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Is This Even Legal??
Bavski
Posts: 9 Forumite
Hi wanted to share my disgust with you, while my blood was still boiling. :mad:
After recently discovering this site, Ive decided to rescue my ailing finances.
I called my present Loan supplier (lloydsTSB) to try to get the PPI cancelled on my loan. No go, but I can get a quote for a new loan without it if I want.. Suprise suprise the new loan has a much lower APR and payments without PPI will save me £4000 over the course of the loan. When I tell them the point of the new loan is to refinance, and not to take out an extra loan, the best APR they can now offer is 19.9%.
Apparently its company policy when refinancing.
If only my credit would allow me to borrow elsewhere, I do it in a shot and theyd never get another penny out of me.
After recently discovering this site, Ive decided to rescue my ailing finances.
I called my present Loan supplier (lloydsTSB) to try to get the PPI cancelled on my loan. No go, but I can get a quote for a new loan without it if I want.. Suprise suprise the new loan has a much lower APR and payments without PPI will save me £4000 over the course of the loan. When I tell them the point of the new loan is to refinance, and not to take out an extra loan, the best APR they can now offer is 19.9%.
Apparently its company policy when refinancing.
If only my credit would allow me to borrow elsewhere, I do it in a shot and theyd never get another penny out of me.
:idea: Lightbulb Moment: December 2006 :idea:
:T Proud to be dealing with my debts :T
:T Proud to be dealing with my debts :T
0
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