Payment Protection Insurance

asp746

i just bought a car on finance and originally agreed to it. Once the policy came through it said i had 30 days to cancel so i wrote to the company to cancel because its £17 a month and barring a disaster i would never need it cos i'm doubling my payments which will mean i will have paid it off in 9mths rather than the original 18mths and also i've been with the same employer 15yrs so barring a disaster there's no way i'll be made redundant.

i have had a phonecall today (at work) saying they've received my letter to cancel and proceeded to interrogate me about why i want to cancel and how i will pay the loan if i lose my job, they also said that they are sending me a form to sign but i'm worried cos i have no other ppi (and don't think i need it for a 9mth duration) and i'm wondering if they turn round and say i have to have it otherwise they wouldn't have lent me the money?? The amount i loaned was £2700.

yelf

if you dont want it dont take it - they can not make you.

asp746

its really worrying, ok i agreed to take it but why if i cancel in writing should i be getting rung at work and made to answer some awkward questions - she was asking me who i was insured with and if i'd spoken to the car salesman. I have no idea why any of the quetions were relevant. i want to cancel and that's that.

i'm just concerned about why she said she will be sending me a form and nothing will be cancelled unti then - its red tape and tbh a bit stressful. I can see them saying well, if you don't have it with us then you must take it out with someone else.

yelf

they're just stalling. they can insist that you have cover, but they can not make you take it out with them.