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Lloyds TSB, advice on PPI reclaim needed
On Loan agreement, I declined to have Loan Protection. The boxes, optional Loan Protection were ticked "NO" by myself.
Premium advanced as parts of the Loan were ticked "NO". But they still took Loan Protection Premium from my Nominated Current Account.
Looking through the small print on the agreement, I found a clause (B)
I cite the following:
Where you have indicated that you do not wish the Premium for the Loan Protection to be advanced as part of the Loan, you authorise us to Pay to the Insurers (or to any other Person, whom they tell us to Pay) on your behalf the amount of the Premium and to collect the Premium from your nominated Current account (see condition 1B above)
Do I have a case for mis-selling of Loan Protection, that I did not request?
Do I have a case for the return of monies taken as payment for Loan Protection from my nominated current account?
I have a copy of the Loan Agreement to back up my concerns.
Sorry it's been so long winded, look forward to some constructive advice.
Regards
JammyD
Premium advanced as parts of the Loan were ticked "NO". But they still took Loan Protection Premium from my Nominated Current Account.
Looking through the small print on the agreement, I found a clause (B)
I cite the following:
Where you have indicated that you do not wish the Premium for the Loan Protection to be advanced as part of the Loan, you authorise us to Pay to the Insurers (or to any other Person, whom they tell us to Pay) on your behalf the amount of the Premium and to collect the Premium from your nominated Current account (see condition 1B above)
Do I have a case for mis-selling of Loan Protection, that I did not request?
Do I have a case for the return of monies taken as payment for Loan Protection from my nominated current account?
I have a copy of the Loan Agreement to back up my concerns.
Sorry it's been so long winded, look forward to some constructive advice.
Regards
JammyD
0
Comments
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I've moved your post over to the Loans board where you'll find the expertise you need and have a read of Martin's articles linked in the resource bar.0
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