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Arranged overdraft
Smokey2016
Posts: 23 Forumite
Can someone tell me if TOTAL CHARGE FOR CREDIT, is the same as PPI
TIA
jeff
TIA
jeff
0
Comments
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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.0
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So could I put in a claim for reclaim of ppi in this issue0
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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.0 -
So how do I know if I had PPI on that arranged overdraft0
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You'd ask the lender if you had any PPI policies. Or look at your statements.0
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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.0
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