Reclaiming mis sold ppi after a claim

INIGO

Can i reclaim the ppi part of a loan that was mis sold to me AFTER i have made a claim on it. First time post!

di3004

Hi and welcome

Yes you can, however, depending on your reasons as well, and please be aware the amount due will also be reduced due to making a previous successful claim.

Follow the link below to the reclaim questionnaire, as long as you have the account number and your reasons, you can make a reclaim, you do not actually require the paperwork as such, complete the questionnaire, send to whoever responsible for selling you the account, head office or complaints dept, and keep copies for yourself as well.

http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step3

dunstonh

By having a successful claim, then a number of the complaint reasons wont apply (cant say you didnt know you had it or that you were not eligible for example). So, whilst its possible to still complain, it is harder to win your argument. Also, any redress payable would have the amount of your claim deducted from it. A common scenario here is that the amount paid out on the claim is more than the premiums paid. So, no redress is payable even if upheld. So, you may want to check how much you paid and how much you got paid out on the claim.

INIGO

Thank you Di, I have got all the paperwork,details,times/dates of the loan I took out with Natwest in 2007 (one year to run with repayments). I am aware that I would possibly only get back any money I paid,from the time I took out the loan till the claim was made and after the claim ceased (7 claim payments were paid to me) that would seem fair,plus any interest,I also belive any money paid back comes of the loan balance.
Many thanks, INIGO.