NLIC.org

Marie Said:

i purchased payment protection insurance from npower how do i contact them?

We Answered:

Simples ! You can phone on 0845 071 4525 or use this link to email their Customer services

https://www.npower.com/At_home/Forms2/Cu…

Tommy Said:

Do you still trust Banks? £1.5 billion in excess profits made from unclaimable Payment Protection Insurance.?

We Answered:

If you or I were to do it we would be prosecuted for fraud. I fail to see any difference.

Dora Said:

PPI (Payment Protection Insurance) Help?

We Answered:

If you believe that you were missold this PPI, you can still make a complaint, but you'll need to be quick. I think the time-limit is 6 years after the sale, but could be wrong.

Of course you would have signed acceptance forms, but the point is that you were advised to do so.

Conditional selling i.e. you won't get a loan with us unless you take out our insurance, has been outlawed for some years. It could be a condition of the loan that you had to have some form of insurance, but you can't be forced to take out the lender's insurance. If you were self-employed, unemployed or on a temporary work contract, it is highly unlikely that PPI would have been suitable. These points, and others, are all valid reasons for making a complaint.

It's very straight forward to make a complaint and won't cost you anything. Don't use one of the 'ambulance chaser' type companies that offer to complain on your behalf - it will cost you a significant percentage of any compensation. Have a look at the Which? website. I've attached the link below. They explain about the criteria for making a complaint and give step-by-step instructions on how to do it.

If you are certain that this was unsuitable for any of the reasons mentioned, yes, you have a reasonable, realistic chance of success, in which case you should have all of your premiums plus interest repaid.

Good luck!

Laurie Said:

Is Payment Protection Insurance worth taking with unsecured loan?

We Answered:

Payment Protection Insurance has so many get-out clauses that it is very very rare that it would pay out were you to be made redundant or taken ill.

If you are in full-time secure employment, then depending on the size of the loan it could possibly be worthwhile. However, if you change jobs in this time, are freelance, etc, then they're exempt from covering you anyway.

On the whole payment protection is a complete waste of money and exists only to make more money for the lender. See the link below for more info.

Anthony Said:

is Payment Protection Insurance worth taking with unsecured loan?

We Answered:

It's a terrible deal. Buy a term insurance policy if you need something but the insurance bundled with the loan has extremely high rates.

Edna Said:

Payment protection Insurance?

We Answered:

You need to contact the company providing the payment protection for the refund. They were paid in full by whomever lent you the money, so they would be the ones to refund the money (most likely with a penalty).

When you took out your loan the bank paid the payment protection the full amount of the premium for the life of the loan. That's why it won't reduce your monthly payment. But if you get a refund from the payment protection company you'll have the money and you can use that money to help pay off the monthly balance.

There are so many people who don't contact payment protection, credit life and credit disability insurers when they pay off their cars early, or if the cars gets traded in or totaled. So many people miss the opportunity to get a refund on the unused premiums. And the banks don't tell you what do do because the front line operators often don't know you can do this.

Best of luck!

Edith Said:

payment protection insurance?

We Answered:

look on the internet.

good thing to add with this econamy/key got stuck.
my friend just lost his job over a year,and traded in a mint condition truck for a camry,had less tha 500 mile,and in 2 months he was laid off.
good luck to all