Alliance and Leicester - PPI Mis-sold?

NEWLIFE_WANNABE

Just had a letter from A&L today regarding PPI on loans taken out over the phone between 14 Jan 2005 and 31 Dec 2007. Thought it may be of interest to other DFW's on this board. The letter is very difficult to go through but from what I can gather they are deeply concerned that some of their loans sold with PPI were misold due to not making it clear that the PPI was optional and also not being clear about the cost of the cover, early repayment and PPI and possibly exclusions and limitations.

I have just entered a DMP with CCCS and A&L are one of my creditors although the loan only has about £800 left on it. I didn't even realise that I had PPI on this loan until I started on my DFW journey so I need to cancel it anyway.

Any advice on the best process to go down. I will respond to the letter issued by A&L as I believe I was misold the PPI as I remember them being told that I could only have the loan with the insurance, but how do I stand with the DMP and can A&L just cancel the PPI due to this?

Any help appreciated.

di3004

NEWLIFE_WANNABE wrote: »

Just had a letter from A&L today regarding PPI on loans taken out over the phone between 14 Jan 2005 and 31 Dec 2007. Thought it may be of interest to other DFW's on this board. The letter is very difficult to go through but from what I can gather they are deeply concerned that some of their loans sold with PPI were misold due to not making it clear that the PPI was optional and also not being clear about the cost of the cover, early repayment and PPI and possibly exclusions and limitations.

I have just entered a DMP with CCCS and A&L are one of my creditors although the loan only has about £800 left on it. I didn't even realise that I had PPI on this loan until I started on my DFW journey so I need to cancel it anyway.

Any advice on the best process to go down. I will respond to the letter issued by A&L as I believe I was misold the PPI as I remember them being told that I could only have the loan with the insurance, but how do I stand with the DMP and can A&L just cancel the PPI due to this?

Any help appreciated.

Hello there

This should make no difference with DMP or not to what I know of, so you go for it, afterall its seems you have a case here and if this wasn't mis sold to you in the first place then maybe you would not be in this position now, so yes I think you could have a good case here.

Good luck.;)

pinknico

They may however take any PPI you were mis sold off the arreas first rather than giving it straight back to you.

NEWLIFE_WANNABE

pinknico wrote: »

They may however take any PPI you were mis sold off the arreas first rather than giving it straight back to you.

Hi Pinknico,

yes thats what I thought although I think the loan was originally for about £6000 so I am hoping that there might be enough to either pay off what is owing and/or give me a little back!

I have written my reply using stuff from the template letter so fingers crossed and I will keep you posted.