barclays and ppi help

gypsysaffy · 6th February 2008, 20:26

hi i have a loan with barclays with ppi over14 month ago i tried to cancel this as i was no longer in employment and therefore would not get paid out, but they would not let me cancel it without taking out a new loan. I feel like i should have been able to cancel it with taking on anymore borrowing and i was wandering if i should apply again and ask them to cancel it from when i applied first time, can i do this. Dont know what to do any help would be appreciated on this matter. Thanks

fightthemback · 7th February 2008, 12:58

Hi saffy,

It looks like a single premium was added to your loan and that is why you were unable to cancel it without taking out another loan and paying in full.

Was the whole PPI issue explained to you, it would seem that if it were you would not have tried to cancel.

Have a good look thru some of the stickies and see if there are grounds for misselling as it would appear you were not given all the facts.

Good Luck.

gypsysaffy · 7th February 2008, 13:10

hi this loan was done on the internet and when i did not tick the box to say i wanted it i was put back again to say did i forget. Should i write and explain all this or just send a template letter.

fightthemback · 7th February 2008, 13:29

Hi Saffy,

The wonders of modern technology, even your computer wants to rip you off.

I would go with the standard letter.

It can be argued that because you ticked the box, you were in full receipt of the facts. But there are two problems, one the box was ticked for you and two can anyone really understand the terms and conditions of a PPI policy?

Go with the standard letter be persistent, ignore any rebuffs and just plough through. You can use the internet automatic click as a last resort.

Good Luck.

gypsysaffy · 7th February 2008, 14:24

hi thanks for that i will now send out a letter to them.

gypsysaffy · 7th February 2008, 17:37

Quote:

Originally Posted by gypsysaffy

hi thanks for that i will now send out a letter to them.

because this was a single premium insurance could i also go on the angle that i was no longer employed so it would not cover me and they refused to cancel it without a new loan being taken out, now how would they give me a new when i didn't work. (I am sure they wouldn't have) with no means to pay it back.

ngozika77 · 2nd March 2008, 21:26

Keep at it!

I just got back over £7700 from them. Took 6months though.....

slick132 · 2nd March 2008, 22:45

Hi Gypsy,

Your thread has escaped from the PPI forum in a reshuffle 3 weeks back.

I'll get it put back there for you.

intercityman · 4th March 2008, 17:15

I am just awaiting the Fin Omb. report, so will tell you how i go very soon. Its not a quick process thou with barclays.

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