We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
PPI Loan Restructure Fee
Lone_2
Posts: 3 Newbie
Hi
I have received my letter from the bank telling me that they uphold my complaint and will pay back the miss-sold PPI.
They give me a breakdown of the sums, adding 8% interest, but then take £815 for loan closure.
How can I complain that this fee is unfair, they conned me in the beginning, why should I have to pay extra ?
Many Thanks
Jason
I have received my letter from the bank telling me that they uphold my complaint and will pay back the miss-sold PPI.
They give me a breakdown of the sums, adding 8% interest, but then take £815 for loan closure.
How can I complain that this fee is unfair, they conned me in the beginning, why should I have to pay extra ?
Many Thanks
Jason
0
Comments
-
Is you loan being restructured or are they clearing the balance?0
-
Hi
They are restructuring the loan, so I now pay the loan minus the PPI
Jason0 -
Then they shouldn't be charging you. The idea is that they put you in a position you would have been in if PPI was not originally added to the loan.
You need to challenge this.0 -
Ok, I guess I can put my case the Ombudsman, and they will look at the case ?
Jason0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.7K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards