‘Loan Support Fee’ ???

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Kingtalk
Kingtalk Posts: 27 Forumite
in Reclaim PPI & other insurance
Posting on behalf of my father. He has come across some old statements for a car loan in the nineties. The statements seem to have a one off ‘loan support fee’ but no explanation as to what this is. Could this have been ppi?

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  • dunstonh
    dunstonh Posts: 116,379 Forumite
    Name Dropper First Anniversary First Post Combo Breaker
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    It could be a number of things. Arrears support or arrangement fee are probably the most likely.

    PPI is not a fee. So, its cant be that.

    Even if it was PPI, you are way before regulation of car dealers.
    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.
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