where do I stand PPI claim?

chris_0_2011

Back in 2007 i took out a loan with lloyds for £5000 which included PPI. Two months after this, I lost my job. This was a new job and I was only with the company for a month. I contacted Lloyds about the PPI and they declined my claim due to me losing my job during my probationary period. At that point I wasnt happy as this was not explained when I bought the policy but left it there as I had other things to concentrate on( getting a new job)

When the PPI misselling issue was raised a few months back I decided to put an official complaint in. Lloyds have logged the complaint and have sent me a response saying the will come back to me within 3 months.

During the period I was out of work I continued to pay back the loan . However the knock on effect left me with a number of other debts(credit cards etc that I had no choice but to use as I had no income). Within a year I had decided to take out another loan(£10000) with lloyds tsb to consilidate the debt I had got myself into. I believe the PPI insurance not paying out had a direct impact on this. Do I stand anywhere with this? I not getting my hopes up with the existing complaint, however do the circumstances I encoutered after my claim was rejected add current weight to my existing complaint?

Thanks

Chris

Little_Miss_Uni-Debt

Hi Chris,

I'd be interested to hear how this turns out for you.

The exact same situation happened to me in 2007 with a loan from HSBC.

I was made redundant within a 90 day period of taking the loan out and they said I couldn't claim. I fell into debt due to this.

I made a complaint regarding the PPI and my bank charges. They then started to say I had been misinformed and could have claimed back then. Grrrrr! I got all my bank charges back but they refused on the PPI.

I cancelled the PPI mid-way through the loan term, I want to claim for the remaining £500 I paid for useless insurance, useless service and mis-information at point of sale. I hope you get a good result on this as it will give me hope for my claim.

Keep us updated!