Advice please

xxiv

I took out a secured loan with GE money in 2006, it was for 23000
they told me i could only have the loan if i took out protection.
I have recently seperated from my ex and now looking to sell my home
i contacted GE to get a settlement figure so i knew what i was looking at to sell
they came back to me with 28000
can i claim back the PPI and get this figure reduced?
has anybody successfully got money back off GE money
thankyou in advance for any help or adive.

nee-naw

You can claim back the ppi if you can prove that it was mis-sold to you. Hope that helps!

xxiv

yes it is thankyou

marshallka

What are your reasons for misselling? I take it you were not allowed the loan without it.

If you feel this was missold then just take a look at the link here and see what you can add and delete from the template letter. Its always best to do your own from this. There are lots of reason on there for the misselling so pick out the ones that are applicable to yours.

You then write to the firm that actually made the sale of the PPI to you if this is different from the lender and don't forget to send this recorded delivery so you always a proof and dates etc.

After that you have to give them 8 weeks for a full and final response. In this time it is usual to get a response of "sorry we sold this to you fairly" but you then respond to this and reiterate your complaint again. The next time they write they either give you a final response which you would need in order to take this complaint to the FOS or offer to settle.




http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance







Good luck

xxiv

aye they told me i had to take the PPI or they would not give me the loan
Thankyou for the information first letter now sent

marshallka

Good luck and let us know how you go on..;)