canceled loan ppi

busters

i cancelled loan ppi they took it off monthly payment but said total remains the same as at the start i was paying interest is this correct???

zppp

I would suggest calling them to query this, as some banks reduce the term of the loan instead of the repayment. Who do you have the loan with?

busters

Royal bank of scotland

zppp

When did you cancel the PPI? When I cancelled it remained the same for one month, and altered thereafter

busters

I think about 5 or 6 months ago

zppp

I would either call them or go into the branch to query, as RBS does neduce the repayments as standard (I was told). To me it looks like it hasn't been actioned, but thats only my theory. It is best you contact them to ensure this gets sorted.

Rgds

zppp

busters

O k thank you