PPI & unemployed

[mackem67]

Hi my friend just told me about a loan she took with Lloyds TSB before christmas.
She is on Income support and has been for years, but they gave her the loan and made her take PPI saying it will cover her...................... ...don't what they covering her for when she doesnt work in first place!
Should I advise her to cancel the PPI and ask for refund of what she has paid??
She is paying around £20 per month for the PPI alone

[hellhasnofury]

Originally Posted by mackem67

Hi my friend just told me about a loan she took with Lloyds TSB before christmas.
She is on Income support and has been for years, but they gave her the loan and made her take PPI saying it will cover her...................... ...don't what they covering her for when she doesnt work in first place!
Should I advise her to cancel the PPI and ask for refund of what she has paid??
She is paying around £20 per month for the PPI alone

Hello Mackem.

Oh this is a good one, maybe she/he should try to claim on it, to see what they say You never know they may

No joking apart, this is a very good case of mis-selling, I would tell your friend to write a letter telling them of their negligence

Tell them to cancel it and demand back every penny that they have paid in ppi and interest, plus the contractual interest to date. I would also ask for compensation obviously for the hardship they have caused.

While your friend is waiting for them to investigate the complaint, report them to the office of fair trading, the financial services authority and trading standards.
Tell your friend that they do not have to take out or sign a new agreement, even if the banks insist.

Please keep us posted as to your friends progress

[doolally lady]

My credit card is with LTSB, (I am in the process of trying to claim it back), their CC PPI does cover unemployed but for hospitalisation and death only. I am not 100% sure if the PPI is the same for loans though. Good luck.