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PPI Cancellation should I they restructure my payments?
Hi,
I am currently in discussions with Lloyds TSB about reclaiming PPI as I have an existing medical condition that I believe invalidates this policy. Whilst it is being decided LLoyds have cancelled the future PPI payments however they are saying this will just come off the back end of the loan and it will just mean the loan finishes early - I would prefer it to b=mean lower payments every month - can Lloyds force me to take it off the end or can I demand they restructure the payments?
Re: PPI Cancellation should I they restructure my payments?
Have you got your agreement? If the agreement lists PPI and the capital as separate items and with separate monthly payments then I would have though that you would have a good case for them simply removing the PPI element of the monthly payment but maintaining the term - I doubt Lloyds will be so helpful though
If you can keep you head when all of those around you are losing theirs try parking your helicopter somewhere else