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PPI on Business Loans???
Buzz123
Posts: 12 Forumite
Hi
I hope this isn't a stupid question, but is it possible to claim back and PPI or similar on business loans? I am certain I was told I had to have it, in order to even have the loan.
Thanks
I hope this isn't a stupid question, but is it possible to claim back and PPI or similar on business loans? I am certain I was told I had to have it, in order to even have the loan.
Thanks
0
Comments
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I hope this isn't a stupid question, but is it possible to claim back and PPI or similar on business loans? I am certain I was told I had to have it, in order to even have the loan.
It is quite possible you were told to have it and if that was a requirement of the loan, which is very often the case on business loans, then there has been no wrong doing.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 -
It is quite possible you were told to have it and if that was a requirement of the loan, which is very often the case on business loans, then there has been no wrong doing.
Thank you for the prompt reply.
Is this likely to be the case with all business loans, or are there some cases that do have a 'mis sold' case to put forward?
We've had a few over the years and have paid out a lot in loan insurance, which in a lot of cases would be covered within the normal business insurance?0
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