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PPI Loyds

andymc · 2014-04-02 18:10:22

Hi all, I received a letter and questionaire today regarding an old loan I had and Lloyds wants to know if it was missold. Problem is I don't remember this particular loan as it doesn't have any details only an account number. I could order a SAR but the information will get to me too late about which loan it was, because…

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dunstonh Posts: 119,633 Forumite

3 April 2014 at 10:12AM

As to whether you have a valid claim: If you believe you may have, I say "Make your claim and let them prove it is not valid".

That isn't how it works. They have to show it was suitable and you were eligible. However, any allegation of wrong doing needs to be backed up by evidence. That evidence can be supplied by you or them. If there is no evidence of wrongdoing and you were eligible for cover and it was suitable for you then a complaint would typically be rejected.

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.

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