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Are you entitled to the entire loan being paid back?
Hello everyone,
I was recently successful at not only getting PPI back, but also a refund on a checking account that was mis-sold. My question is,
If
1. the bank did not tell me they included PPI
2. and mis sold me a checking account in order to secure the loan (not get a special interest rate)
3. Knew that I was self-employed,
can I argue that the entire loan was mis-sold and try to claim the entire loan back?
cheers
I was recently successful at not only getting PPI back, but also a refund on a checking account that was mis-sold. My question is,
If
1. the bank did not tell me they included PPI
2. and mis sold me a checking account in order to secure the loan (not get a special interest rate)
3. Knew that I was self-employed,
can I argue that the entire loan was mis-sold and try to claim the entire loan back?
cheers
0
Comments
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can I argue that the entire loan was mis-sold and try to claim that back?
You can argue that you should have the loan repaid as you didnt like the colour of their carpet if you want. However, you should expect the same level of success with that as getting the loan written off.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I know someone who works in the banking industry who tells me what the bank did was a breach of their license.0
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I know someone who works in the banking industry who tells me what the bank did was a breach of their license.
and you spending the money was a use of their money
you need to prove how you have *actually* been disadvantaged and go for that.Debt free 4th April 2007.
New house. Bigger mortgage. MFWB after I have my buffer cash in place.0 -
I know someone who works in the banking industry who tells me what the bank did was a breach of their license.
Thats what many of these claims companies thought when they started cold calling people about getting their loans written off. However, the court has consistently ruled in favour of the lenders with only very rare cases finding otherwise. Even in those cases, the debt just becomes unenforceable and placed in arrears. Therefore destroying your ability to get credit again (mortgages, monthly paying insurances, mobile phones etc).
There are no known cases of mis-sold PPI resulting in anything to do with the debt.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
can I argue that the entire loan was mis-sold and try to claim the entire loan back?
Why do you think you should not have to pay the loan Back? Did you spend the money?I used to think that good grammar is important, but now I know that good wine is importanter.0
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