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Entitled to full PPI if loan paid of early?
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ND3325
Posts: 2 Newbie
Hi,
We had a 10k Lloyds loan 4 years ago and after many letters back and forth they have now offered £950 PPI repayment which is reasonably good result I think but we actually paid off the 10k loan after only 2 years due to selling the house and moving on.
My question is therefore as we had to pay the loan off in full as it was secured against the house and I seem to remember we paid off around 10k to settle this would we have also paid off a "PPI amount" in this loan settlement and if so how do I work out how much it would have been? (Monthly cost was approx £240)
Is it worth fighting on as its already taken nearly a year to get to the above offer but if anyone can advise if I would have paid off the PPI as well as part of the early settlements then i will carry on. Thanks
We had a 10k Lloyds loan 4 years ago and after many letters back and forth they have now offered £950 PPI repayment which is reasonably good result I think but we actually paid off the 10k loan after only 2 years due to selling the house and moving on.
My question is therefore as we had to pay the loan off in full as it was secured against the house and I seem to remember we paid off around 10k to settle this would we have also paid off a "PPI amount" in this loan settlement and if so how do I work out how much it would have been? (Monthly cost was approx £240)
Is it worth fighting on as its already taken nearly a year to get to the above offer but if anyone can advise if I would have paid off the PPI as well as part of the early settlements then i will carry on. Thanks
0
Comments
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If you paid off the loan early you would have received a pro-rata rebate of the amount owing in PPI.
Accept the offer.0 -
Ok many thanks, appreciate the advice. Thanks0
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