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Advise wanted
trymyluck_2
Posts: 2 Newbie
As anyone had any dealings with Endeavour personal finance?
Took out a loan in 2004 for 25k over 25 years, had a few financial difficulties in 2007 and fell 2 months behind which was repaid over the next few months.
I cancelled the ppi in March 07 and with repaying arrears did not realise that my payments had not been reduced. I recently had a statement from them and still owe nearly as much as I borrowed.i I contacted them and asked for a copy statement from the beginning of the loan. The paperwork says:
initial loan £25,000
insurance premium £3,375
total borrowed £28,375
It shows an adjustment of 914.75, is this ppi refund??
I have since found a copy of a documents regard ppi that says:
covers first five years
payment insurance 3720.00
Interest 5334.00
total 9054.00
it looks like i'm still paying for ppi and interest even though i've cancelled it.
CAN I CLAIM IT BACK////
CAN I CLAIM IT BACK ???????????
Took out a loan in 2004 for 25k over 25 years, had a few financial difficulties in 2007 and fell 2 months behind which was repaid over the next few months.
I cancelled the ppi in March 07 and with repaying arrears did not realise that my payments had not been reduced. I recently had a statement from them and still owe nearly as much as I borrowed.i I contacted them and asked for a copy statement from the beginning of the loan. The paperwork says:
initial loan £25,000
insurance premium £3,375
total borrowed £28,375
It shows an adjustment of 914.75, is this ppi refund??
I have since found a copy of a documents regard ppi that says:
covers first five years
payment insurance 3720.00
Interest 5334.00
total 9054.00
it looks like i'm still paying for ppi and interest even though i've cancelled it.
CAN I CLAIM IT BACK////
CAN I CLAIM IT BACK ???????????
0
Comments
-
Read the thread Di started, you will get all the info you need from her.
https://forums.moneysavingexpert.com/discussion/3474451
Same year as yours too.0 -
thanks for that, i'll have a look0
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