Difference between PPP & PPI

Gettingtherequickly

I have finally got around to looking at reclaiming PPI when I suddenly got a statement from British Credit Trust today which listed loan repayment & PPP. As the car was paid off a year ago, I was a bit surprised to get.

I was also paying PPI to them so was I paying twice? If so, I definitely did not agree to the PPP, was simply told what my repayment would be.

Any advice appreciated.

di3004

Gettingtherequickly wrote: »

I have finally got around to looking at reclaiming PPI when I suddenly got a statement from British Credit Trust today which listed loan repayment & PPP. As the car was paid off a year ago, I was a bit surprised to get.

I was also paying PPI to them so was I paying twice? If so, I definitely did not agree to the PPP, was simply told what my repayment would be.

Any advice appreciated.

Hi there

Good luck on your reclaiming.

I assumed that both PPI and PPP were more or less the same.....
And stands for Payment Protection Insurance and the other:
Payment Protection Premium.

It maybe worth you contacting them to find out what you were paying for on both as well.;)

Common_Sense_2

are you saying that you were sold a ppp policy at the dealership, and then you also took a PPI policy out with BCT?

When did you take the loan out?

robbedofmymoney

Gettingtherequickly wrote: »

I have finally got around to looking at reclaiming PPI when I suddenly got a statement from British Credit Trust today which listed loan repayment & PPP. As the car was paid off a year ago, I was a bit surprised to get.

I was also paying PPI to them so was I paying twice? If so, I definitely did not agree to the PPP, was simply told what my repayment would be.

Any advice appreciated.

is the PPP a much lower amount, if so it could be an insurance to cover the PPI payments if you had to make a claim, otherwise you would still need to pay the premiums,

i know its great isn't it, an insurance to cover an insurance premium, but they really do exist.:eek::eek::eek: