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Higher Loan Rate for not taking PPI
kevin3691
Posts: 1 Newbie
I took out a loan advertised at a particular interest rate. The loan I was offered, because I turned down
PPI, was at a higher rate than if I'd taken out the PPI, as I was deemed a higher risk. Can I reclaim any
of the additional interest that I paid as a result on not taking the PPI?
PPI, was at a higher rate than if I'd taken out the PPI, as I was deemed a higher risk. Can I reclaim any
of the additional interest that I paid as a result on not taking the PPI?
0
Comments
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This was asked the other day.Can I reclaim any
of the additional interest that I paid as a result on not taking the PPI?
No. Cross subsidy deals are allowed. You chose not to partake in the cross subsidy deal and got the rate that reflected the deal you chose.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 -
Yes. Almost word for word. Perhaps the OP created another account hoping for a different answer?This was asked the other day.
https://forums.moneysavingexpert.com/discussion/comment/69989091#Comment_69989091
He was Kevin 2961 in the earlier thread and here he's Kevin 3691!0
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