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Interest charged on loan due to PPI
Wolock
Posts: 1 Newbie
Are you able to claim the years of Interest paid on a loan due to a mis sold PPI policy being added to it? The PPI Policy is with a company no longer trading Loanline and the loan is with Paragon. Any help would be appreciated ;-)
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Comments
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If you were to be successful, full redress is a refund of all PPI, plus attendant interest, plus 8% simple interest.
The loan interest is clearly a separate arrangement.0 -
Are you able to claim the years of Interest paid on a loan due to a mis sold PPI policy being added to it? The PPI Policy is with a company no longer trading Loanline and the loan is with Paragon. Any help would be appreciated ;-)
Short answer, yes. This should be factored into any redress calculation anyway.0 -
Yes, as "attendant interest".Insider101 wrote: »This should be factored into any redress calculation anyway.
However, the complainant will not be awarded all the interest on his loan of course!0
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