Joint Loan Query

bmrpds2011

Just looking for some advice please.

I had a joint loan with my ex partner which I paid back in full. We had PPI but as he was named on the loan first he was the only one that would benefit from the PPI. I'm looking into reclaiming the PPI but am not sure if I can seeing as it was a joint loan, just looking for a bit advice on this.

Thanks Money Saving Experts.

di3004

Hi there

I know there is bit of a write up about this on Martin's page below, but it states its unfair for not the 2nd applicant not to be covered, in case they get chased for the payments etc, I would read more into this and see what you think, good luck.


Check this comment made by Martin here.

Do you have a joint loan but the insurance is only in one name?
If you’ve checked your paper work and have found that all names responsible for paying back the loan are not covered under the insurance, which is unfair in itself as either could be chased for money if you get behind with payments, and were told or thought that all names were covered, go to the how to reclaim section.

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