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Ppi
GEMMY
Posts: 9 Forumite
Hi, i had loan 10 years plus, i have the credit numbers, would i claim PPI. I defaulted on the loans would i still be able to claim. I did not request any PPI and i thought it was mandatory, i was not given an option if i wanted it or not. thanx
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Comments
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I defaulted on the loans would i still be able to claim.
You can still make a complaint. However, if your complaint is successful, they can use the money against the default. You need to be careful that your complaint doesnt encourage them to start coming after you for the money if that has gone quiet.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
i went through a 3rd party and paid majority of it off..0
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the rest was written off, thanks for the reply0
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thanks for your help it is much appreciated....0
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They can use the redress to go against the amount written off. So, unless the PPI premium was higher than the amount written off, its not worth it. If it is higher, then you would get the surplus if your complaint was successful.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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