We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
MissSold PPi and Guarantee
bigmike555
Posts: 1 Newbie
in Loans
Hi All
I guaranteed a loan for my son which was to mop up his business debts with LLoyds TSB. This loan includes miss sold PPI and I am wondering if the guarantee is invalid because of the miss sold PPI ? He has left the country and left me to pay off the debt.
Any advise welcome.
I guaranteed a loan for my son which was to mop up his business debts with LLoyds TSB. This loan includes miss sold PPI and I am wondering if the guarantee is invalid because of the miss sold PPI ? He has left the country and left me to pay off the debt.
Any advise welcome.
0
Comments
-
You may be able to reclaim the PPI, but you will be liable for the loan.0
-
I take it then you think it was missold not him?
The bank will only take a missold claim from your son as you are merely a guarantor - a double whammy I'm afraid unless you can find him.
Not sure whether you would prefer to throttle him or advise him about this in the future?0 -
Have you written him out of your will yet?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards