, just trying to equip myself with as mch information before i contact them. Let me know if you get the letter and please pass it on and I will do the same.

Good luck!

http://forums.moneysavingexpert.com/showthread.html?t=113837&page=1&pp=10

Just found this thread on Debt Free Wanabbe - there's a link to a sample letter on The Motley Fool. I'm going to give that a go.

http://boards.fool.co.uk/Message.asp?mid=9659780

Good luck

nmiah786

Avogirly wrote:

However, I came on this forum and read up about cancelling the PPI, PM'd a few people and got a great template letter (PM me if you would like a copy). I wrote to them last week, and low and behold when I checked my loan balance today I've been credited back the WHOLE insurance amount.

Martin :money: , MSE and all you wonderful people have saved me £5000.

I cannot thank you enough.

:T :T :T :T :T :T


I am a very happy person today!

Just off to change my signature!

Congrats and well done on your acheivement.

Please can I have a copy of your letter so that I can corner NatWest into taking the PPI of on my loan.

Thank you ever so much in advance.

$17mma

Have a look at the links above posted by roversbabe, they will take you to a site which has a sample letter to send to your loan provider.

Good luck and let me know how you get on.

nmiah786

Thank you $17mma & Avogirly

I shall definately give it a try and let you all know if I'm successfull.

Thanks.

$17mma

Hello everyone :hello:


I have some good news :j I sent my letter off to my loan provider and I just called them to see if they have received it which They have and they have taken off my PPI :j :j :j SO I AM NOW SAVING £33.68 PER MONTH making my monthly payments cheaper....:eek: I am in shock!

Yeeaaahhhh for MSE and to all the people who have posted on this thread...

Avogirly

Hooray! Congratulations. It's great when it happens.

Good luck to all those others trying to become debt free.

$17mma, have you changed your signature yet?

$17mma

Avogirly wrote:

Hooray! Congratulations. It's great when it happens.

Good luck to all those others trying to become debt free.

$17mma, have you changed your signature yet?

OOH YES :j got so excited i forgot about it! tee hee hee :dance:

Avogirly

That made me feel really good!
I'm so pleased for you, because this time of year is horrible for those who are in debt because of all the tempations, so when things begin to look brighter it's wonderful!

roversbabe

$17mma wrote:

Hello everyone :hello:


I have some good news :j I sent my letter off to my loan provider and I just called them to see if they have received it which They have and they have taken off my PPI :j :j :j SO I AM NOW SAVING £33.68 PER MONTH making my monthly payments cheaper....:eek: I am in shock!

Yeeaaahhhh for MSE and to all the people who have posted on this thread...

Thats fantastic

I'll let you know what happens when I get my reply!

Thats brilliant news :T

Crown

Just to comment on a previous posters comment on Halifax wanting to charge an extra £1000 to cancel the insurance.

I too had this happen to me although when I actually worked it out I found that I could also reduce the amount of time the loan was over and still be around £700 better off. (I Cut the loan down from 7 years to 4).