Can I reclaim my PPI charges

tinagina

I wonder if anybody can tell me if I can reclaim the PPI charges I paid. I took out the loan of £7500 (paying back a lot more) over 4 years with Barclays Bank in 2004 or 2005. The person at Barclays setting up my loan asked about my employment status and I told him that I had a short-term contract for 2 years. He said I still would be covered and that it would be beneficial if I took out a PPI just in case I would lose my job. Was the PPI mis-sold to me or not and have I got a chance of claiming back those charges? Would Barclays have paid my loan when my contract came to an end and I wouldn't be able to find another job?
Thanks Tina
(sorry my written English isn't very good)

tiggrae

tinagina wrote: »

I wonder if anybody can tell me if I can reclaim the PPI charges I paid. I took out the loan of £7500 (paying back a lot more) over 4 years with Barclays Bank in 2004 or 2005. The person at Barclays setting up my loan asked about my employment status and I told him that I had a short-term contract for 2 years. He said I still would be covered and that it would be beneficial if I took out a PPI just in case I would lose my job. Was the PPI mis-sold to me or not and have I got a chance of claiming back those charges? Would Barclays have paid my loan when my contract came to an end and I wouldn't be able to find another job?
Thanks Tina
(sorry my written English isn't very good)

you would have to check the policy details but it is unlikely they would have paid out anything on a claim against it as you were on a short-term contract and I would say almost definately not at the end of the contract were you unable to find alternative work !