Help/ Advice needed . . .

micklar_2

Hello Everyone, this is my first post so go easy! I read with interest about claiming PPI back.

I originally took a £9,000 loan in March 2001, with the insurance of £1,116 which meant the insurance cost was lumped in with the loan amount to be repiad, meaning over the term of the loan I would pay 36 x £35.80 (£1288.88 in total).

I then took out another loan in July 2007 for £15,000 (of which £6125.76 was to be used to pay off the other loan), and the insurance cost of £2312.00 lumped in with the loan, meaning over the term the total cost of insurance for this period was 60 x £46.09 (£2765.40 in total).

I then took out another loan in September 2005 for £15,257 (which included £7627.27 to refinance the previous loan, a cash loan of £5000.73 and an insurance loan of £2629.00) plus the interest charges of £2486.80 (including £428.60 interest charge on the insurance premium loan.

I then paid the lot off in October 2006 when I got a mortgage.

Tesco have sent me copies of the paperwork, and one of the original agreements I had from them has got different figures on it as well. All very strange.

Looking through the paperwork, had I have known at the time how much I was paying or if I had have been told that I could have shopped around for it, then I would have, but this was not made clear.

What can anyone suggest I do?

Thanks in advance guys! :beer:

di3004

Hi and welcome.;)


Maybe an SAR may help, this is known as a Subject Access Request, they have 40 days to comply and supply you with the information requested for on the SAR, there is a charge of £10 postal order or cheque payment for this request, link to template below.
I take it all the loans were with the same bank?

If this is the case then all the loan info should be provided within the SAR for the last 6 years in England and Wales, Scotland 5 years, not too sure on Ireland though.
http://forums.moneysavingexpert.com/...html?t=1475553

Good luck and please ask for help when your ready to reclaim if required.