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can i switch ppp on loan?
louismills
Posts: 2 Newbie
in Loans
is it possible to switch my payment protection plan to another (cheaper)provider that i have on my personal bank loan?
0
Comments
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Possibly. Depends how long you have had the loan and the type of PPI policy as to whether it is worth it.
Unfortunately your bank may have you over a barrell if they have a poor refund policy or if they have to stop your loan and offer you one at a higher rate now that interest rates have gone up.
R.Smile
, it makes people wonder what you have been up to.0 -
Different banks have different policies - you will probably have to repay the loan in full and then take out a new loan without the PPI - it's unlikely you can just "cancel" the PPI on its own.0
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