We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
BUSINESS Loan Protection Insurance
lisahm
Posts: 2 Newbie
Hello!
Am wondering if anyone has tried reclaiming BUSINESS loan protection insurance?
We had a couple of whopping business loans over the past 10 years with NatWest & subsequently Lloyds TSB. The loan is now paid up - and I have requested copies of both sets of T&C for loans, as I have a feeling that loan protection may have been included with the repayments ( it certainly wasn't deducted independently from our account ).
If paperwork shows "pre-ticked" boxes for insurance, will this help any potential claim for policy having been mis-sold ( ie., by having been added on automatically, without the benefits / limitations having been fully explained, so that an informed decision on it's worth to the business could be made ) ?
I'd appreciate any experiences / comments from the mighty forum!
Many thanks, Lisa
Am wondering if anyone has tried reclaiming BUSINESS loan protection insurance?
We had a couple of whopping business loans over the past 10 years with NatWest & subsequently Lloyds TSB. The loan is now paid up - and I have requested copies of both sets of T&C for loans, as I have a feeling that loan protection may have been included with the repayments ( it certainly wasn't deducted independently from our account ).
If paperwork shows "pre-ticked" boxes for insurance, will this help any potential claim for policy having been mis-sold ( ie., by having been added on automatically, without the benefits / limitations having been fully explained, so that an informed decision on it's worth to the business could be made ) ?
I'd appreciate any experiences / comments from the mighty forum!
Many thanks, Lisa
0
Comments
-
Hi And welcome
I have read success of someone making a reclaim of a business loan ppi.
The procedures of making a reclaim is also on lloyds website, good luck.
http://www.lloydstsb.com/payment_protection_insurance_complaints.aspThe one and only "Dizzy Di"
0 -
Alrighty, then! Will wait for T&Cs to come through & see what can be done. Thanks for your input, Di : will keep you informed.
Lisa0 -
Hi. I am just looking at doing a reclaim for miss-sold Business Loan Protector Insurance with NatWest. Can you tell me how you go on please? Very much appreciated.0
-
Hi,you need to look here for reasons for mis sellHi. I am just looking at doing a reclaim for miss-sold Business Loan Protector Insurance with NatWest. Can you tell me how you go on please? Very much appreciated.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step2
If any/all apply to you then put a claim in,you only need the account number.
You will find the questionnaire on the link i gave,fill it in and send to Natwest.
or you could contact them direct .
http://www.natwest.com/global/contact-us.ashx?channel=personal0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards