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Original poster

Can I cancel my loan insurance before the end of the term?

2 replies

zisforzebra · 26/02/2011 11:06

I took out a personal loan with my bank about 2.5 years ago and took PPI at the same time because it seemed like a sensible thing to do. I've never claimed on it although I did once request a claim pack but then got a job before the claim went in.

Can I cancel it when I still have 2.5 years to run on it? Would I get any money back? The PPI adds quite a bit onto the monthly payment and things are fairly tight with us at the moment and the extra money would be really useful.

TIA Smile

OP posts:
Chil1234 · 27/02/2011 07:12

You may be able to claim that you were missold the insurance see here for MoneySavingExpert link. There's also advice on cancellation.

Original poster
zisforzebra · 27/02/2011 10:23

Cool, thanks!

OP posts:
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