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What does PP mean on statement

akp79

akp79 Posts: 2 Newbie

17 March 2013 at 8:47PM in Loans

Hi

Can anyone tell me what PP means on a loan statement? I have received a final statement and next to every payment were the letters PP.

Thanks

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Comments

[Deleted User] Posts: 35,242 Forumite

17 March 2013 at 8:48PM

Payment something, I'd have thought.

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akp79 Posts: 2 Newbie

17 March 2013 at 8:50PM

Am trying to work out whether it has anything to do with PPI and if I can make a claim? Don't want to look silly if I go into the bank!

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somethingcorporate Posts: 9,449 Forumite

17 March 2013 at 9:02PM

What does your paperwork say? does it mention PPI?

If every payment mentions PP I doubt this is PPI if it is against the capital repayment element.

Thinking critically since 1996....
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pheonixrising21 Posts: 446 Forumite

18 March 2013 at 12:13PM

Payment Processed maybe? Ask at the bank, they should be able to tell you wht it means.

Santander Loan [STRIKE]£3003[/STRIKE] £2100

AA Credit Card [STRIKE]£3148[/STRIKE] £2676

Natwest OD [STRIKE]£1500[/STRIKE] £1370

Cahoot OD [STRIKE]£1000 [/STRIKE]£650

Capital One Card [STRIKE]£641[/STRIKE] £400

Total [STRIKE](Jan 12)[/STRIKE] [STRIKE]£9546 [/STRIKE] £7196 (Now)

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