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New agreement without PPI, NEED SOME HELP,PLEASE
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dinerodinero
Posts: 47 Forumite
Hello,
I am a bit confused and I need some help, please. I have applied for the PPI in my current loan and at the beginning of February I received a letter saying that I will be getting £990.
They told me that I need to have a new agreement and to wait for the letter. Today I have received the new agreement and when I was looking at it and comparing it with my other loan, I realised that in the new one I will have to pay interest of £3,156 which is added to the amount of the loan credit. I did not have to pay that in my old loan and the more worried thing is that the credit on the new loan agreement is higher that the PPI that I was paying before.
My question is do I need/have to pay the interest in the new agreement? And why?
If I do not have to pay it, can you let me know how I can tell them that I would not like the new agreement and the reason why.
Thank you very much for all your help and support
Emma
I am a bit confused and I need some help, please. I have applied for the PPI in my current loan and at the beginning of February I received a letter saying that I will be getting £990.
They told me that I need to have a new agreement and to wait for the letter. Today I have received the new agreement and when I was looking at it and comparing it with my other loan, I realised that in the new one I will have to pay interest of £3,156 which is added to the amount of the loan credit. I did not have to pay that in my old loan and the more worried thing is that the credit on the new loan agreement is higher that the PPI that I was paying before.
My question is do I need/have to pay the interest in the new agreement? And why?
If I do not have to pay it, can you let me know how I can tell them that I would not like the new agreement and the reason why.
Thank you very much for all your help and support
Emma
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dinerodinero wrote: »Hello,
I am a bit confused and I need some help, please. I have applied for the PPI in my current loan and at the beginning of February I received a letter saying that I will be getting £990.
They told me that I need to have a new agreement and to wait for the letter. Today I have received the new agreement and when I was looking at it and comparing it with my other loan, I realised that in the new one I will have to pay interest of £3,156 which is added to the amount of the loan credit. I did not have to pay that in my old loan and the more worried thing is that the credit on the new loan agreement is higher that the PPI that I was paying before.
My question is do I need/have to pay the interest in the new agreement? And why?
If I do not have to pay it, can you let me know how I can tell them that I would not like the new agreement and the reason why.
Thank you very much for all your help and support
Emma
Hi again Emma
I have posted your link here in the above reclaiming thread for Turbo or for anyone who can take a look at this for you.;)
Good luck XThe one and only "Dizzy Di"
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