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Hi all, just introducing myself!
Hi all, I've joined this site as I've been reading several threads that have finally made me sit down and assess my past loans, credit cards etc.
What I've mainly come to realise is how trusting I have been of the banks and the information they have given me (or not as is the case in many dealings)
since qualifying (as a nurse) approximately 15yrs ago I have had several loans with lloyds bank all with ppi, as I was led to believe this was part of the loan conditions, and at no point did they say it was optional, looking at the agreements now a lump sum was added to the loan for ppi so was incorporated in the monthly repayment! I have in all the time I've been working (15yrs) paid fully into the pension scheme which covers me for three times my yearly salary in event of death and have 6months full pay 6months half pay sickness benefit should I need it! I have also had loans with egg and egg card too! Regards the egg card it was originally a Boots advantage credit card, I don't ever recall being asked about ppi but have found old statements showing card payment protector added( stupid I know as obviously ppi but being 18 at the time I assumed this was an essential charge not optional etc)
now as for the egg loan I remember taking it out online and not being able to continue with the application if I tried to un tick the ppi box!! Again I believed for that reason it was essential! Honestly now looking at this I cringe at how stupid I was but am also a little angry that the major banks who I had no reason to doubt would have sold policies that were not necessarily in my best interest etc.
Any advice on appropriate threads etc would be so welcome! Thanks so much in advance...
What I've mainly come to realise is how trusting I have been of the banks and the information they have given me (or not as is the case in many dealings)
since qualifying (as a nurse) approximately 15yrs ago I have had several loans with lloyds bank all with ppi, as I was led to believe this was part of the loan conditions, and at no point did they say it was optional, looking at the agreements now a lump sum was added to the loan for ppi so was incorporated in the monthly repayment! I have in all the time I've been working (15yrs) paid fully into the pension scheme which covers me for three times my yearly salary in event of death and have 6months full pay 6months half pay sickness benefit should I need it! I have also had loans with egg and egg card too! Regards the egg card it was originally a Boots advantage credit card, I don't ever recall being asked about ppi but have found old statements showing card payment protector added( stupid I know as obviously ppi but being 18 at the time I assumed this was an essential charge not optional etc)
now as for the egg loan I remember taking it out online and not being able to continue with the application if I tried to un tick the ppi box!! Again I believed for that reason it was essential! Honestly now looking at this I cringe at how stupid I was but am also a little angry that the major banks who I had no reason to doubt would have sold policies that were not necessarily in my best interest etc.
Any advice on appropriate threads etc would be so welcome! Thanks so much in advance...
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