Lloyds Loan + PPI

alfiemooon

Lloyds want to know if I`ve received an inheritence since having my loans with PPI...if the answer is "Yes",am i scuppered?

welshgasman

I would not have thought so. If you had an inheritance then possibly you would have no need for the PPI cover?, but the decision of whether it was mis sold is based on your circumstances at the time of sale, unless you knew you were about to receive that inheritance when you obtained the loan

Regardless, just tell the truth.

dunstonh

I am not sure why they would ask that unless it formed part of your complaint. Did it and in what context?

wolverines

If you knew at the point of sale that you were going to receive an inheritance within the term of the loan then depending upon the size of the inheritance it may have negated the need for a PPI policy thus making it unsuitable. It does not 'scupper' your complaint, it may support it depending on the answer.

Lloyds often ask that question. Part of assessing whether you had any foreseeable changes in circumstances that would have affected your need for the policy.

Just tell the truth.

alfiemooon

The Loan & PPI was taken out before there was any knowledge that an inheritance was going to be winging it`s way to me although said windfall did clear a loan and accompanying PPI

societys_child

It's simply part of their investigations into your complaint. Just tell the truth.