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Business Loan - PPI
*_*_20
Posts: 1 Newbie
Hello
My company took a loan from Lloyds TSB in 2008 and is still repaying it. The Business Loan Repayment Insurance Premium was set @ £1K+. At the time my business manager said something along the lines that if I get sick, have accident or worse this will cover my repayments. I was hesitant to sign this but he insisted that I may not get my loan approved so I "had" to sign. I have Business Loan Agreement and BLRI Certificate and Summary (questionnaire). Having seen all the buzz around mis-sold PPI's I was wondering if I have a case here?
Many thanks
*_*
My company took a loan from Lloyds TSB in 2008 and is still repaying it. The Business Loan Repayment Insurance Premium was set @ £1K+. At the time my business manager said something along the lines that if I get sick, have accident or worse this will cover my repayments. I was hesitant to sign this but he insisted that I may not get my loan approved so I "had" to sign. I have Business Loan Agreement and BLRI Certificate and Summary (questionnaire). Having seen all the buzz around mis-sold PPI's I was wondering if I have a case here?
Many thanks
*_*
0
Comments
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I was wondering if I have a case here?
Can you prove you were told you have to have it? If not, then you are probably looking at needing another reason for complaint.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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