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ppi can i claim on this one?

steel54
steel54 Posts: 1 Newbie
in Reclaim PPI & other insurance
hello, i have had ppi now for 6 years and my loan finishes next year, however i would like to know if i can claim on the premise that i have recently looked at the paperwork and it is VERY expensive, more than i expected.
does anyone know if this will work?
thanks

Comments

  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    That's ludicrous. Claim because it's expensive? How can it be more than you expected, it would have been on your paperwork at the time.
  • amersall
    amersall Posts: 17,037 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    This is front loaded ppi and is expensive,it is a loan upon a loan that you pay interest on to term end,the FOS dont look too kindly on this type of ppi.

    Look here for reasons for mis sell,front loaded is one, and if anymore apply to you then put a claim in.

    http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step2
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    Hold on, when has the OP stated it's a lump sum policy?
  • dunstonh
    dunstonh Posts: 121,292 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Cost is not grounds for complaint.
    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.
  • amersall
    amersall Posts: 17,037 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    _Andy_ wrote: »
    Hold on, when has the OP stated it's a lump sum policy?

    I assumed this,if i am wrong, the op (if they come back on) will prove me right or wrong.
This discussion has been closed.
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