PPI

[TeamRocket]

Hi

 

I dont know if there is a forum for this but really need help i had a loan from HFC bank(part of hsbc now) about 5k but my repayment was like 10k or summit stupid which i didnt notice 1st was desperate n needed cash at the time but was able to get an early settlement due to my wife n mil paying most of it off but had like 1k left but was told i wouldnt be able to get a loan for 3 to 4 years again(never did) so its been like 7 or 8 years now and i noticed when going throw some papers in the case that hfc loan agreemen lettet was there n i was miss sold ppi and life insures. Would i be Able to still claim for ppi even tho i had an agreement in place to pay it off early?? It would be nice if i could be able pay back ppl n save summit for morage

[Guest]

I can't see why not. If it was mis sold it was mis sold. 

 

Have a look on the money saving expert site to reclaim yourself rather than losing 25% to some dodgy company.

[The Quick Brown Fox]

The thing with PPI is they cant prove if it was miss sold or not so are just paying out. 

[Bellend Sebastian]

My mate contacted his bank (one of the big ones, cannot remember which one) with details of a loan he'd had, and just asked them to have a look at it without even accusing them of misselling, and they paid out just like that.

 

For a lot of institutions it seems cheaper for them to just fork out rather than investigate

[pSinatra]

I took out a loan from HSBC in about 2006.  It was only when I read the paperwork in more detail that I realised I was paying about £30 a month for PPI.  I never asked for it & it was never mentioned when I took out the loan, so went down the bank & said I wanted it removed.  I had already paid a couple of loan repayments & were reluctant to do so, until I mentioned "mis-sold".  They cancelled the loan & I took out another loan without the PPI.  I never really thought about it again until about 4 years ago when I got a phone call from my bank, asking about PPI.  I told them about my loan & said I had paid about £60 for PPI I thought I had been mis-sold.  They sent me a form that I filled in but I wasn't too bothered, as it was only a small amount of money.  

 

I had completely forgotten about it.  About a year ago, I received a letter from HSBC that contained a cheque for £2400.

 

I don't know how they came up with that figure, when I had only paid about £60 in PPI, but I wasn't complaining.

 

Like others have said, I would just speak to your bank.  They may pay out, they may not.......but you've got nothing to lose.

[TeamRocket]

Yep prob go down on Saturday or summit just gonna get all my paper work that i have of the loan and see what they say