FRONTLOADING ????? can anyone explain more

KJM333

Okay, I have spoken to a few of you on here which has been helpful. I was made aware of the borrowing to borrow (being charged interest on the PPI monthly payment. Frontloading was the term I was given. I've been trawling the net to give me a clear definition.

I had superceeded a number of loans with a particular bank since 2000. On some occasions I would speck to the bank to see how much of the loan was paid off purely due to situations at the the time, only to find that after, what I thought was a reasonable period of time to take a chunk off the amount, that I had only really just touched it. Did that mean that they had added the PPI on to the front of the 5 year repayment agreement and would have meant that I had been charged interest on it too?

Today I have made the initial enquiries with the back to make the claim and they will be calling me back with in 5 days to take the details of my claim.

Although written in a thread further down, there seems to be a bit of conficting advice as I was also not made aware when taking the PPI for the credit card and the loans that I was able to source PPI from an independant company at less than half the cost. I didn't even know these companies existed until 2009! a mere 9 years!

Just one more thing, do barclaycard charge interest on their ppi? I paid my card off monthly and now it's concerning me that they have been charging me interest on it too!

I really appreciate everyones help and advice. I look forward to hearing from you.

[Deleted User]

KJM333 wrote: »

Today I have made the initial enquiries with the back to make the claim and they will be calling me back with in 5 days to take the details of my claim.

Why don't you follow the advice article as I told you earlier? There is no reason to "wait five days" and a verbal complaint over the 'phone is definitely much more open to misinterpretation than a written one.

KJM333 wrote: »

there seems to be a bit of conficting advice as I was also not made aware when taking the PPI for the credit card and the loans that I was able to source PPI from an independant company at less than half the cost.

There is no conflicting advice on that thread. You cannot complain that you weren't told about other insurance being available elsewhere, it's not a mis-selling complaint.

Please don't start any more new threads about this. You have already been informed what constitutes a valid complaint and been referred to the MSE advice article.
Any more discussion should continue on the original thread:
https://forums.moneysavingexpert.com/discussion/comment/54373383#Comment_54373383

KJM333

I have only just received your deatils on the other thread so I will take it from there. You seem to appear that I was ignoring your advice??!! By the way I did not say that the conflicting advice was from this site alone. You and one other has agreed with one point whist other bodies have disagreed. Either way I just need advice. I will respond to your post and leave this thread.

Regards