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Claiming ppi back but loan not repayed

Kyla1105
Kyla1105 Posts: 2 Newbie
in Reclaim PPI & other insurance
Hello

My husband had a loan for 5k in about 1999-2000 but he dosent think he fully repayed it.
Also he only knows what bank the loan was with no account numbers etc.
Would it be worth checking if he can claim ppi back or would it open a whole can of worms ie the debt coming back to bite him on the bum ?
If he can reclaim any ppi how does he go about doing it?

Thanks

Comments

  • dunstonh
    dunstonh Posts: 120,346 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    If the loan was not repaid and he had PPI and he makes a complaint and that complaint is successful, then they can use any redress against the debt that was not repaid.
    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.
  • societys_child
    societys_child Posts: 7,110 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 24 April 2016 at 7:20AM
    Not sure you can claim back money that you didn't pay in the first place?
  • Kyla1105
    Kyla1105 Posts: 2 Newbie
    It wasnt fully repaid - he payed most of it.
    Thankyou for the replys
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