Please help - Confused

Ashleigh2003

I am all new this but am looking into completing forms for an IVA, quite concerned about it but not really any other option... Just before i send the confirmation back I wondered if we have been paying PPI on our Egg, Virgin (MBNA) and Halifax credit cards.. We had a Co-Op loan in 2005/2006 which we paid off, could I just contact Co-Op to find out if we paid PPI?

How did you know you were paying PPI? Was it itemised separately on your bill.. below is what is on my EGG agreement and I'm not sure whether to try and claim - we did call them and they straight out said NO you do not have and have not been paying PPI!!!!


KEY FINANCIAL INFORMATION

1. CREDIT LIMIT

We will set and tell you the Credit Limit from time to time.

2. REPAYMENTS

Each month you must pay by Direct Debit at least the minimum payment stated in your statement by the Payment Date. The minimum payment will be:

the full Revolving Balance if it is less than £5, but otherwise the greater of 2% of the Revolving Balance and £5, or (if it is more) the total of (i) interest and (ii) the Card Repayment Protection premium, both as shown in your statement

SORRY FOR ALL THE QUESTIONS BUT YOU GUYS ARE V KNOWLEDGEABLE!! ALSO ANY ADVICE ON IVA'S

DrSqueeze

Hi

Generally, if you had PPI on a credit card it should be shown on each monthly statement as a separate item. For a loan, it should be shown on the loan agreement either as a separate amount or there should be a comment like "fully protected" next to the loan amount. If in doubt, ask the bank to check.

Some useful info here:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance?utm_source=forum&utm_medium=clicks&utm_campaign=resourcebar

There's a separate board where people discuss the issues with IVAs, might be worth having a look:
http://forums.moneysavingexpert.com/forumdisplay.php?f=159