Advice Please: Black Horse Car Loan/PPI

[magiciansgirl]

Hi, would really appreciate some advice. My partner has a car loan with Black Horse and we want to reclaim the PPI as we believe it was mis-sold. I have several questions - forgive my ignorance:

 

1. Car loan arranged at the dealership. Amount of credit (PPI) £4165.84 repayment over 60 months at £87.14. Can't work out if this is this a single premium or not? APR 9.7%

2. Can we try and reclaim the charge for credit on PPI - £604.56

3. Included with the agreement is a 'Demands and Needs Statement' headed:

 

'Decline to recommend' which says that 'the ppi being offered to you is not suitable for your particular demands and needs' and which my partner signed. It goes on to refer to the PPI as optional (and says the insurance is 'single premium').

 

My partner says he was then passed at high speed to another guy who on the contrary indicated that the PPI was necessary to secure the loan and speed up the process.

 

SO I'm really not sure whether to state that he was initially advised against purchasing PPI and then persuaded to?

He was also on a fixed-term contract at the time so we think we have additional grounds.

 

Any help much appreciated,

 

Kind regards,

 

MG

[dj1971]

Submit a claim, giving your reasons as were advised it would help the application.

 

Have a read of the stickys on the ppi homepage for advice and guidance on making a claim.

 

Good luck

 

DJ