Ppi With Black Horse

amelia · 22nd November 2006, 18:31

hi guys can any1 help? my partner and I took out a £10,000 loan with blackhorse in august and was told we needed the ppi however its a massive part of our monthly payment and I would like to cancel it as I wasnt that bothered about having it in the first place but thought it was a necessity that you had to have!! I know its been a few months now so probs out of cooling off period but I was wondering if I could still cancel or am I bound in now for the remaining term of the loan!!
I would be very grateful if someone can shed some light on this for me, thanks guys!!!

emma S · 23rd November 2006, 09:54

Hi my partner used Black Horse to finance his bikes and had insurance with them. However we cancelled the insurance and the money was taken off of the amount owed. He had a bike accident a couple of years ago and he was unable to work for approx 4 months, and Black Horse were very good and sorted a payment plan until he was back at work. We did incur some charges but they are added on to the end of the aggreement.

I am now looking in to claiming them back! Anyway my point is even if you lose your job etc..... they will still sort out a payment plan with you. So I think you are better off cancelling the insurance.

emma S · 23rd November 2006, 10:03

Hi me again I obviously do not know what you are asking as I just went into a Black Horse forum, and just to let you know there is lots of information about PPI.

I do not know how to use this site very well!

LES VOGEL · 23rd November 2006, 11:34

Hi you will have no problem cancelling your PPI with black horse!! just "write" to them (a must aswell as call) telling your wishes to cancel ppi, I do know how much pressure that is put on people to take this out at the time of loan(i had 6 loans with bh) i always gave in at branch but always cancelled later on and "always got all my payments back, this company is well known for pressure selling of this so called product, I have just won a case against them for mis-selling me on the very first loan 4yrs ago. so do not worry about it just write and say you no longer need it and to cancel it for you and refund all payments back onto your loan. and as you said it will save you alot of money per month so all the best to you cheers LES

LES VOGEL · 25th January 2007, 16:24

WHATS THIS CRAP ABOVE GOT TO DO WITH GETTING MONEY BACK FROM BANKS????? YOU ARE ON THE WRONG FORUM PAL SO TAKE IT OFF HERE!!! GO AWAY AND LEAVE US SERIOUS PEOPLE ALONE

Milo19 · 25th January 2007, 16:39

Just pm a mod and ask them to remove it.

LES VOGEL · 25th January 2007, 16:47

hi thanks just notified webmaster of offensive posting--cheers

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