Cancelling PPI CAN BE DONE!!!!!

katiekittykat

Ok I have just rang Natwest with regards to cancelling my PPI they said it was possible and to send it in writing to my local branch - what do i write in the letter? Any advise please???

do i use the complaint letter or a different one?

Avogirly

Wow! I haven't been back to this thread for ages, I can't believe how well everyone is doing!

Those who are still struggling, keep trying. I had to send two letters before I even got a reply from Lloyds, so keep persevering. Good luck to all!

Avo
xXx

polajoo

I've just negotiated with Egg the removal of PPI on my loan, which will either knock a year off my maturity date, or £70 per month off my repayments. Whoo!

However, they said that they will not refund any of the premium already paid. From reading this thread, do I understand that a refund is only available if you have been mis-sold the policy?

katiekittykat

katiekittykat wrote: »

Ok I have just rang Natwest with regards to cancelling my PPI they said it was possible and to send it in writing to my local branch - what do i write in the letter? Any advise please???

do i use the complaint letter or a different one?

Anyone - please?


xxx

Avogirly

katiekittykat wrote: »

Anyone - please?


xxx

What are the reasons for you cancelling it? If you feel you have been mis sold it then use the complaint letter.

Avo
xXx

katiekittykat

I was gonna tell them i had alternative cover - or would i be better just complaining?

Kefty

Hi Guys

I am at the beginning of my secured loan with Black Horse (documents not yet signed), so still in the 1 weeks grace from the initial meeting at one of their offices. I have the proposed credit agreement on a loan for 28,500 @ 11.4% APR over 10 years. This gives me a monthly payment of £390. In addition to this the PPI monthly payment is £69. I have decided that I dont really need the PPI as my employer offers critical insurance anyway.

If I decide to cancel the PPI I assume I write to the provided cancellation team with Black Horse, or should I telephone? Also would the amount of credit for the PPI (£5078 + £3263 interest) be refunded to me as a cheque or would it be knocked off the total amount payable spread over the loan period, lowering the monthly payment?

Thanks in antcipation (this is my first post!)
Kefty

ps I expect to refinance this loan in 12 months at a lower % APR, when my credit rating has improved.

katiekittykat

My loan is with natwest - do i put my bank account number on the letter or the loan account number??

katiekittykat

Sent my letter on friday recorded delivery - they have received it today will keep everyone updated

GirlRacer_2

Hi Guys, I had a loan with Northern Rock which was paid off in full in October 2006. When I took out the loan I was made to believe - no PPI no loan. I've recently written to Northern Rock and complained about this and low and behold they have phoned me tonight and asked me for my bank details so they can reimburse me £488.