Egg Loan / PPI

millsy31

Hi all,

Would someone be able to advise me on the following query.

I took out a loan with Egg and the PPI, however after 2 years of paying PPI i decided to cancel it.

Am I able to claim for the 2 years I was paying it ?

Kind Regards.

Paul.

russt2000

That really depends , did you cancel because you didnt need it or to save money , or do you think it was missold?
was it a single frontloaded policy , did you get a rebate when you cancelled?

Stilojon84

I would be intrested about this too.

I cancelled mine to save money, half way through my loan, I did kick up a fuss though as I didnt no I was paying it orignally as I didnt need it.

I was only 18 at the time and living with my parents.

Can I make a PPI claim on my loan??

russt2000

hi ,definately need more info, what type of policy, pay monthly or one payment added to loan? did you get a rebate when cancelled ?
when you took the loan , who sold you the ppi the same company or through a broker?
why do you think it was missold ?

If it was a single front loaded payment ,then you may have grounds for reclaiming , if it was monthly payment ,you can try to reclaim but it is harder.

All the template letters are available to get the process going .

russ

di3004

Link here below for template letters and useful information, follow the reclaiming procedures on the link:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Stilojon84

Mine was a monthly loan, paying off like £200 per month, then I found out about the PPi charge and it came down to like £150 a month after i cancelled it.

I was sold the loan on the phone after i enquired and I dont recall them even telling me about the PPi at the time.

russt2000

Hi sounds like yours Stilo was a front loaded premium so definately chase ,use the templates Di put up .

paul if you think your situation fits then do the same, follow the guide and use teplates , ammend them to suit yourown cases and make them look individual instead of acopy.

good luck
russ