Money back from payment protection when loan has finished

tysfoot

Hi

I have a loan with tesco finance with payment protection that will end in 2 years, someone said to me last week that when the loan has finished and you haven't made a claim you can claim some part of the money back, Is this true ?

I have looked on the t&c on my paper work but cant find anything

marshallka

tysfoot wrote: »

Hi

I have a loan with tesco finance with payment protection that will end in 2 years, someone said to me last week that when the loan has finished and you haven't made a claim you can claim some part of the money back, Is this true ?

I have looked on the t&c on my paper work but cant find anything

It would say on your policy about this. Barclays FIrstplus do a loan PPI whereby if you do not claim for the life if it you get it back. It may sound ok but they forget to tell you that you are then paying interest on the PPI for the full term of the loan and also it only covers your loan for the first 5 years. A real rip off.

di3004

Marshallka do you think it may be worth tysfoot getting in touch with them about this?, there may be grounds for complaint here.;)

marshallka

tysfoot wrote: »

Hi

I have a loan with tesco finance with payment protection that will end in 2 years, someone said to me last week that when the loan has finished and you haven't made a claim you can claim some part of the money back, Is this true ?

I have looked on the t&c on my paper work but cant find anything

Who was the someone?? Do you mean that it was someone when you took out the loan?? I thought you meant just "someone" here.

tysfoot

Someone was just freind, thats why im asking bout it now....gonna read the t&c again see if i missed something out, didnt see anything online though