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Hi,
I took out a personal loan with Natwest in August 2004 for £7000 with a £1768 'insurance loan' added on. The total loan was £10806 including a £2038 interest charge. Repayments over 60 months of £180.10 comprising of £143.78 main loan repayment and £36.32 insurance loan repayment. I still have the original credit agreement (I haven't actually signed it!) stating all this.
I was self employed at the time this loan was taken out and have been ever since and according to the t & c's of the insurance loan (which I also have a copy of) claims only would've been considered had i declared myself bankrupt. Can't even remember if I was asked my employment status when I was given the loan but obviously I would never have taken out this insurance had it all been fully explained!
Things get a bit confusing from here. I took out a further loan from Natwest in march 2006 totaling £13000 which included £5941.97 to refinance the previous loan and an additional £7058.03 cash loan. Total amount payable was £16353.60 including an interest charge of £3353.60. There is no mention in CCA of any 'insurance' added onto this loan.
Anyway, in 2008 I went through some financial difficulty, defaulted on the loan and entered into a debt management plan. Around mid-2009 I offered a full & final settlement which was accepted and I have not heard anything since. My credit file is marked as settled (partial).
How do I go about reclaiming the PPI that I paid on my original loan in 2004, if I can claim at all?
Thanks in advance for any advice offered!
I took out a personal loan with Natwest in August 2004 for £7000 with a £1768 'insurance loan' added on. The total loan was £10806 including a £2038 interest charge. Repayments over 60 months of £180.10 comprising of £143.78 main loan repayment and £36.32 insurance loan repayment. I still have the original credit agreement (I haven't actually signed it!) stating all this.
I was self employed at the time this loan was taken out and have been ever since and according to the t & c's of the insurance loan (which I also have a copy of) claims only would've been considered had i declared myself bankrupt. Can't even remember if I was asked my employment status when I was given the loan but obviously I would never have taken out this insurance had it all been fully explained!
Things get a bit confusing from here. I took out a further loan from Natwest in march 2006 totaling £13000 which included £5941.97 to refinance the previous loan and an additional £7058.03 cash loan. Total amount payable was £16353.60 including an interest charge of £3353.60. There is no mention in CCA of any 'insurance' added onto this loan.
Anyway, in 2008 I went through some financial difficulty, defaulted on the loan and entered into a debt management plan. Around mid-2009 I offered a full & final settlement which was accepted and I have not heard anything since. My credit file is marked as settled (partial).
How do I go about reclaiming the PPI that I paid on my original loan in 2004, if I can claim at all?
Thanks in advance for any advice offered!
