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Loan insurance


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A couple of years ago i took out a loan with black horse to pay off spiralling debt but in order to secure the loan I had to agree to the loan insurance. When I told them I didn't require the insurance they withdrew their offer.Can i make a complaint as at the time desperation and pressure from ceditors forced my hand and now pay a hundred pound a month in insurance i don't need.

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yes you can

your best to start a thread in the ppi forum.

disgraceful but sadly typical situation.

go get 'em

classic case of mis-selling

 

dx100uk

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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ps write a letter immediately cancelling the ppi

then read a few threads and follow the advice they give

 

dx100uk

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Thread moved to PPI forum.

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Advice & opinions given by Caro are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

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enaid

 

Thanks for your swift reply. I tried to pay the loan off early but then got hit with paying up the insurance in full for the entire length of the agreement. All in all this would meant paying about three thousand pounds more than the original loan.

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i know, thtas what happens they put the insurance on top of the loan, and then it's like a mortgage where you are paying nothing but interest for the first part. Anyway i do not know much about this at all but if yiu go to the PPI thread, Hellhathnofury and Reidnet are both very good at helping with this. Sorry i can't be of more help.

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