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Payment Protection - Can I remove it?

Hi all,

I have loan with Lloyds. Its £4,000 over 4 years. I took it out around a year ago.

If I go into Lloyds do you think I'll be able to remove the payment protection?

Im just asking before I go in as I want to seem like I know what im talking about/my rights before they just say no.

The reason I want to remove it is because its added loads on my repayments, and I now have the security to cope without it.

I would really appreciate some kind help here.

Thanks :cheesy:

Comments

  • colin13
    colin13 Posts: 1,007 Forumite
    go in and tell them u have seen something a lot cheaper on the net(even if it is a whit lie) they will try and get u to keep it because they r making intrest off u payin tht PP DIG UR HEELS IN and demand its removed
  • standupguy
    standupguy Posts: 904 Forumite
    You do not need to explain why you want to cancel the PPI - you are allowed to do this - they will be just breathing a sigh of relief that you are not claiming you were mis-sold and want the money back
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