PPI RECLAIM and impact on credit rating

Does anyone know if it is possible to claim against a product supplier in the case of PPI where the premiums or excessive costs cause my credit rating to be damaged?

Comments

  • -taff
    -taff Posts: 14,473 Forumite
    First Anniversary Name Dropper Photogenic First Post
    Your problem is not PPI then.
    If you want to complain it was missold, you can. If you want to take someone to court for damaging your credit rating, good luck with that.
    Shampoo? No thanks, I'll have real poo...
  • Dox
    Dox Posts: 3,116 Forumite
    First Anniversary Name Dropper First Post
    Does anyone know if it is possible to claim against a product supplier in the case of PPI where the premiums or excessive costs cause my credit rating to be damaged?
    You can claim - anyone can - but you will lose. You always had the option of cancelling the PPI if you couldn't afford the premiums.
  • dunstonh
    dunstonh Posts: 116,276 Forumite
    Name Dropper First Anniversary First Post Combo Breaker
    2013 thread revival (and post that revived it deleted).
    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.
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