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can anyone help with a loan ppi question please.
pumpkinpatch
Posts: 116 Forumite
in Loans
Hi
I hope someone can help answer my question.
I have recently tryed to reclaim the ppi on my loan from lloyds under mis selling - my request was rejected.
Do I have a case????
When i took out loan i worked 16 hrs a week for an employer, had a self employed job and received working tax credit due to being a single parent.
A few months ago i lost my self employed work, but was still in 16 hours a week employment and receiving working tax credit. Losing my main job hit my finances hard. When i tryed to make a claim under my PPI i was told i couldnt as i still work 16 hours a week. So if i cant claim for losing my self employed work, then surely the PPI was not suited to me and it was mis sold???? or do i have this all wrong, please help someone before i lose the plot totally.
I hope someone can help answer my question.
I have recently tryed to reclaim the ppi on my loan from lloyds under mis selling - my request was rejected.
Do I have a case????
When i took out loan i worked 16 hrs a week for an employer, had a self employed job and received working tax credit due to being a single parent.
A few months ago i lost my self employed work, but was still in 16 hours a week employment and receiving working tax credit. Losing my main job hit my finances hard. When i tryed to make a claim under my PPI i was told i couldnt as i still work 16 hours a week. So if i cant claim for losing my self employed work, then surely the PPI was not suited to me and it was mis sold???? or do i have this all wrong, please help someone before i lose the plot totally.
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Comments
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If you were in those circumstances when you took out the loan then the policy was mis-sold.
However there is more to this issue than just the mis-selling of the ppi or could be. I would need to see the agreement. Was it a personal loan or for a car?I am a former Broker, former IFA and former compliance officer, for my sins.
However, I have since seen the light.0 -
pumpkinpatch wrote: »Hi
I hope someone can help answer my question.
I have recently tryed to reclaim the ppi on my loan from lloyds under mis selling - my request was rejected.
Do I have a case????
When i took out loan i worked 16 hrs a week for an employer, had a self employed job and received working tax credit due to being a single parent.
A few months ago i lost my self employed work, but was still in 16 hours a week employment and receiving working tax credit. Losing my main job hit my finances hard. When i tryed to make a claim under my PPI i was told i couldnt as i still work 16 hours a week. So if i cant claim for losing my self employed work, then surely the PPI was not suited to me and it was mis sold???? or do i have this all wrong, please help someone before i lose the plot totally.
Hi there
And yes you do have a case, they have mis sold this to you.
Do you mind if you copy and paste your post and add in the Reclaiming-discussion thread for PPI, there we will help guide you through this step by step, a letter will have to be sent to them, but if you add in the above thread the links for the templates etc will be sent to you on there.
Link here:;)
http://forums.moneysavingexpert.com/showthread.html?t=862067&page=564
Hope to catch you there later, we can then get on with this case.;)
Di.
xThe one and only "Dizzy Di"
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