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ppi claim back on policy

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hi did not know i had ppi on bank loan claimed for miselling received cheque but realised during term i was of work for 8 months due to bad illness as i did not realise i had ppi can i claim back on policy

Comments

  • dunstonh
    dunstonh Posts: 119,674 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    No. As your complaint for mis-selling was successful, you can no longer claim on the policy.
    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.
  • roonaldo
    roonaldo Posts: 3,420 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You have already been put back into the position had you not taken out the PPI, they cannot do this and now redress you for 8 months successful claims. You cannot say you shouldnt have been sold the policy and also say you want to use it!

    Also you cannot now seek further money as you have already accepted the mis-sale redress.

    It's time to put forget about this.
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    hockett wrote: »
    i was of work for 8 months due to bad illness as i did not realise i had ppi can i claim back on policy
    You cannot now claim on the policy at it is cancelled and you've already received full redress. Realise that your redress would have had the amount of any such claim deducted from it, so you are not losing out in any way.

    Cashing your cheque was the end of the matter.
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