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jasper1

paddypaddy2
paddypaddy2 Posts: 2 Newbie
in Reclaim PPI & other insurance
Hi there looking for advice, Took out a loan with FIRST PLUS in 2002 Paid off loan in 2003 They charged me £13,000 PPI as they said it was a one payment policy and it had to be added to my loan.never wanted it never claimed on it , sent them the letter from this site last week and got the bog standard give us 8 weeks to look at this claim . Do they experts amoung you think i have a chance of geting my cash back as this was 10 years ago.

Comments

  • di3004
    di3004 Posts: 42,579 Forumite
    paddypaddy2 wrote: »
    Hi there looking for advice, Took out a loan with FIRST PLUS in 2002 Paid off loan in 2003 They charged me £13,000 PPI as they said it was a one payment policy and it had to be added to my loan.never wanted it never claimed on it , sent them the letter from this site last week and got the bog standard give us 8 weeks to look at this claim . Do they experts amoung you think i have a chance of geting my cash back as this was 10 years ago.


    Hi and welcome

    And fingers crossed on your reclaiming, please keep us posted.

    Like any other business really, some successful and others not, where if this is the case keep at them until you receive a final decision, good luck.
    Lots have been successful with reclaiming even from accounts taken out in the 90's and earlier.
    The one and only "Dizzy Di" :D
  • amersall
    amersall Posts: 17,037 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    paddypaddy2 wrote: »
    Hi there looking for advice, Took out a loan with FIRST PLUS in 2002 Paid off loan in 2003 They charged me £13,000 PPI as they said it was a one payment policy and it had to be added to my loan.never wanted it never claimed on it , sent them the letter from this site last week and got the bog standard give us 8 weeks to look at this claim . Do they experts amoung you think i have a chance of geting my cash back as this was 10 years ago.

    This ppi was mis sold,it was a loan on a loan to term end with interest but only covered you for less time than the loan ran.
    The problem you may have is the year,FP may say they cannot deal with this due to the year,or this was sold by a broker.
    You may be lucky and get redress,let me know what response you get from them.
  • paddypaddy2
    paddypaddy2 Posts: 2 Newbie
    result got all my ppi back and the 8% interest new car i think old one had it
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