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Please HELP - Lombard Direct PPI
Looking for some advice.
About 7 years ago i took out a loan for £14000 with Lombard direct and stupidly took out the PPI for a cost of about £4500 (don't remember the exact figure) which was also lent to me at the time of taking the loan out. So in effect i was paying interest on about £18500. I finshed paying the entire loan off in August 2007
Firstly i am an asthamatic which i assume would not have been covered under the policy should i have become too bad to work. i never remember them asking if i had any pre-existing medical condition.
In addition, i was made redundant during this period and never received a penny as they do not pay out for under 3 months.
Are companies allowed to make you take out a loan and pay interest on the PPI?
Does anyone think i have a valid claim as i paid out ovber £5000 for something that did not benefit me in the slightest and potentially would nothave benefited me under certain pre-existing medical conditions.
Please help as i cannot establish whether i may have a valid claim.
About 7 years ago i took out a loan for £14000 with Lombard direct and stupidly took out the PPI for a cost of about £4500 (don't remember the exact figure) which was also lent to me at the time of taking the loan out. So in effect i was paying interest on about £18500. I finshed paying the entire loan off in August 2007
Firstly i am an asthamatic which i assume would not have been covered under the policy should i have become too bad to work. i never remember them asking if i had any pre-existing medical condition.
In addition, i was made redundant during this period and never received a penny as they do not pay out for under 3 months.
Are companies allowed to make you take out a loan and pay interest on the PPI?
Does anyone think i have a valid claim as i paid out ovber £5000 for something that did not benefit me in the slightest and potentially would nothave benefited me under certain pre-existing medical conditions.
Please help as i cannot establish whether i may have a valid claim.
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