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Overdraft Fees charged on a PPI loan?

Christian01
Posts: 5 Forumite

In my view all overdraft fees that did occur when defaulting on a lone that had a PPI attached should be refunded without question. As without the increased Amount added for the PPI most of the repayments would of cleared.
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In my view all overdraft fees that did occur when defaulting on a lone that had a PPI attached should be refunded without question.It has been discussed before and in some cases banks have refunded some of them.
However, the thing that works against that being successful in most cases is that the monthly equivalent cost of the PPI is usually less than £50pm. Whereas the amount exceeding the overdraft is usually significantly higher and caused by other things.
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.1 -
At the time of applying for the loan my bank knew that I was self employed and pushed the PPI as a must.0
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Christian01 said:At the time of applying for the loan my bank knew that I was self employed and pushed the PPI as a must.0
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Thrugelmir said:Christian01 said:At the time of applying for the loan my bank knew that I was self employed and pushed the PPI as a must.0
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Christian01 said:Thrugelmir said:Christian01 said:At the time of applying for the loan my bank knew that I was self employed and pushed the PPI as a must.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.1
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