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Hello everyone,


my first post so hopefully this is in the right place.


So recently I have been receiving lots of calls and letters from companies with regards to claiming back PPI on any loans I have or had. I never thought much of it as I told them I didn't think I had PPI on my loans. They said I should check as I could claim back £1000's.


So a few weeks ago I called MBNA and asked for a copy of my loan agreement. Today I received the agreement which shows something like this


Cash Advance £8,000.00

Add:total charge for credit for cash loan £2,724.40

Total amount you pay for cash loan £10,724.40

Insurance Advance (cash price for insurance) £1501.42

Add:total charge for credit for insurance loan £511.58

Total amount you pay for insurance loan £2013.00

You have to pay the total loan and interest by 60 monthly payments of £212.29

Annual percentage rate 12.9%

Total loan £9501.42

Total charge for credit for total loan (the total charge for credit) £3,235.98

Total amount you pay £12,737.40


The agreement is signed and dated by me on the 19/06/01


So it was about 8.5 years ago.


Also the account was passed to a debt collection agency at some point and has been fully paid for a few years now. However I still think I paid the full amount of £12,737.40 between both MBNA and the debt collection agency.


So I suppose my question is can I claim back for my PPI?

Is the account too old?

Does the debt collection agency affect it?


Some of the companies calling me to reclaim the PPI on my behalf claim they can work on accounts up to 10 years old. I would prefer not to use a company as their fees can be high. Anything from 20%-40% of any monies won. I got my bank charges back by myself, so if there is a case for my PPI hopefully I can do it myself.


Any more information needed I will be happy to provide.


Any help and advice is very much appreciated.




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