PPI baby!

Post by **Donald** » Sun Dec 02, 2012 10:53 pm

I have an unprotected loan... might try it on still since I get texts about it every week.

bennyboy · Post by **bennyboy** » Sun Dec 02, 2012 11:12 pm

Ammo wrote:This is for PPI if you didn't know about it right?

If you believe you were mis-sold it, so that could be you were unaware (As was the case on 2 of mine

) or you believe you were pressured into it, or if you were not eligible, but they still sold it.

I did a search for a template letter, then just delete the bits that dont apply, add anything else in you need to.

Post by **RattyMcClelland** » Sun Dec 02, 2012 11:13 pm

Does it matter if you are still paying the loan back?

I have a 25K business loan with natwest. Got around £14.5k to pay back.

Post by **Ammo** » Sun Dec 02, 2012 11:18 pm

I had some insurance on my loan, was talked into it, but knew about it, never claimed on it, when I was made redundant, they said I could use that as a reason not to pay back instalments.

I used my redundancy to get rid of my loan as I just wanted rid of the £200 per month round my neck

Not sure if it's worth me claiming, prob over the time limit too

bennyboy · Post by **bennyboy** » Sun Dec 02, 2012 11:25 pm

Ammo wrote: Not sure if it's worth me claiming, prob over the time limit too

The first one of mine was 14 years ago, when I started driving..

Post by **Ammo** » Sun Dec 02, 2012 11:27 pm

Might be worth a try, they can only say no, £10k loan even a few quid back would help lol

A1ex · Post by **A1ex** » Sun Dec 02, 2012 11:41 pm

RattyMcClelland wrote:Does it matter if you are still paying the loan back?

I have a 25K business loan with natwest. Got around £14.5k to pay back.

Yes you can. My card is still outstanding. They will just take it off the balance

nitin_s1 · Post by **nitin_s1** » Mon Dec 03, 2012 1:22 am

I wish I took a loan out now.

Post by **Ammo** » Mon Dec 03, 2012 1:54 am

nitin_s1 wrote:I wish I took a loan out now.

LOL, no you are much better off, I now have no loans or credit cards, I'm skint but i don't have to pay out £200 + a month for the privilege

bennyboy · Post by **bennyboy** » Tue Dec 04, 2012 9:02 am

Ammo wrote:
nitin_s1 wrote:I wish I took a loan out now.
LOL, no you are much better off, I now have no loans or credit cards, I'm skint but i don't have to pay out £200 + a month for the privilege

^ THIS.
I have only ever had small loans for cars, we just didnt have the money when I was young for my folks to pay for driving lessons etc and a car (not that I'd expect it TBH), so I got a small loan. Topped it up a few years later when I bought the lude, then again when I bought the Mustang.
I was 'sensible' with my loans and always made sure I could afford them, but all that said I would MUCH rather have not had them altogether. The feeling after the last payment some years back was

Apart from my mortgage, I'm debt free and have been for a few years and it's a great feeling.