N
nixmix
Guest
HI,
My girlfriend who is Finnish took out a loan with the BOI last July for 5k. Recently she expressed that the interest payments were quite high so I took a look at the a/c. What follows is a summary of the a/c
DATE.......DETAILS....................DEBIT....CREDIT...BALANCE
..............DEBIT APP:.000692662..............5000
4 JUL.......NLE.PPI.000692662......495.08................-5495.08
25 JUL.....FROM A/C SO...........................137.15...-5357.93
And so on since then. Now I cant ring the BOI on her behalf as they would not talk to me and her English is not 100% so if they explained what is was to her she may not get it.
So what the hell is NLE PPI 00692662 which immediately puts nearly €500 extra onto her loan???? I have a hunch that its Payment Protection Insurance,if so it does seem excessive to charge her an extra 10% of the loan value then the interest on top of that!
Cheers
Nixmix
My girlfriend who is Finnish took out a loan with the BOI last July for 5k. Recently she expressed that the interest payments were quite high so I took a look at the a/c. What follows is a summary of the a/c
DATE.......DETAILS....................DEBIT....CREDIT...BALANCE
..............DEBIT APP:.000692662..............5000
4 JUL.......NLE.PPI.000692662......495.08................-5495.08
25 JUL.....FROM A/C SO...........................137.15...-5357.93
And so on since then. Now I cant ring the BOI on her behalf as they would not talk to me and her English is not 100% so if they explained what is was to her she may not get it.
So what the hell is NLE PPI 00692662 which immediately puts nearly €500 extra onto her loan???? I have a hunch that its Payment Protection Insurance,if so it does seem excessive to charge her an extra 10% of the loan value then the interest on top of that!
Cheers
Nixmix