Loan with PPI

kingdom · 26th October 2007, 21:27

Had a guaranteed loan from the DTI

I was told by two Business managers who came to my house, that I would have to take out PPI to enable me to have this loan.

The insurance also would have to be paid in advance out of the loan which was over £2000.00. which they took out of the loan at the beginning of it.

I was self employed at the time and diabetic so I have just found out I would not be unable to make a claim, will I be able to claim this back from my bank, was it mis-sold to me.

What's the next step it is a Ltd Company but the PPI was a personal insurance a little confused.

hellhasnofury · 26th October 2007, 22:30

Quote:

Originally Posted by kingdom

Had a guaranteed loan from the DTI

I was told by two Business managers who came to my house, that I would have to take out PPI to enable me to have this loan.

The insurance also would have to be paid in advance out of the loan which was over £2000.00. which they took out of the loan at the beginning of it.

I was self employed at the time and diabetic so I have just found out I would not be unable to make a claim, will I be able to claim this back from my bank, was it mis-sold to me.

What's the next step it is a Ltd Company but the PPI was a personal insurance a little confused.

Hello and welcome

Looks like good reasons for mis-selling to me

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