Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    yay got an offer but..........
    • #1
    • 13th Feb 12, 6:28 PM
    yay got an offer but.......... 13th Feb 12 at 6:28 PM
    hi everyone

    I have had an offer from hsbc for my claims on ppi.
    they are saying i can have 1 lump sum of cash and my loan will reduce in monthly costs too.

    but.......i have more questions

    to reduce my loan they need to do another loan agreement with out ppi but will have to do a credit check first (im in the fair catagory on credit expert), they are also saying that if i dont pass credit check then i will have to use the money to pay off the loan. is this correct????

    also as the amount is more than the loan amount left will i get the difference?? and is all the ppi taxable or just what i get in a lump sum??

    views and comments most welcome
Page 1
    • di3004
    • By di3004 13th Feb 12, 6:48 PM
    • 42,302 Posts
    • 56,679 Thanks
    • #2
    • 13th Feb 12, 6:48 PM
    • #2
    • 13th Feb 12, 6:48 PM
    Hi there

    You can check your own credit rating status as well, by ordering a report for 2, or free for 30 days, make sure you cancel after that.

    Google in Experian, Equifax, or just simply Credit Reports online (UK), see what they offer, you will know for yourself then.

    Well done on your success.
    The one and only "Dizzy Di"
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

929Posts Today

6,726Users online

Martin's Twitter
  • Today's twitter poll: have you ever seen a ghost?

  • RT @JohnnyMercerUK: Another important day ahead in achieving parity of esteem between mental and physical health: the breathing space schem?

  • RT @mmhpi: Third time lucky? After being delayed twice, tomorrow MPs are due to debate our #RecoverySpace proposals in parliament. @helen_u?

  • Follow Martin