Lloyds TSB PPI (Or LPI) advice - RESOLVED!

robbedofmymoney

hi,

well done on getting the right decision, :beer::beer::beer:

i can work out what you should expect back, but first i need to know the following.

what month in 2006 was your first payment,
how long is/was the loan over,
and has it been padi off early or still active.

once i have this information i will be able to calculate what you are due back.

cheers

IanW1983

robbedofmymoney wrote: »

hi,

well done on getting the right decision, :beer::beer::beer:

i can work out what you should expect back, but first i need to know the following.

what month in 2006 was your first payment,
how long is/was the loan over,
and has it been padi off early or still active.

once i have this information i will be able to calculate what you are due back.

cheers

First payment was June 2006 and a total of 71 repayments so still paying it off now.

Thanks for your help :T

konpaw

Hi All,

I took a loan for £2800 in 2008. I have a copy of fixedsum loan agreement which says the total amount payabale is £6300 (£4700 for the cash loan and £1600 for the LPI).

When I was takin the loan I didn't realise the LPI was optional. It wasn't offered to me as something additional so I thought it was standard thing and I had to take it. Now, when I am going through the paperwork there is something called ''Your personal Summary & Our Recommendations'' which says I have told them I would have no way to meet my loan commitment if I became unemployed, suffered an accident or sickness, etc. The document also says I have confirmed I don't have any existing insurance so the LPI was recommended to me and I have received all the information on the cost, terms and conditions.

The document is signed by the adviser only.

Honestly I wasn't even asked about whether I need that insurance or not.

Also, I believe the adviser took advantage of the fact I'm foreigner and I wouldn't know what my rights are...

Do you think I could also claim my money back?

Many thanks in advance

amersall

Hi there, look here for reasons for mis sell

http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step2

If any/all apply to you,then you can put a complaint in.
On the link i have given,you will find all the help you need to make a claim.
If you get stuck just ask.