PPI from 2003 Lloyds

Kazaa218917

Hey folks

I dont know where to start on the forums so thought I might as well ask the question.

I currently have a loan with Lloyds Bank and had it for the last 2 years or so.

Previously in 2003 I took out a loan with them and I know for sure that they sold me PPI. Now, what happened was that my circumstances changed, I lost my job and had to call them up so that they could "help me out". The PPI never kicked in when my circumstances changed.

Lloyds have a direct contact when it comes to PPI insurance. My question is....is it worth contacting them directly?

and, can I still claim back? since it was back in 2003?

Cheers folks

NewcastlePaul

I am currently going through a claim for as far back as 2001.
If you don't try you can't win

Kazaa218917

NewcastlePaul wrote: »

I am currently going through a claim for as far back as 2001.
If you don't try you can't win

thanks. Only thing i wouldnt want is them turning around and saying...well we will close your account and we demand ur current loan is settled immediately.

Is that possible?

[Deleted User]

Kazaa218917 wrote: »

I lost my job and had to call them up so that they could "help me out". The PPI never kicked in when my circumstances changed.

You cannot complain because the insurance didn't pay out automatically. Of course you had to inform them of your redundancy!

Kazaa218917

Moneyineptitude wrote: »

You cannot complain because the insurance didn't pay out automatically. Of course you had to inform them of your redundancy!

that was the first thing that i did and thats why they had to do me a favour and help me re arrange my payments into lower amounts. Sorry didnt mention that.

but as i said my main concern is the existsting loan. Can the turn and say they want their money back?

[Deleted User]

Kazaa218917 wrote: »

but as i said my main concern is the existsting loan. Can the turn and say they want their money back?

No, but if you are in arrears or have defaulted then they can use any redress (should it be awarded) to pay off the loan. Otherwise, a PPI complaint has no effect on existing financial agreements...

Kazaa218917

Moneyineptitude wrote: »

No, but if you are in arrears or have defaulted then they can use any redress (should it be awarded) to pay off the loan. Otherwise, a PPI complaint has no effect on existing financial agreements...

Nah im all up to date with that.

cheers