I may be owed PPI

[pai]

In late 2004 I took out a loan to pay for something, and I remeraber taking PPI with it, although I wasn't sure what it was. The loan was ultimately for £5000.

Later on, I got into repayment issues because the interest was growing faster than I could pay it back, and eventually the bank arranged a ten-year agreement for me to pay back the remainder of the loan with no interest, and as of now there is just over £2000 left with less than six years to go.

The question is, seeing as how I can't find the original loan agreement, can I still somehow claim the PPI on it? Or is it too late now?

I also wouldn't want to jeopardise the current agreement with the bank with the repayments, but if I could get a PPI refund it would help.

I know the bank name and the loan amount, could they track down the original loan agreement in my name?

[ChefC]

Read this (getting the data section)

Can't believe you don't know name of the bank you took the loan out

[atl.lovexo111708]

he does know the name , the question at the end is rhetorical

[leaping_walrus]

Eh? I DO know. That was a typo. The bank was "Beneficial Finance", but it seems they no longer exist.

[will.izquierdo]

If you entered into a different no interest agreement then I doubt you are paying PPI on it?

[jalg_gali]

They are HSBC, IIRC.

[jennifer_dozer]

Not that one, no. But it'll take 6 years at paying £30 per month before it's finished, so perhaps I should just leave it alone.

[1alien]

I would imagine your chances of getting any PPI back were lost when you "defaulted" on the original loan, but it can't hurt to ask.

[Lolipop]

If you are struggling to pay off the loan then shouldn't the PPI kick in?

I'll admit I dont know much about PPI as I've never taken it out, I've only ever been sent txt messages claiming they can get the money I lost to PPI back....

[Gracee]

i have two mates who have had there ppi paid back one got about 2000 and the other got about 7000. me i never took it on any loan. total scam... which is why most of the banks are just paying it back. most of it was mis sold in one form or another. banks threatened customers in a round about way by saying that you had a better chance of being approved (they did this too me) other times it was sold to people who wouldnt even qualify such as self employed.

make a claim mate and just see where it goes. is my advice.