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Higher Interest Rate for NOT Taking PPI
Kevin_2961
Posts: 1 Newbie
Is it possible to reclaim some of the interest paid on a loan that was granted
with a higher rate of interest, when that higher rate was charged as a result
of declining PPI, and so as a borrower, I was deemed a higher risk than
someone who took out PPI?
with a higher rate of interest, when that higher rate was charged as a result
of declining PPI, and so as a borrower, I was deemed a higher risk than
someone who took out PPI?
0
Comments
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Kevin_2961 wrote: »Is it possible to reclaim some of the interest paid on a loan that was granted
with a higher rate of interest, when that higher rate was charged as a result
of declining PPI, and so as a borrower, I was deemed a higher risk than
someone who took out PPI?
No. Firms often make cross subsidy deals and that is allowed. You choose to not partake in the cross subsidy deal and therefore got the terms they were willing to offer you.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
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