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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
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You may be able to reclaim the PPI, but you will be liable for the loan.0
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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
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