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Advice on Egg Loan PPI

alex33333
alex33333 Posts: 3 Newbie
in Reclaim PPI & other insurance
Hello all...

After reading many a post on this site, I decided to dig out all previous loan and credit card paperwork.

To my surprise on my Egg agreement form its showing added PPI, and which from what i've read, was added or 'front loaded' to my loan.

My questions to anyway that can help is, do I have a case if I was totally unaware that this had been applied to my loan?

Thanks in advance

Comments

  • dunstonh
    dunstonh Posts: 121,189 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    do I have a case if I was totally unaware that this had been applied to my loan?

    How were you unaware? You had an agreement showing you the figure. How did you buy the loan? How was the PPI element sold to you? What was done wrong?

    Not being aware of it is an issue but it doesnt mean it is a mis-sale. You may have forgotten. You may have bought in error. What you have is a start but you need to give us a bit more info on how you bought it.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • alex33333
    alex33333 Posts: 3 Newbie
    Hi

    I bought the loan over the phone, the PPI wasn't sold to me as an optional extra, that much I can remember. Had I'd known the monthly loan repayment could of been considerably less than I did pay, I would of declined PPI.

    I bought this loan back in 2005 so have little recollection of the actual call and how the PPI sale element was presented to me.
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    dunstonh wrote: »
    You may have forgotten.
    alex33333 wrote: »
    I bought this loan back in 2005 so have little recollection of the actual call and how the PPI sale element was presented to me.
    You need better than a "little recollection" in order to be successful in your complaint.
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