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Ppi
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Stargazing
Posts: 1 Newbie
Please can you help, I rang the company that we had a Equity Loan from back in 1994 was told that I cannot claim anything because there are no records kept dating back to that year. So this means I have lost that money. Are they right?
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So this means I have lost that money.
You havent lost anything. You borrowed money. You pay it back and you end up owing nothing. A loan is not an asset. So, you cant lose it.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 -
It means you can no longer make a PPI complaint unless you have documentary evidence of having PPI on that loan. Even if you had evidence, though, that is no guarantee that a complaint would be successful.Stargazing wrote: »So this means I have lost that money.
So you have lost out only on a potential windfall from 23 years ago.
Time to move on...0
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