Natwest and the loan of doom

Splather

Hi all.

Need a bit of advice. I took a loan out at the tender age of 19, and some years later, I still have the remnants of it.

Current outstanding balance: £2900
APR: Unknown - paperwork I found says 8%, but when I rang to check some time back they said 14.9%.
Monthly payments: £219

Also, the loan has PPI which they told me was compulsory for me to get the loan (when I topped it up some years ago). I know that this is misselling and intend to claim.

Now - I had an accident recently and I've just had notification that I'll get £3k compo in the next fortnight or so, which is perfect for getting (partially) debt free!

So... here are the questions:

1. Do I request an early settlement figure in-branch, in writing, or can I do it over the phone?
2. Should the £3k cover it, hypothetically?
3. Can I still file a PPI misselling claim, even though I will be settling the loan shortly?
4. I gave them grief over bank charges a while back and got £1800 off them. Are they liable to have an eppy and try to close my account/claim my overdraft back immediately now that I'm paying early and lodging a PPI misselling claim?

Thanks in advance for any advice you can offer

Splath x

_Andy_

1/2 ring them
3 yes
4 very unlikely

Stuart_1980

I am new to the whole forum thing so not sure if this is allowed but here goes,

I can give you the number of a company who can investigate and assist you with a PPI Claim if you wish, and of course if that is allowed.

CLAPTON

if you have PPI, could you not claim on that when you had an accident?

Happytogetdebtfree

You can claim for ppi your self and have all the cash yourself, if you go through a company you will loose a good percentage and its a case of sending some letters that are available on the forum.... if youhavent claimed on the ppi get it back and then maybe once its back pay the loan off all the best

Wutang_2

Stuart_1980 wrote: »

I am new to the whole forum thing so not sure if this is allowed but here goes,

I can give you the number of a company who can investigate and assist you with a PPI Claim if you wish, and of course if that is allowed.

Ignore this terrible advice and do it yourself!

Typhoon2000

If PPI was a condition of the load then it is not misselling.

Kavanne

Typhoon2000 wrote: »

If PPI was a condition of the load then it is not misselling.

Er.... Yes it is.