| |
Major Site Upgrade in Progress |
 |
|
 |
|
bethg2006
Stranger
Joined: 13 Apr 2006
Posts: 1
Location: north east
Cash Points ££ 15.00
|
|
|
 |
|
 |
|
 Posted: Thu Apr 13, 2006 2:30 pm Post subject: CANCELLING PAYMENT PROTECTION ADVICE PLEASE |
 |
|
|
 |
|
 |
|
|
|
|
Hiya, Im pretty new to this forum thing so please bear with me if you will!!!
I want some advice on cancelling my payment protection on my personal loan, I have had my loan for a little over 3 years now and have been dusting off my policies and have now decided that this is no longer suitable to me. So, rang the company the loan is with and requested that they cancel my payment protection plan, only to be told that they can not cancel it as easy as that.  What you need to do dear valued customer is ------ re-apply for a new loan to pay off the original one and then they will pro rata refund anything from the (PPP) that I may be entitled to.
don't know what anyone else may think but this does not seem ethical bearing in mind this is a major high street bank we're talking about!!!
I am really not happy to do this as this would obviously show on my credit rating, I really can not get my head around it, my opinion is that because my circumstances have changed, I am now on a lower income, (which they know about)  they will not be able to give me the same interest rate it will be higher than b4 and therefore making more money out of me!!!!!
Does anyone know if they can really do this surely they can just cancel with immediate effect the same way as they do with their credit cards.
Any views or responses would be greatly appreciated thanx!! |
|
|
|
|
|
|
|
Sarah
Money Manager
Joined: 16 Jul 2004
Posts: 831
Cash Points ££ 12024.38
|
|
|
|
|
|
|
| Posted: Fri Apr 14, 2006 4:10 pm Post subject: |
|
|
|
|
|
|
|
|
|
|
| You could argue with them to cancell the PPI on the basis that it should never have been sold to you in the first place. |
|
|
|
|
|
|
|
Phillipa
Veteran Investor
Joined: 05 Feb 2005
Posts: 419
Cash Points ££ 3383.78
|
|
|
|
|
|
|
| Posted: Sun Apr 16, 2006 3:51 am Post subject: |
|
|
|
|
|
|
|
|
|
|
| I would write a letter to them and say that you dont want it PPI anymore. |
|
|
|
|
|
|
 |
Online Finance Tools & Calculators |
 |
| Credit Score Calculator |
Easy to use online Credit Scoring tool - Calculate your credit score now online for FREE ! using the Moneyforums.co.uk credit scoring tool. Also TEN Tips on improving and mainting a good credit rating ! |
|
| Quick Health Calculator |
Easy to use quick health calculator to help you get started on the path to fitness. Calculates your body mass index (BMI). |
|
| "When will I die ?" Calculator |
Calculate when will you die based on your current life style and then more importantly what you can do about extending your lifespan ! |
|
| Mortgage Calculator |
Easy to use online Mortgage calculator tool - Calculate how long it will take to pay off your mortgage and what your monthly repayments will be as well as interest charged per month per each year. |
|
| Savings Calculator |
Use the flexible savings calculator to estimate the amount of interest you would earn given a level of monthly savings, with many optional settings. |
|
| UK Tax Calculator |
Check your tax and NI liability using this easy to use online tool. Outputs, Tax, Ni, Net pay and gross pay on an annual, monthly and weekly basis, also estimates your tax burden and the number of days a year you work for the tax man ! Plus lots of tax saving tips. |
|
|
 |
|
 |
|
Money
Forums Guides |
|
| Credit
Card Stoozing |
The
following guide explains the basics of credit
card stoozing in a step by step basis. |
|
| Discount
Vouchers |
Online
discount vouchers giving upto
50% off in stores such as Dixons,
Tesco, Avon, Currys, Boden and more. Many
of the vouchers are time limited - So check
back regularly |
|
| Money
Saving Guide |
Guide
to saving money on household bills & personal
finances - Start saving thousands of £'s
every year TODAY ! |
|
| Savings
Tree |
A
guide to Savings Accounts, from Cash ISA's to
Regular Savers to Premium Bonds, all explained
in an easy to understand manner. |
|
|
Users
Groups | Profile
| Messages
| FAQ | Sponsers
& Links | Member
list | Recommend this site | Top Money Saving Sitee
© 2004 - 2007 Moneyforums.co.uk / Market Oracle Ltd - Asserts copyright on all topics & posts made on this site. Moneyforums are open forums, and thus posts are NOT endorsed by Moneyforums.co.uk / Market Oracle Ltd . Any and all information provided within the Website is for general information purposes only and nor is or shall be deemed to constitute, financial or other advice. We recommend that independent professional advice is obtained before you purchase any product and/or service. All tools and guides are provided as is for general information purposes only.
|
 |
Website Designed and Mantained by Walsoft.net |
 |
| |
