Hello
I need some help, I have been trying to claim for unemployment for a few months now but welcome PPI (Direct group) are refusing to accept the claim. So I decided that I would cancel the policy which should make my monthly payments lower and more affordable, now I have just got off the phone with welcome and they say that if I cancel the PPI then my monthly payments will stay the same and will not be lowered. can they do this? they have also said that even after the PPI has finished its term (5 years of a 15 tear loan) then the payments will still be the same as the rest will be interest, Is this correct?
This loan is secured on my house so I dont know what to do next, my loan repayments are £199.34 pm of which £34 is for PPI I know its not much extra but were struggling to make payments as it is.
Any help would be much appreciated
John
I need some help, I have been trying to claim for unemployment for a few months now but welcome PPI (Direct group) are refusing to accept the claim. So I decided that I would cancel the policy which should make my monthly payments lower and more affordable, now I have just got off the phone with welcome and they say that if I cancel the PPI then my monthly payments will stay the same and will not be lowered. can they do this? they have also said that even after the PPI has finished its term (5 years of a 15 tear loan) then the payments will still be the same as the rest will be interest, Is this correct?
This loan is secured on my house so I dont know what to do next, my loan repayments are £199.34 pm of which £34 is for PPI I know its not much extra but were struggling to make payments as it is.
Any help would be much appreciated
John
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