Hello -- feel free to point me toward other posts in the search engine, but I may be in a different position from previous posters as I have no house or other major asset on my side... In 2004 I took out at a 13,328 quid loan with Lloyds TSB and as a naiive 20-something just accepted the manager's nice patter about what a great thing PPI was in case I got sick. Of course, several years later I realise what an idiot I was to accept this because it's dragging my loan out seemingly forever and makes me monthly repayments more expensive than they should be. I don't earn great money (roughly 24,000 a year after tax) and as I mentioned I don't have a house or major asset to put up as collateral, so mortgage is not an option. Due to expenses related to an accident that I'll spare you the long details of, I also racked up almost 4,000 pounds in debt on my Llloyds TSB credit card. As of today, I owe Lloyds 8,040 pounds on the loan and almost 4,000 on the card -- so just over 12,000 pounds total. I feel like I'm staring into an ever-approaching abyss and it's just a matter of time before I fall in...I really need to either get rid of the PPI and reduce the overall monthly payments or find some way to lump the two debts (card and loan) together and pay it off in one sum each month...but I have heard nightmares about consolidating loans too. Can anyone offer advice? I don't think I have any legal right to cancel my PPI as I don't feel I was necessarily misled, just that I didn't really understand how dreadful my situation would become