Hi can anyone help and tell me if PPI is included in my loan?

flossjoss

I started a loan for £25,000 with Loans.co.uk in 2006 for 10 years and put it off the initial 3 months as offered. The end total is nearer £42,000 after 10 years plus 3 months. I think the initial API was 8.9%. Payments are now £365 per month. The agreement has not included PPI but has it been included in without me being told?
Anyhelp would be briliiant......

maxdp

Hi Floss Joss. Ring them up and ask them for a copy of the original credit agreement. It should say on there if PPI had been added.

di3004

flossjoss wrote: »

I started a loan for £25,000 with Loans.co.uk in 2006 for 10 years and put it off the initial 3 months as offered. The end total is nearer £42,000 after 10 years plus 3 months. I think the initial API was 8.9%. Payments are now £365 per month. The agreement has not included PPI but has it been included in without me being told?
Anyhelp would be briliiant......

Hi there

I would contact them on this or if you want to request for a Subject Access Request (SAR) where they should send everything they hold on you going back as far as 5/6 years, they have 40 days to comply, and you enclose a £10 postal order or cheque payment for this request.
You "may" find some documentation on this within the SAR where if any PPI have been added etc.
SAR letter with details here:
http://forums.moneysavingexpert.com/showthread.html?t=1475553
Maybe they would tell you over the phone.

Good luck.

amersall

flossjoss wrote: »

I started a loan for £25,000 with Loans.co.uk in 2006 for 10 years and put it off the initial 3 months as offered. The end total is nearer £42,000 after 10 years plus 3 months. I think the initial API was 8.9%. Payments are now £365 per month. The agreement has not included PPI but has it been included in without me being told?
Anyhelp would be briliiant......

hi there, i am not much good with figures but i would have thought ppi would show on your agreement. the total you owe(i am assuming this is a figure you have asked them for to date?) is the interest. someone with more knowledge may give you a clearer idea on this

amersall

thanks max and di hope you are both well xxx

di3004

Sorry Max, missed your post:o:D, that would defo be the cheaper option to request for the agreement, the most you pay for this is a £1 cheque or by postal order.;) And they have 12 days to send.

di3004

amersall wrote: »

thanks max and di hope you are both well xxx

Hi amersall, not too bad thank you, hope your well too.:D:AX

maxdp

amersall wrote: »

thanks max and di hope you are both well xxx

Fab thank you how you doing.xx

flossjoss

Thank you all for your advice and when I get home and look at the paperwork I shall do what you have suggested. I specifically asked for no PPI when I took out the loan but from a couple of companies(seven marketing and Blue sky) they initially said deffo I had a claim on the phone but when the paperwork was sent it has come back as a no. Sorry for the confusion but very grateful for any help x