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Lloyds TSB & PPI

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wilky423
wilky423 Posts: 48 Forumite
in Loans
Hi
I took a loan about 8 years ago with Lloyds TSB whilst self employed, but not limited.

As it was so long ago, I cannot find any paperwork, I stopped paying the loan years ago, but it is with a company called Westcott. Think the balance is about £3k, they are not kicking up, but you never know what is around the corner.

As I've got no paperwork, is there anyway I can find out if I was given PPI.

Money is desperate & I am just trying every avenue.

Thanks
Stephen.
Managing my own debts & it's slowly looking better by the month. :T

Comments

  • Peelerfart
    Peelerfart Posts: 2,177 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 12 April 2013 at 2:59PM
    So "x" years ago you owed them £3k and you haven't made any repayments since then, and now you want to know if you can claim missold PPI from them.

    Is that right?
    Space available for rent
  • wilky423
    wilky423 Posts: 48 Forumite
    why not ? I would'nt mis-sell something
    Managing my own debts & it's slowly looking better by the month. :T
  • gb12345
    gb12345 Posts: 3,055 Forumite
    edited 12 April 2013 at 4:07PM
    wilky423 wrote: »
    why not ? I would'nt mis-sell something

    If you did make a claim and it was upheld, it is likely they would use the payment to reduce the balance of your debt.

    So, I would lose the £££ signs that are flashing before your eyes.
  • Moneymash
    Moneymash Posts: 510 Forumite
    Part of the Furniture 100 Posts Combo Breaker Debt-free and Proud!
    gb12345 wrote: »
    If you did make a claim and it was upheld, it is likely they would use the payment to reduce the balance of your debt.

    If they did uphold your complaint there is a clause that states any monies due will be deducted from any outstanding balances. Also, if you put in a claim you are giving your address and acknowledging the debt. The DCA will start hounding you for the remaining balance, PPI refund or no PPI refund!
    Debt-Free day 30th September 2014
  • DevCoder
    DevCoder Posts: 3,361 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Actually if the debt was last acknowledged 7 years ago then it would be statue barred. So good news!!!!!

    Alas, it would also be statue barred the other way ;)
  • Moneymash
    Moneymash Posts: 510 Forumite
    Part of the Furniture 100 Posts Combo Breaker Debt-free and Proud!
    The OP doesn't state the opening balance of the loan, or exactly when he stopped paying it. Also, if you couldn't pay it why didn't you try to use the PPI on it (if it was actually in place). Presumably years ago you were more likely to have had the loan paperwork than now.
    Debt-Free day 30th September 2014
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