Could this be worth chasing **more good news!**

kev1111

In the last 6 years I have had 3 loans each sold to me with PPI.

I feel that this PPI was sold to me incorrectly.

One loan was for 5k and for 7k and then the final one was for 14k.

All loans are now settle, but am sure I can still claim.

Is it worth me chasing this with loan companies, does it sound like if I win i could receive a high amount of cash back?

3 companies involved are LLoyds, AA and Alliance and Leicester, which to my knowlegde have all been fined for this issue.

Please advise

Thanks

Kev

marshallka

kev1111 wrote: »

In the last 6 years I have had 3 loans each sold to me with PPI.

I feel that this PPI was sold to me incorrectly.

One loan was for 5k and for 7k and then the final one was for 14k.

All loans are now settle, but am sure I can still claim.

Is it worth me chasing this with loan companies, does it sound like if I win i could receive a high amount of cash back?

3 companies involved are LLoyds, AA and Alliance and Leicester, which to my knowlegde have all been fined for this issue.

Please advise

Thanks

Kev

All single premium PPI is worth chasing. Get the letters in.

Have a look through the guide here

http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

I would advise make the letters your own from the templates and also give them 8 weeks to reply with a full and final response. Send everything recorded delivery so you have proofs.

kev1111

Thanks

Letters are in the post :}

kev1111

does it sound like i could be receiving rather quiet a bit back?

marshallka

kev1111 wrote: »

does it sound like i could be receiving rather quiet a bit back?

If you have genuine reasons for the misselling then you would be put back into the position as if you never had the PPI on each loan.

kev1111

i am concerned the sales assistant that sold me the policy has no financial background and the policy was not sold in my best interests

the salesperson stated / implied that taking out the policy would assist my credit application.

The salesperson was very pushy in selling me the policy so that I felt I could not say no.

Are those good enough grounds?

di3004

kev1111 wrote: »

i am concerned the sales assistant that sold me the policy has no financial background and the policy was not sold in my best interests

the salesperson stated / implied that taking out the policy would assist my credit application.

The salesperson was very pushy in selling me the policy so that I felt I could not say no.

Are those good enough grounds?

Hi Kev

Well I think you have good reason there to reclaim.
The sales person more of less told you it was basically the part of having the loan.
And of course you were pressurised.
Go for it.;)

kev1111

could be a few grand someone has told me

di3004

kev1111 wrote: »

could be a few grand someone has told me

It all adds up Kev and remember there is interest to reclaim as well.;)

marshallka

kev1111 wrote: »

could be a few grand someone has told me

It could be a few grand but if they do not uphold them with your letters and it has to go to the Ombudsman then be prepared for a long wait. It is worth it though so many say on here.

kev1111

Fingers crossed it goes well, something tells me am in for the long haul though