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NIIB finance PPI reclaim ?
johnnywood17
Posts: 2 Newbie
hello there, great forum !!
some advice please. i took a loan out with bank of ireland 5 years ago, last payment next month .loan was for £5000 + ppi over 5 years. the ppi on this was £13 per month, however, 2 years ago i missed a payment and this cycled for 6 months without a single payment being taken for 6 months. finally got a letter from bank stating i was 6 months behind so i had to pay double amount of loan for 6 months to catch up with repayments. i noticed that i was paying £13 less and when i rang them they stated as i missed payments my insurance was automatically cancelled ? so, in a nutshell, i only payed ppi for 2 years @£13 per month. does anyone think its worth my while or did the bank think they were being smart cancelling the ppi ?..many thanks in advance..john
some advice please. i took a loan out with bank of ireland 5 years ago, last payment next month .loan was for £5000 + ppi over 5 years. the ppi on this was £13 per month, however, 2 years ago i missed a payment and this cycled for 6 months without a single payment being taken for 6 months. finally got a letter from bank stating i was 6 months behind so i had to pay double amount of loan for 6 months to catch up with repayments. i noticed that i was paying £13 less and when i rang them they stated as i missed payments my insurance was automatically cancelled ? so, in a nutshell, i only payed ppi for 2 years @£13 per month. does anyone think its worth my while or did the bank think they were being smart cancelling the ppi ?..many thanks in advance..john
0
Comments
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Did you pay the PPI as a single payment each month, or was this included in the monthly payment for the loan?0
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hi, thanks for reply.payment was £114.70 inc ppi then went down to £101.25 after falling into arrears, which was soon repayed .it has stayed at £101.25 per month since, due to end next month, john0
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