Not sure if anyone can help,
I took 2 secured loans out within a couple of months of each other in 2006/2007,
the loans were with iGroup, via Easy Loans (which I understand is or was a broker) and both were for over £5k each.
Both loans were settled within a few months, the PPI was added up front (if that makes sense),
when I cleared the loans I paid all of the PPI too even though, as I understood it, the loans were for 5 years and the policies too..
I find it hard to believe that I needed to pay the PPI for 5 years x 2 even though the money from the actual loans was paid back within, at the most, 6 months.
I took these loans out with my then partner.
Both loans and policies were in joint names, although I was not working so wouldn't have benefited from PPI, I also had various existing medical conditions.
A few years back I tried to reclaim the PPI with Easy Loans, but was unable to (I can't remember why) and I even contacted the ombudsman but my claim was not upheld. If I remember correctly, something was said about the policies (at that time) still being active, though I may be wrong.
I don't really understand the new rule/possible way of claiming?
But have contacted GE Money with a view of trying to find out if I can try to claim again and they have asked me for identity documents which I have sent.
Just querying if I am flogging a dead horse before I possibly go any further?
Or am I contacting the wrong company?
Any thoughts and/or advice most welcome, thanks.