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Canceling PPI Lloyds

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us,thecat&thedebt
us,thecat&thedebt Posts: 859 Forumite
in Loans
:rolleyes: hi everyone


me and my partner are pretty new to this so apoligies if this is posted evrwhere

we have a loan with lloyds tsb and have just had the payments lowered as we were struggling as we are both temporally unemployed i wrote to the complaints dept a month ago saying i wanted the ppi cancelled as it is no use to us cos were umemployed!!! and that we are struggling enough without paying for insurasnce that is useless!!!
two weeks ago i got a letter saying they rec my complaint and are dealing with it along with a caring for you leaflet i have heard nothing since

i dont want them looking into the complaint i just want the ppi removed!!!!

do i contact them again?

any help always appreciated

thanks in advance
:beer: :j OFFICIAL DFW NERD NO 159 PROUD TO BE DEALING WITH OUR DEBTS:beer: :j

If you do a job well, people won't be sure you've done anything at all :rolleyes:

Must claim back bank charges!!!:rolleyes:

Comments

  • Rafter
    Rafter Posts: 3,850 Forumite
    First Post First Anniversary Combo Breaker
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    Sorry - if you are unemployed and have ppi then the insurance should be paying out!

    If you are not covered by the insurance bring a misselling complaint against them and get the insurance paid already refunded.

    R.
    Smile :), it makes people wonder what you have been up to.
  • us,thecat&thedebt
    us,thecat&thedebt Posts: 859 Forumite
    Options
    Rafter wrote:
    Sorry - if you are unemployed and have ppi then the insurance should be paying out!

    If you are not covered by the insurance bring a misselling complaint against them and get the insurance paid already refunded.

    R.

    hi

    the loan was taken out in march and at the time i was employed but my recent job ended as it was a set contract and is not covered by the ppi

    i just cant afford ppi anymore its such a waste of money!!!!!!!!!!!
    :beer: :j OFFICIAL DFW NERD NO 159 PROUD TO BE DEALING WITH OUR DEBTS:beer: :j

    If you do a job well, people won't be sure you've done anything at all :rolleyes:

    Must claim back bank charges!!!:rolleyes:
  • citygal
    citygal Posts: 67 Forumite
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    Sorry to hear about your circumstances :(
    I would be persistent with writing to them- it seems to be the only way!

    I sinscerely wish you good luck :)
    Debt /Overdraft/Everything Free December 2007 :j
  • Old_iron_balls
    Old_iron_balls Posts: 331 Forumite
    Options
    I recently cancelled PPI on both my Lloyds loans - and got full refunds to the tune of just under £4k :)

    When i wrote, it took a while for a response. Then they acknowledged my letter by sending me the good old ‘caring for you’ leaflet.
    A week or so later I got a phonecall telling me what i wanted to hear - Yes they will cancel, and Yes ill get a refund.
    (this is after being told twice on the phone they would NOT cancel !)

    In all I sent three letters and the whole process took a month.
    Trick is dont give up – it can be done.
    If they refuse, write again, and again, and again.

    Good luck
    Debt at highest £16k+
    Debt at lightbulb moment £14,800
    Current debt £6336
    Cleared £4206 in November 05 How ? Bye Bye PPI :)
  • us,thecat&thedebt
    us,thecat&thedebt Posts: 859 Forumite
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    i forgot to update this post

    two weeks ago i rang lloyds and spoke to complaint dept

    they refunded £1007 to the loan with intrest due to me tbc

    so not bad my loan was 7333 is now max 6324 :j
    :beer: :j OFFICIAL DFW NERD NO 159 PROUD TO BE DEALING WITH OUR DEBTS:beer: :j

    If you do a job well, people won't be sure you've done anything at all :rolleyes:

    Must claim back bank charges!!!:rolleyes:
  • Avogirly
    Avogirly Posts: 751 Forumite
    First Anniversary
    Options
    us,thecat&thedebt wrote:
    i forgot to update this post

    two weeks ago i rang lloyds and spoke to complaint dept

    they refunded £1007 to the loan with intrest due to me tbc

    so not bad my loan was 7333 is now max 6324 :j

    Well done, I hope that has really helped you out! :T
    October make £10/day currently £11.02
  • Old_iron_balls
    Old_iron_balls Posts: 331 Forumite
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    another great result ! :)
    dont take no for an answer folks !
    Debt at highest £16k+
    Debt at lightbulb moment £14,800
    Current debt £6336
    Cleared £4206 in November 05 How ? Bye Bye PPI :)
  • RichyRich
    RichyRich Posts: 2,090 Forumite
    First Post Combo Breaker First Anniversary
    Options
    PPI Insurance is really expensive too. When I worked at Abbey I had to sell the stuff.

    They make an absolute bomb out of it
    #145 Save £12k in 2016 Challenge: £12,062.62/£12,000.00 Beginning Balance: £5,027.78 CHALLENGE MET
    #060 Save £12k in 2017 Challenge: £11,03.70/£12,000.00 Beginning Balance: £12,976.79 Shortfall: £996.30:eek:
    This is the secret message.
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