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Is it worth reclaiming?
KarlF
Posts: 21 Forumite
I took out a loan with Barclays when I was 18 for £3-£4K and suspect I was missold PPI. At the time of taking out the loan, I was told that I should get ppi "as it would increase my chances of being accepted" for the loan.
The problem is, about 2 years into paying off the loan, I defaulted and ended up on a payment plan with debt recovery agent. As it was back in 2008 when I took out the loan, I no longer have any paperwork for the loan or for the debt recovery agent (all mones owed have been payed off for a few years now).
Is it worth or even possible to claim back the ppi?
Thanks
The problem is, about 2 years into paying off the loan, I defaulted and ended up on a payment plan with debt recovery agent. As it was back in 2008 when I took out the loan, I no longer have any paperwork for the loan or for the debt recovery agent (all mones owed have been payed off for a few years now).
Is it worth or even possible to claim back the ppi?
Thanks
0
Comments
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Is it worth or even possible to claim back the ppi?
If you complain and succeed then the redress payment can be used to repay the default. If that has gone quiet and you are not being chased for the money, it may be better to let sleeping dogs lie.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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