We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Early Loan Settlement and PPI
bigrichw
Posts: 1 Newbie
Hi all
I have been in the process of making a PPI, via Motorpoint with Black Horse Finance. Claim raised in Feb 13 - just received my cheque. However, as I only had the loan for 6 months before settling the cheque refund is only for PPI payments over this 6 months or so it seems. The orginal value for PPI was £1300, but I only received £263 back. How can I be sure, that my settlement figure didnt include the PPI payments?
Thanks
Rich:mad:
I have been in the process of making a PPI, via Motorpoint with Black Horse Finance. Claim raised in Feb 13 - just received my cheque. However, as I only had the loan for 6 months before settling the cheque refund is only for PPI payments over this 6 months or so it seems. The orginal value for PPI was £1300, but I only received £263 back. How can I be sure, that my settlement figure didnt include the PPI payments?
Thanks
Rich:mad:
0
Comments
-
The capital of the PPI would have been rebated when you settled the loan. You can ask them for the settlement figure if you wany, they may not give it to you.
You will only be refunded what you actually paid, so if you know you paid more, you can still complain about that.
If you didn't pay more, then you won't get anymore.Non me fac calcitrare tuum culi0 -
After the rebate for the PPI the remainder would have been paid back by you at settlement, ask for a full breakdown of this account as you want to check the redress is right and the 8% if you got it.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards