DawnJG

DawnJG · 3 May 2019 at 3:34PM

Hi,
I have found that I had PPI on a loan I took out in 2005 however it had a three month deferred payment offer on it and I repaid the loan plus charges of £641 just before the first payment was due. So in effect I didn't make any monthly payments and don't know if the charges would have included anything for the PPI..... it doesn't seem like I could make a claim to me but would anyone be able to offer me any advice about this? I can't find anything online which covers this type of scenario and am pretty confident that if I contact the lender they'll say no regardless. It's also over the time frame for them to have the original paperwork although I have proof of the payment set up and my receipt for the loan repayment.
Many Thanks

[Deleted User] · 3 May 2019 at 4:05PM

DawnJG wrote: »

am pretty confident that if I contact the lender they'll say no regardless.

Your confidence is misplaced, I'm afraid.

Ask them if you paid PPI and then put in your complaint if you have one.

Bermonia · 5 May 2019 at 2:42PM

Generally speaking if your loan had deferred payments and you repaid within that period then you are correct, no PPI would’ve been paid - keep in mind PPI is paid to protect your repayments should you be unable to work, whilst there are no repayments there is no PPI.

DawnJG

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