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ppi

Hi im hoping someone can help, I took out a loan three years ago and when i said no to ppi i was told i could still have the loan but would have to pay a higher intrest rate than advertised . Was this legal and do i have any comeback on the bank thank.s

Comments

  • dunstonh
    dunstonh Posts: 120,233 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Was this legal and do i have any comeback on the bank thank.s

    Yes. Lenders are allowed cross sale marketing to offer special terms on a product. You still see it today from time to time.
    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.
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