refundable if defaulted on loan?

[callumsgran]

Does anyone know if ppi can be refunded on a defaulted loan?
I would've thought if the loan has been defaulted then surely the ppi is invalid, and refundable?
Just a thought

[mollington]

Well yes technically it is invaild

At work our collections team will oftern suggest canceling the insurance to bring to account back up to date , But is not a full rebate . Its just what the rebate would be if the loan were to be settled early. so what the PPI would be on the rest of the loan .

[davidp1948]

Hi Holly99, do you know how the PPI rebate is calculated and furthermore, do you know how the rebate on interest is calculated. This would help me in my case against Direct Line. Thanks and sorry to hijack your thread Cillitbanger.
Cheers davidp1948

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