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PPI Claim...but not as we know it
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banky777
Posts: 2 Newbie
Hi there, I have never taken PPI with any loan or credit card (as far as I know anyway!), but about 9 years ago I took out a secured loan with Sterling Credit who then became Beneficial Finance and were owned by HFC Bank.
I don't have all the details to hand but I was told at the time that if I didn't take PPI with the loan, I would have to pay a higher interest rate. The higher rate was still competetive so I agreed to go ahead. I've sinced paid off the loan when I moved house but I wondered if I might have a claim at all?
I don't have all the details to hand but I was told at the time that if I didn't take PPI with the loan, I would have to pay a higher interest rate. The higher rate was still competetive so I agreed to go ahead. I've sinced paid off the loan when I moved house but I wondered if I might have a claim at all?
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Comments
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If you didn't take the PPI, what are you hoping to claim?0
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The additional interest they charged me because I didn't take PPI.0
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The additional interest they charged me because I didn't take PPI.
It doesnt work that way. Cross subsidy deals are allowed.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.0 -
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