business barclayloan ppi claim

carlswindon

hi everyone im new here just wondering if anyone has claimed back loan insurance on a barclays business loan i had a loan with them in 2007 for 3 years i borrowed 16000 was told by the bank that my chances of being approved was greater if i took it. i looked on my agreement and the loan protection is actually listed as a loan premium which i paid just under 2500 over the course of the loan does anyone think i am entitled to claim this back oh to add to it too i also had no information on the protection if i needed to claim not even a phone number

thanks
carl

di3004

Hi and welcome

And yes you can.

I have just helped my bro in law with one now, he taken one out in the late 90, business loan that included PPI, and he have just been successful.

Do not worry about trying for the paperwork if you already have the account number and you know you were paying ppi, just simply complete the reclaim questionnaire and send to the ones responsible to setting it up, head office or complaints address, and keep a copy for yourself as well, good luck.:)

http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step3

rob_wiltshire

di3004 wrote: »

And yes you can.

I have just helped my bro in law with one now, he taken one out in the late 90, business loan that included PPI, and he have just been successful.

That is very interesting and encouraging to hear - I am currently in the early stages of trying to recover insurance on a LloydsTSB Business Loan (sent off about seven weeks ago) from 2004 and amongst all the thousands of people claiming for personal policies hadn't been able to find much info about PPI on Business Loans.

I feel there are a number of complicating factors in my case (Business (limited company) paid the premium but is no longer trading, bank account now closed, a potential for a tax liability as I presume the company would have been allowed tax relief on the premium) but I have my fingers crossed