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Payment protection 'rip off' or not?
darren3868
Posts: 1 Newbie
in Loans
Took a secured loan out a few years ago and took payment protection. The whole charge was applied to the loan value of £8750. When we settled after a couple of years we had to repay all this £8k even though we'd only had 2/3 years of benefit from it!! Could we be entitled to claim this back??
Many thanks anyone who could help!!
Many thanks anyone who could help!!
0
Comments
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It depends on the policy and what you signed up for.
Some are single premium policies which in theory should cover you even if you have repaid the loan.(until the end of the term of the policy).0
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