Arranged overdraft

Smokey2016

Can someone tell me if TOTAL CHARGE FOR CREDIT, is the same as PPI

TIA

jeff

Thrugelmir

Is the amount that you will repay in total , i.e. amount advanced, interest charges plus any administrative fees and insurance costs included. PPI would fall into the insurance element.

Smokey2016

So could I put in a claim for reclaim of ppi in this issue

Alexland

Smokey2016 wrote: »

So could I put in a claim for reclaim of ppi in this issue

It depends if you had PPI - if you didn't the Total Charge might just be showing the interest cost.

Smokey2016

So how do I know if I had PPI on that arranged overdraft

[Deleted User]

You'd ask the lender if you had any PPI policies. Or look at your statements.

Alexland

You could also compare the actual charges (even if there is no itemisation) with their published rates which they should have provided you to see if it is likely PPI was charged.