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PPI and LPI
scattygirl
Posts: 1 Newbie
can anyone please tell me if ppi and lpi is the same, on my loan agreement it says loan protection insurance and before i make a claim i wanted to know if this was the same
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Comments
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scattygirl wrote: »can anyone please tell me if ppi and lpi is the same, on my loan agreement it says loan protection insurance and before i make a claim i wanted to know if this was the same
Hi there,;)
I assume it means the same thing.
If you think you have been mis sold write to them by giving your reasons, they have 8 weeks to respond in full, keep on at them until you receive the final response which should give details of the financial ombudsman service (FOS) you should be able to take your complaint to the FOS if your not satisfied with the outcome of your complaint, post all letters by recorded delivery.
More info with useful guidelines, and templates on the link here:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance
Good luck and if you require any help, please let us know.The one and only "Dizzy Di"
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PPI is a generic term and covers a range of plans and types. Not all PPIs are mis-sales or problem products. It is the loan payment protection though that often is.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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