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!
Firstplus Query re PPI
Options
WelshRob_3
Posts: 7 Forumite
Hello, hope someone can clarify.
I successfully managed to claim back the PPI added to my loan last year. The 5 year PPI policy that was added to my loan came to an end in November 2011 and I received a letter to advise me that I would be advised to look at investigating alternative PPI cover to cover my loan in case of illness. Fair enough I thought.
However, Firstplus are still collecting the same monthly premium from me as before. I contacted them saying that as the policy had ended surely they should revise down the monthly instalment (especially as I would also now have to pay an additional insurance premium to a company I found if I decided to protect the loan).
Firstplus have replied saying that the monthly premium will remain the same as the amount was calculated over the full term.....
I am confused. Surely this isnt right? Can someone advise?
Many thanks:(
I successfully managed to claim back the PPI added to my loan last year. The 5 year PPI policy that was added to my loan came to an end in November 2011 and I received a letter to advise me that I would be advised to look at investigating alternative PPI cover to cover my loan in case of illness. Fair enough I thought.
However, Firstplus are still collecting the same monthly premium from me as before. I contacted them saying that as the policy had ended surely they should revise down the monthly instalment (especially as I would also now have to pay an additional insurance premium to a company I found if I decided to protect the loan).
Firstplus have replied saying that the monthly premium will remain the same as the amount was calculated over the full term.....
I am confused. Surely this isnt right? Can someone advise?
Many thanks:(
0
Comments
-
Hi, anyone got any thoughts on this?
Thank you0 -
Do you mean monthly premium or monthly repayment?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards