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Hi All
After reading the many posts i did not relaise there is such a problem with PPI and i thought i would put my situation on here for advise.
I originally took out a personal (consolidation) loan with my wife for £25k and we went through the normal procedures and opted to take out PPI as it was such a large amount.
My wife has been Ill now for nearly a year and unfortunatley it looks like she might have MS. On that note i have looked at all our finances and contacted Lloyds to make a claim. They informed me that the policy is in my name only and i would only be able to claim if i become a full time carer.
At first i accepted that but then i realised that the loan is in both our names and based on both our circumstances orignally so why would the PPI be in my name only?
As i looked further into it i realised that we are paying £93.00 per month for this PPI where my private life insurance policy is £65 per month for 350k?
I am thinking of stopping the policy at least as i am insured (i wasnt at the time) and save some money. But now i have seen all the problems i want to make a genuine claim and i also have no paperwork that says i am the policy holder only.
Any advice guys?
After reading the many posts i did not relaise there is such a problem with PPI and i thought i would put my situation on here for advise.
I originally took out a personal (consolidation) loan with my wife for £25k and we went through the normal procedures and opted to take out PPI as it was such a large amount.
My wife has been Ill now for nearly a year and unfortunatley it looks like she might have MS. On that note i have looked at all our finances and contacted Lloyds to make a claim. They informed me that the policy is in my name only and i would only be able to claim if i become a full time carer.
At first i accepted that but then i realised that the loan is in both our names and based on both our circumstances orignally so why would the PPI be in my name only?
As i looked further into it i realised that we are paying £93.00 per month for this PPI where my private life insurance policy is £65 per month for 350k?
I am thinking of stopping the policy at least as i am insured (i wasnt at the time) and save some money. But now i have seen all the problems i want to make a genuine claim and i also have no paperwork that says i am the policy holder only.
Any advice guys?
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