PPI and LPI

scattygirl · 28 July 2009 at 12:01PM

can anyone please tell me if ppi and lpi is the same, on my loan agreement it says loan protection insurance and before i make a claim i wanted to know if this was the same

di3004 · 28 July 2009 at 12:40PM

scattygirl wrote: »

can anyone please tell me if ppi and lpi is the same, on my loan agreement it says loan protection insurance and before i make a claim i wanted to know if this was the same

Hi there,;)

I assume it means the same thing.

If you think you have been mis sold write to them by giving your reasons, they have 8 weeks to respond in full, keep on at them until you receive the final response which should give details of the financial ombudsman service (FOS) you should be able to take your complaint to the FOS if your not satisfied with the outcome of your complaint, post all letters by recorded delivery.

More info with useful guidelines, and templates on the link here:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Good luck and if you require any help, please let us know.

dunstonh · 28 July 2009 at 1:49PM

PPI is a generic term and covers a range of plans and types. Not all PPIs are mis-sales or problem products. It is the loan payment protection though that often is.

PPI and LPI

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