Cancelling PPI CAN BE DONE!!!!!

roversbabe

Hi Crown

Thanks for the info

rb

nmiah786

$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...

WeLl done. I'll let you know when I get my response!!!

roversbabe

UPDATE

I'm getting a refund of just over £300 - yayyy

Thanks :money: and everyone on this site

Woohoo

rb x

Avogirly

Yay!!! Congratulations! Just in time for Christmas too!

Old_iron_balls

Old_iron_balls wrote:

Congrats !
hehe great feeling isnt it ?! :j :beer:

Trick is folks, dont take no for an answer - kick up a fuss and they will crumble eventually.

TSB refunded me £1300 a couple of weeks ago on one loan and after a few letters of complaint they have agreed in writing to refund the PPI on my other loan. They said it would be done within 21 days.
I wont post figures etc untill the transaction is complete though.

I keep checking online like an excited child

Well, I got it :j
another £2108 refund shaved off my balance !

:beer: :j :T

pollypocket

Hi all,
Have posted a longer message earlier - edited version comin up.
£21,000 loan
Insurance £5452
Interest £5475.20

Looked at T&C - says can cancel at any time but "This will not affect the customers obligation to continue to repay the outsatnding balance of the loan and the bank will advise the customer of the amended repayments( which will be greater than the Main Loan repayments) required as aresult of cancellation.
Why will my payments increase if money knocked off my loan?? Really doin my head in!
Cheers all!
Polly

Avogirly

pollypocket wrote:

Hi all,
Have posted a longer message earlier - edited version comin up.
£21,000 loan
Insurance £5452
Interest £5475.20

Looked at T&C - says can cancel at any time but "This will not affect the customers obligation to continue to repay the outsatnding balance of the loan and the bank will advise the customer of the amended repayments( which will be greater than the Main Loan repayments) required as aresult of cancellation.
Why will my payments increase if money knocked off my loan?? Really doin my head in!
Cheers all!
Polly

I don't really understand that.

You can cancel PPI at any time, but they are saying that you will have to pay MORE?
What about a rebate for being mis-sold the insurance in the first place?

charlener01

Hi, i am new on here, please can somebody send me the template?

Thank you in advance x

pollypocket

I know - it really is daft. Just spoken to Natwest and they have told me to go into the bank and see someone face to face. The woman I spoke with does not know why it says that either!
Polly

Avogirly

charlener01 wrote:

Hi, i am new on here, please can somebody send me the template?

Thank you in advance x

Hi, I have PM'd it to you!

Welcome to MSE! may it save you loads of money!