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Lloyds TSB Loan with unwanted PPI

I took out a loan back in 2004 by direct contact in my local branch with an adviser. Due to my secure employment (6 months full pay & 6 months half pay when unable to work) I did not want PPI and told the Adviser so. He told me that I would not get the loan without the PPI so I agreed as I needed the money urgently.

I don't have any paperwork now and the loan was paid off early in 2008 but Lloyds have confirmed that I paid nearly £4000 in PPI during that period. I don't know if the PPI was paid up front or otherwise but I paid £99 per month for it.

Is this single factor suitable for a successful claim. I have heard conflicting reports.

Appreciate any help.

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