Payment Protection

bubblyhelen

Hi

i'm a new member to this and was looking for some advice if possible?

Yesterday i went to my bank to see if could get my payment protection removed as have had some of my friends not get help when they have lost their jobs.

My bank advised me that my payments for ppi are really high and there are other options for me, however they then told me that i couldnt cancel it midterm!!!!!!!! and would have to make a complaint!

Does anyone have any advice??

amersall

bubblyhelen wrote: »

Hi

i'm a new member to this and was looking for some advice if possible?

Yesterday i went to my bank to see if could get my payment protection removed as have had some of my friends not get help when they have lost their jobs.

My bank advised me that my payments for ppi are really high and there are other options for me, however they then told me that i couldnt cancel it midterm!!!!!!!! and would have to make a complaint!

Does anyone have any advice??

Hi there, you are better off if you have reasons for mis sell to go that route.Look here
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#checklist
If any of these apply to you then write a letter to the bank and give your reasons for mis sell and you want ppi paid to date with interest.Give them 8 weeks to reply and let us know how you get on.

jonesMUFCforever

So because some of your mates tell you that they have had problems claiming you think the same will happen to you?

Read the policy document - see exactly what you are covered for - and how to claim if need be.

Then decide IF you are made redundant or are unable to work due to an accident or illness how you will make the repayments - if your financial situation means that you could afford to repay anyway then you have no need for the insurance - IMO not many people fall into that category!