first plus

ajrp66

hi can anyone advise applied to first plus for ppi claim ,was told it was misold and could apply for reclaim ,then got letter in post saying that company that first plus got insurance from was arrow finance and they had gone bust therefore could not claim fpr the misold ppi ,
loan was for 50.000 and ppi was 7000 ,paid this loan off in full when remortgaged and had to pay 62.000 to settle.this was 8 years ago .should first plus still pay this ppi as i got it through loan with them or am i not able to claim like they said .any help appreciated

dunstonh

ajrp66 wrote: »

hi can anyone advise applied to first plus for ppi claim ,was told it was misold and could apply for reclaim ,then got letter in post saying that company that first plus got insurance from was arrow finance and they had gone bust therefore could not claim fpr the misold ppi ,
loan was for 50.000 and ppi was 7000 ,paid this loan off in full when remortgaged and had to pay 62.000 to settle.this was 8 years ago .should first plus still pay this ppi as i got it through loan with them or am i not able to claim like they said .any help appreciated

The lender does not carry the liability for the sale. The seller/broker does.

You say 8 years ago. However, can you give us the exact date you bought the loan/insurance. This is very important as it will determine whether you can go to the FSCS or not.