Black Horse Loan

newyorklover

Hi folks,

I sent away a letter to request a copy of my loan agreement and terms and conditions to Black Horse. I no longer have any paperwork for this loan but I reckon I would have had ppi on it (but need the paperwork to check for sure). However they have sent me a statement of account which details for each month the payment made and the interest added. All it says is Direct Debit Payment £120.92 and interest £68.61 (although this varies each month obviously). The loan was taken out in December 2003 and settled in November 2009 (although it had defaulted and we agreed on a partial settlement with the collections agency).

Anyway, just wondering what I should do now.....or am I missing the point....would it state ppi on this statement? ppi could be part of the 'direct debit payment' but there are no details?

Cheers

amersall

It should show ppi on this,does it give it give a breakdown of loan amount and interest etc that was applied for initially?.

newyorklover

No...it doesn't show anything really....Basically just
Date: 'direct debit payment'
'interest'
Date: 'Direct debit payment'
'interest'
....and so on every month.
But no info on actual loan agreement or interest rates etc.

DrSqueeze

Write back and ask them for a copy of the loan agreement, or a breakdown of the amount borrowed.

That will show whether there was PPI added to the loan.

amersall

Give them a ring and ask if you have ppi on this loan, if you do they will take your deatils over the phone.
http://www.blackhorse.co.uk/Motor/PPIComplaints.html

If you have ppi then look here for reasons for mis sell and you can tell them your reasons.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step2


Also, try this with your Egg ppi.

newyorklover

Thanks folks