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Reclaiming PPI from Lloyds Bank
Pobbie68
Posts: 4 Newbie
I am new to posting on this Forum. I would like help if anyone has similar or any experience. In a previous relationship my partner and I sought a bank loan from Lloyds Bank and were accepted. Part of the criteria was that we had to have ppi or would not be able to take out the loan for a place to live. So we had to agree to taking out the ppi and I argued that I did not think it was fair to have to pay for something not needed. Still I was told I had to take the ppi if I wanted the loan. This was in the early '80s. Nothing has ever been said about this which on hindsight feels like blackmail. It always left a bad taste in my mouth. Since then I am no longer in that relationship but would like to retrospectively claim. Do I have grounds to pursue this ppi claim against Lloyds Bank? Is it too long ago? If it is then there must be an awful lot of people in the same boat who also feel held to ransom by a large banking conglomeration and want to claim back - with interest - that money which was taken at a time when we had very little to spare. Grrr!
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Comments
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You have no chance because it was before regulation anyway.
Hard to believe you can remember conversations from 30 years ago to be honest.
Who is to say you didn't need it.
I would move on.....make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
FYI I have moved on and dont feel inferior. First time for a bank loan not something I would think anyone would forget. Thanks for the input anyway...0
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First time for a bank loan not something I would think anyone would forget.
After 30 years, you would be expected to have little or no accurate recollection.
I worked for Lloyds at that time and they didnt have PPI on loans back then. On mortgages, they did insist on life assurance (which is allowed) and there was MIG back then.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 -
I'm always amazed at the clarity of some posters memories that after 30 years plus they can still vividly remember details of conversations that took place, I have only the sketchiest memories of my first mortgage and loanFYI I have moved on and dont feel inferior. First time for a bank loan not something I would think anyone would forget. Thanks for the input anyway...0
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