Ppi Help Cannot Cancel

madder15

Any help would be much appreciated. I recently seen the documentary by Martin on PPI and found it very interesting. Here's my problems I took out a loan with lloyds some time ago. How they give it to me is beyound belive as i was a single mother and not a home owner at the time.

Anyway, due to financial problems 2 years ago i signed up with payplan and they are helping me no end. i was advised to cancel all my ppi so i wrote letters off to everyone. everyone excepted but not lloyds bank they said i could only have cancelled the policy when i took out the loan. Is there anyway out as right now this is worth about £4000 on my balance.

Any help much appreciated:eek:

defender_of_the_weak

Up front payment protection is almost always a turkey and indefensible. lloyds have been widely reported in the press for foisting these policies on to the unsuspecting public. The only way forward is to make a formal complaint to them on the grounds of this being an unsuitable and costly sale and settle down for a long haul.

We deal with lots of these and Lloyds are the worst at forcing the matter to the financial ombudsman service to adjudicate in the hope that people give up (see also their stance on excess bank charges). Ultimately we win the case but it could take many months. Lloyds have settled some cases at the first time of asking but only where the sale was so poor as to be totally without them having any chance of defence.