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Cancelling PPI

If I cancel the PPI on my credit card, is my interest rate likely to go up?

If so, can I contest this?
As at End of June 2014
Credit Cards - HSBC - £9422
Loans - NRAM £7500 & £12848

Comments

  • CannyJock
    CannyJock Posts: 3,838 Forumite
    1,000 Posts Combo Breaker
    No reason for your rate to go up. Not read any reports of that happening.

    I would contest it.
    "A child of five could understand this. Fetch me a child of five." - Groucho Marx
  • AngryDog
    AngryDog Posts: 445 Forumite
    Thanks CJ - dont see the point in me paying £60 a month in PPI on my credit card - would rather that £60 go towards paying the debt!
    As at End of June 2014
    Credit Cards - HSBC - £9422
    Loans - NRAM £7500 & £12848
  • burke_2
    burke_2 Posts: 10 Forumite
    do you cancel by contacting your CC company or contacting the PPI company ie AXA? as i cant find my policy, i dont know what to do.

    sorry to hijack the thread
  • cifpower
    cifpower Posts: 6,502 Forumite
    You cancel it by contacting the CC company
This discussion has been closed.
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