Chris308
25-10-2008, 09:07
If you took out a loan with A&L between 2005 and 2007 and were pressured into buying payment protection insurance you should read this. The article states that they will be writing to all customers who took out loans during this period although I have not received anything from them yet.
I have had 2 loans with A&L over this period. The first time I was definitely given the impression that my loan would not be approved unless I took out PPI, which I did but forgot to cancel it within the 28 day cooling off period.
The second time I did not take out PPI but the guy either did not understand insurance / risk or was trying to sell whether the cover was suitable or not.
http://www.fsa.gov.uk/pages/Library/Communication/PR/2008/115.shtml
I have had 2 loans with A&L over this period. The first time I was definitely given the impression that my loan would not be approved unless I took out PPI, which I did but forgot to cancel it within the 28 day cooling off period.
The second time I did not take out PPI but the guy either did not understand insurance / risk or was trying to sell whether the cover was suitable or not.
http://www.fsa.gov.uk/pages/Library/Communication/PR/2008/115.shtml