Another 'Do you think I can claim?' thread..

marshallka

finatra26 wrote: »

I see what you mean marshallka - the hard sell claim is usually when people have been given the impression that they won't get the loan without the PPi but if the loan had already been approved & paid out then this would be hard to prove

Exactly, I know there are different views on this one and i am sure the OP will appreciate these too. The rules for PPI are now that they can offer the PPI within 7 days of the loan and that is thought of as OK and this was two weeks later.

noz85

Sorry to confuse.

I've just checked over my docs. It seems that it was actually GAP insurance. the premium was only £250, and it was to be split over 12 months at £20.83

My loan was supposed to be 150.53 a month. This GAP insurance got added to the premium. I was being charged £172 a month (the maths doesn't add up, I know ??)

So, why do my statements show that I was paying £172 every single month up until I settled the loan? Surely the £172 should have reduced after 12 months?

marshallka

noz85 wrote: »

Sorry to confuse.

I've just checked over my docs. It seems that it was actually GAP insurance. the premium was only £250, and it was to be split over 12 months at £20.83

My loan was supposed to be 150.53 a month. This GAP insurance got added to the premium. I was being charged £172 a month (the maths doesn't add up, I know ??)

So, why do my statements show that I was paying £172 every single month up until I settled the loan? Surely the £172 should have reduced after 12 months?

I wouldn't really know with GAP insurance? And especially as it was not added at the time of your loan? Perhaps others will post back on this.