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Payment Protection Insurance

How Do You Cancel Ppi On Your Loan

Comments

  • slowen
    slowen Posts: 2,795 Forumite
    1,000 Posts Combo Breaker
    Phone your loan provider and they should be able to cancel it unless it is part of the loan agreement
  • cmjohnson_86
    cmjohnson_86 Posts: 1,468 Forumite
    I cancelled mine via phone after around 9 months. Have just paid the card off and have only just realised I could have tried to claim some back : :doh: :wall: :doh:

    As above, you should be ok as long as you didnt sign up to it for a certain amoount of time. Hope you get it sorted :money:
  • catwoman150
    catwoman150 Posts: 974 Forumite
    I am trying to sort out my finances and I have 3 credit cards, and no loans. Is it worth me trying to cancel my the ppi and trying to get just one from an independent provider?
    Or is is not worth getting it at all?
    If it worth canceling it how do i go about doing it?

    Help please

    thanks
    cross stitch cafe #90 UFO's 6 to finish in 2013, and loads of new kits to boot
    Refunded bank overdraft charges £915 :j
    SPC 2007-2008 #078 aim £500-£341.67
    SPC 2011-2012 #078 aim £500-£426.42
    SPC 2012-2013 #078aim £500 - TBC
  • mo1_2
    mo1_2 Posts: 350 Forumite
    how do you claim back ppi
  • art_student
    art_student Posts: 141 Forumite
    Definately try to cancel it if you can. Phone your loan/credit card provider and tell them you want to cancel it. They should be able to unless it states otherwise in your terms and conditions. If you don't know, it's worth asking. My husband cancelled his PPI on his credit card the other day so now we have an extra £100 per month to put towards clearing the balance!
  • bigdec
    bigdec Posts: 271 Forumite
    Part of the Furniture 100 Posts Photogenic Combo Breaker
    I cancelled mine via phone after around 9 months. Have just paid the card off and have only just realised I could have tried to claim some back : :doh: :wall: :doh:

    As above, you should be ok as long as you didnt sign up to it for a certain amoount of time. Hope you get it sorted :money:

    Just a quick question how do you mean claiming the PPI back
  • Does anyone know if there is any templete letters around for the cancelation of ppi at all

    thanks
    cross stitch cafe #90 UFO's 6 to finish in 2013, and loads of new kits to boot
    Refunded bank overdraft charges £915 :j
    SPC 2007-2008 #078 aim £500-£341.67
    SPC 2011-2012 #078 aim £500-£426.42
    SPC 2012-2013 #078aim £500 - TBC
  • sammyjo_3
    sammyjo_3 Posts: 70 Forumite
    If you switch over to the Loans forum there are templates on there I think.

    We managed to cancel out PPI on our loan, which saved us in total just short of £8000, not bad! We did manage to prove we'd been mis sold it though.....

    Good luck
    Time to make a change .......
    Total debt £25,930 :eek:
    debt free date - Sept 2011 (will try my hardest to reduce it!)

    Proud to be dealing with my debts:D
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