Unsecured Loan with PPI - can I claim?

silk23

Hi There,

I have an unsecured loan with PPI which I am currently paying off, the loan is with a company called 'Everyday Loans'. Does anyone know if I would be eligible to claim anything back?

I would appreciate any comments or feedback you may have.

Thank you.

di3004

silk23 wrote: »

Hi There,

I have an unsecured loan with PPI which I am currently paying off, the loan is with a company called 'Everyday Loans'. Does anyone know if I would be eligible to claim anything back?

I would appreciate any comments or feedback you may have.

Thank you.

Hi there and welcome.;)

If you were mis sold the PPI for any reason then yes your entitled to reclaim the PPI back, plus the interest.

For more info, check the link here:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

There is a checklist, and template letters on the link, if you believe you were mis sold, and need help with this, let us know.;)

angelin

Sorry, I've just found this. If you are still around, how did you get on? I have an old loan with them and was told I needed PPI. I got such a bad vibe from them, I'm reluctant to ring them even.

amersall

If you have the account number and reasons for mis sell


http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step2
Send the complaint in writing,then you dont have to speak to them.

angelin

I rang them just now to get my loan number and the manager told me that 97% of cases that get sent to them get knocked back because their paper work is so thorough. What do you reckon? If I put it in shall I send it to their office or to the head office?

amersall

angelin wrote: »

I rang them just now to get my loan number and the manager told me that 97% of cases that get sent to them get knocked back because their paper work is so thorough. What do you reckon? If I put it in shall I send it to their office or to the head office?

Put it in,send it to the head office,you will soon find out if their paperwork is "thorough" .

angelin

They are a defensive bunch. I'm still waiting to hear from Welcome, they were very helpful

amersall

angelin wrote: »

They are a defensive bunch. I'm still waiting to hear from Welcome, they were very helpful

Keep at it with these,when you get a response,let me know what they say and we will take it from there.

angelin

Thanks!:):

magpiecottage

angelin wrote: »

I rang them just now to get my loan number and the manager told me that 97% of cases that get sent to them get knocked back because their paper work is so thorough.

That may be the case. Many cases that are upheld are on the basis that post 2005 rules are applied to pre 2005 cases (rightly or wrongly).

This firm only gained FSA authorisation in November 2006 so that particular "trap" will not have caught it.

Why do you think the PPI was missold?

angelin

Because I was told that I needed it to guarantee that I would get the loan. Also at the time, I was just at the start of my career in a "safe" job guaranteed for years, as much as it can be.