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PPI/Bankruptcy
traderjack_2
Posts: 6 Forumite
Hi, hope you guys can help me.
I had a business account with Barclays that had a £5000 overdraft. In November 2008 Barclays contacted me and said I 'had' to convert my account to a personal loan, or they would call in the overdraft. When I visited the bank I was told I 'needed' PPI to facilitate acceptance of the loan. I was self-employed with pre-existing medical conditions which were not discussed. The PPI was a one-off premium added to the loan.
Unfortunately in May 2010 I had to declare bankruptcy, and obviously the Barclays loan was written off. In view of the bankruptcy, do I have a case for misselling of the PPI?:cool:
I had a business account with Barclays that had a £5000 overdraft. In November 2008 Barclays contacted me and said I 'had' to convert my account to a personal loan, or they would call in the overdraft. When I visited the bank I was told I 'needed' PPI to facilitate acceptance of the loan. I was self-employed with pre-existing medical conditions which were not discussed. The PPI was a one-off premium added to the loan.
Unfortunately in May 2010 I had to declare bankruptcy, and obviously the Barclays loan was written off. In view of the bankruptcy, do I have a case for misselling of the PPI?:cool:
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Comments
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If you have reasons for being mis sold look here
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step2
As you were bankrupt your "win" would go to the OR i believe.0 -
Thanks Amersall, I had not thought of that. can anybody else confirm that please?0
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Yes, many thanks.0
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