We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Impact of Loan Default on Claim
iamthecarfinder
Posts: 1 Newbie
I have no idea with one exception whether or not I was missold PPI. On the one loan that I now know it was added, I subsequently defaulted. At the time of taking out the loan it was with Alliance & Leicester which of course is now owned by Santander. The lender does not know my address although they could find it on my credit record. I want to make a claim but am concerned it will make the lender restart chasing me for the outstanding debt. They are currently not doing so. What is the risk for me and has anyone had the same experience?
0
Comments
-
At best, any redress will go to the lender in lieu of what you didn't pay.
At worst, they will chase you for the debt if not statute barred.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards