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Loan stitch up!
ionsgirl
Posts: 1 Newbie
Hi
I need some help! I went to pay off my loan and found out all my interest and ppi had been added at the beginning of the loan therefore, I still have to pay the full amount and wont be able to save any money by clearing the loan early. I don't recall this being explained to me when i got the loan, but it was 4 years ago!
Does anyone know, if anything, what i can do about this?
Cheers x :beer:
I need some help! I went to pay off my loan and found out all my interest and ppi had been added at the beginning of the loan therefore, I still have to pay the full amount and wont be able to save any money by clearing the loan early. I don't recall this being explained to me when i got the loan, but it was 4 years ago!
Does anyone know, if anything, what i can do about this?
Cheers x :beer:
0
Comments
-
Read Martin's PPI guide as you may have a case for PPI mis-selling.
You should still be able to clear the loan early if you ask for an early settlement figure, which should include a PPI refund if the insurance is still running as of today. But note that the biggest PPI expense is earlier in the loan term.0
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