Claiming back PPI while on DMP?

Bunnyinthelights

Hi,
I'm sure that this has been asked, but I can't figure out how to search (doh!)
I'm currently running a DMP thru CCCS and just found my paperwork for a Lloyds Loan that I have been sold PPI on-I was wondering if it's worth me claiming abck the PPI or to just let sleeping dogs lie.
Has anyone tried to do this?
Thanks for your help,
Bunny

Josie64

Bunnyinthelights wrote:

Hi,
I'm sure that this has been asked, but I can't figure out how to search (doh!)
I'm currently running a DMP thru CCCS and just found my paperwork for a Lloyds Loan that I have been sold PPI on-I was wondering if it's worth me claiming abck the PPI or to just let sleeping dogs lie.
Has anyone tried to do this?
Thanks for your help,
Bunny

not sure if this is any help ....hubby has a lloyds tsb credit card on reduced monthly payments and he had PPI on it and he was advised to cancel it before going onto reduced payments but I think they said to make a claim first before going on reduced payments.

Bunnyinthelights

Thanks Josie-
Too late for that now-sigh...
Bunny

fatbelly

If the loan is going into a DMP Lloyds will have to default you first and PPI will then be cancelled. This should be reflected in the balance figure but i don't have the details on how they calculate it and suspect it doesn't reduce the balance owing by much.

Bunnyinthelights

Thanks very much Fatbelly,
YOu've answered my question!
Bunny