First Direct Loan Interest Refund - PPI 2?
I took out an £11,000 car loan with First Direct in September 2011. I have received a letter from First Direct ( genuine ) to the effect that because I wasn't informed of my right to repay the loan early all interest charged on the loan is being refunded. In my case £427.50. I didn't apply for the refund and, truth be told, couldn't initially even remember having had the loan ( old age! ).