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PPI on interest free purchases?

I've just remembered we bought our current suite of furniture about ten years ago. I also remember that the deal was: advertised purchase price split into 24 payments over two years, i.e. a 'zero interest deal'.

Now, am I naive in thinking that there could not possibly have been any hidden PPI in this situation..?

Comments

  • roonaldo
    roonaldo Posts: 3,420 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Strangers on the internet wont know if you had PPI, look at your statements or agreement, or call them.
  • antrobus
    antrobus Posts: 17,386 Forumite
    Or carry out a quick check; does the sum of the 24 payments you made equal the advertised purchase price? If the answer is 'yes', then there is nowhere to hide anything.
  • dunstonh
    dunstonh Posts: 121,297 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Now, am I naive in thinking that there could not possibly have been any hidden PPI in this situation..?

    How would it be hidden?

    i.e. if you borrowed £x amount and paid back £x amount over 24 payments then where would this be hidden?
    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.
  • -taff
    -taff Posts: 15,585 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    And ten years ago is pre regulation for furniture sales like DFS
    Non me fac calcitrare tuum culi
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