cunningham
Member
Registered: 25th May 05
Location: Lochore, Fife
User status: Offline
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i got 400 quid back and cancelled the insurance my loan dropped 3 grand without the ppi
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RyanSxi
Member
Registered: 26th Jul 06
User status: Offline
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ive still got 2 years to run on my loan tho, will they get arsey and make me pay it back in full like they tried with the credit cards (when people claimed back charges etc)?
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John
Member
Registered: 30th Jun 03
User status: Offline
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I don't understand how you can possibly be conned into paying 3k over the term of the loan for some insurance.
I'd think my loan is 5k, i'd expect to pay back 5.5k(for example), why are they asking me to pay back 9k 
I think something's up here, I'll go elsewhere.
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cunningham
Member
Registered: 25th May 05
Location: Lochore, Fife
User status: Offline
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you talking to me john?
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John
Member
Registered: 30th Jun 03
User status: Offline
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The 3 grand is the one I noticed aye, but everybody in general.
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ljames555
Member
Registered: 2nd Sep 03
User status: Offline
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I got a loan with A&L and they wouldnt give me the rate they quoted unless I took insurance, so I spoke to my mate who works for Black horse and said its against the law, so on the phone I get tell them that the are breaking the law and lady goes ok Ill resend you agreement without insurance.
Conning twats !
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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quote:
Originally posted by MJFF88
Who wouldn't want PPI though?
The terms and conditions are a fucking joke. What you should be asking is "Who in their right mind would take PPI".
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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quote:
Originally posted by RyanSxi
ive still got 2 years to run on my loan tho, will they get arsey and make me pay it back in full like they tried with the credit cards (when people claimed back charges etc)?
Nope. They will take the settlement figure for the existing amount on your loan, and key a new loan over the remaining duration (In your case 24 months) and remove the insurance. If you're successful you'll also get a cheque for the amount you paid.
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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quote:
Originally posted by John
I don't understand how you can possibly be conned into paying 3k over the term of the loan for some insurance.
I'd think my loan is 5k, i'd expect to pay back 5.5k(for example), why are they asking me to pay back 9k
I think something's up here, I'll go elsewhere.
Well they tell you how much the insurance will be per month, without interest, so it always seems a LOT lower than it is.
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Phi
Member
Registered: 8th Jan 07
Location: South
User status: Offline
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i didnt know you could claim this back, mine wasnt alot, well just over £600 on top of the loan. how do you do it though?
i dont want to make it abig deal though with the bank  because i want another one this year.
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John
Member
Registered: 30th Jun 03
User status: Offline
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Were you mis-sold it?
Sounds like you knew all about it.
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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quote:
Originally posted by Eck
quote:
Originally posted by MJFF88
Who wouldn't want PPI though?
What you should be asking is "Who in their right mind would take PPI".
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Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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I knew about it, but when I said "I don't want that" I was told that unless I took out the PPi I wouldn't get the money, as I was in financially messed up back then I just got on with it and paid it.
I'm the one laughing now though as I could be in for a windfall
I look at as a savings account.
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cunningham
Member
Registered: 25th May 05
Location: Lochore, Fife
User status: Offline
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they will just send you a copy of the signed documents and agreements and a leaflet for the financial ombundsman
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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quote:
Originally posted by cunningham
they will just send you a copy of the signed documents and agreements and a leaflet for the financial ombundsman
Depends on who you contact. Call your bank itself and they'll put in their own investigation.
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Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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I'm following these steps, if they send me back a load of bullshit I go to Defcon 2 and start threatening Ombudsman.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#reclaim
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Nismo
Member
Registered: 12th Sep 02
User status: Offline
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Yeah if you read the forum link on that page some people have had responses within a week and a payout sum!
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Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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Oh yes, I'm all over this. Like in 2006 when I got 5 years worth of bank charges back and spent it here...
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Nismo
Member
Registered: 12th Sep 02
User status: Offline
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lol
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