PPI on loan now paid off

Ladynoluck

I took out an Egg loan with PPI in June 05, but we consolodated our debts with a secure loan in 2006. Is it too late to claim for the PPI. I am self employed and realise now it was of no benefit to me at all.

pinknico

You can claim mis selling on settled loans as well as ones still running.

marshallka

Ladynoluck wrote: »

I took out an Egg loan with PPI in June 05, but we consolodated our debts with a secure loan in 2006. Is it too late to claim for the PPI. I am self employed and realise now it was of no benefit to me at all.

Was their PPI on both of these loans. If there was then I presume you settled one and only had a small rebate against it on settlement. Yes you can claim on them both.

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/rec...urance#reclaim


Good luck

dreamer33

Ladynoluck wrote: »

I took out an Egg loan with PPI in June 05, but we consolodated our debts with a secure loan in 2006. Is it too late to claim for the PPI. I am self employed and realise now it was of no benefit to me at all.

As pinknico stated its not too late at all.

Good luck if you need anymore help just ask