Loan Passed To Collections, Can I Still Reclaim Ppi

JO28172

Hi
Having Defaulted On A Hbos Unsecured Loan, I Note The Ppi Was Added As A Lump Sum, Meaning The Total Amount Passed On To The Agency Had The Full Ppi Loaded Onto It, Inflating The Amount Outstanding By Around 4k.
Even Having Defaulted (now In A Payment Arangement And Uptodate With The Agreed Monthly Amounts), Can A Claim Still Be Put In For The Ppi, As I Dont See Why I Should Have To Pay For The Ppi When I Certainly Wont Be Able To Claim For It?

natweststaffmember

Yes you can. I would have a look at the reclaim PPI board which should point you on the right path.

di3004

JO28172 wrote: »

Hi
Having Defaulted On A Hbos Unsecured Loan, I Note The Ppi Was Added As A Lump Sum, Meaning The Total Amount Passed On To The Agency Had The Full Ppi Loaded Onto It, Inflating The Amount Outstanding By Around 4k.
Even Having Defaulted (now In A Payment Arangement And Uptodate With The Agreed Monthly Amounts), Can A Claim Still Be Put In For The Ppi, As I Dont See Why I Should Have To Pay For The Ppi When I Certainly Wont Be Able To Claim For It?

Hi there

If you post about your issue on the PPI reclaiming thread, you should receive help with this like Natweststaffmember just said.;)

(I see now the thread has now been moved to the correct part of the forum), cheers.

di3004

JO28172 wrote: »

Hi
Having Defaulted On A Hbos Unsecured Loan, I Note The Ppi Was Added As A Lump Sum, Meaning The Total Amount Passed On To The Agency Had The Full Ppi Loaded Onto It, Inflating The Amount Outstanding By Around 4k.
Even Having Defaulted (now In A Payment Arangement And Uptodate With The Agreed Monthly Amounts), Can A Claim Still Be Put In For The Ppi, As I Dont See Why I Should Have To Pay For The Ppi When I Certainly Wont Be Able To Claim For It?

Yes you can still out in for a reclaim on the PPI here if you feel you were mis sold this in any way, check this link out here for further information:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

This is a useful link also with a reclaim template letter, but try to use your own words if you can with obviously adding your own reasons, they have 8 weeks to respond in full.

If you let us know how you get on we can take it from there, in case another letter is required if not successful first time round.

Post by recorded delivery and hopefully you this will be resolved first time round, if not there are other steps we can take here, so if you can let us know we shall take it from there.

Good luck.;)

JO28172

Fab Guys
Will Keep You Updated!

di3004

JO28172 wrote: »

Fab Guys
Will Keep You Updated!

Not a problem, we are here for you if you need any further help, good luck with this.;)