We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

loan with welcome

woodymeg
woodymeg Posts: 206 Forumite
in Reclaim PPI & other insurance
Can i just ask if it is a current loan, do they take the ppi off the amount outstanding or can you request they pay us direct. only got a few months left on this loan.:p

Comments

  • di3004
    di3004 Posts: 42,579 Forumite
    woodymeg wrote: »
    Can i just ask if it is a current loan, do they take the ppi off the amount outstanding or can you request they pay us direct. only got a few months left on this loan.:p


    Hi there Woodymeg.

    What may happen in your case, is that they could do either really, such as refund the amount towards the loan to clear it, and the rest of it plus interest refunded directly to you.

    You could though request if they refund you all the amounts by cheque if you wanted to.

    Good luck with this.;)
    The one and only "Dizzy Di" :D
  • woodymeg
    woodymeg Posts: 206 Forumite
    Hi Di
    Thanks for quick reply,
    will see what happens any way.:D
  • di3004
    di3004 Posts: 42,579 Forumite
    woodymeg wrote: »
    Hi Di
    Thanks for quick reply,
    will see what happens any way.:D


    Good luck honey X;)
    The one and only "Dizzy Di" :D
  • dedogsbolloxx
    dedogsbolloxx Posts: 16 Forumite
    woodymeg wrote: »
    Can i just ask if it is a current loan, do they take the ppi off the amount outstanding or can you request they pay us direct. only got a few months left on this loan.:p
    the money should come straight to you ,unless there are arrears on the account, would also suggest that you get advice on getting a modified agreement at the same rate of interst without the ppi on
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.5K Banking & Borrowing
  • 254.1K Reduce Debt & Boost Income
  • 455K Spending & Discounts
  • 246.5K Work, Benefits & Business
  • 602.8K Mortgages, Homes & Bills
  • 178K Life & Family
  • 260.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture