I thought I was quids in!

 

Ive moved 3 times and had 3 different mortgages between 1999-2006 and a £5k loan 15 years ago along with a couple of credit cards.....i have no paperwork from anything anymore so for the hassle and time that comes with it i don`t mind paying 15% of something i never had in return for a few £k`s...each to their own but i cant be arsed dealing with it

 

Looking at the form, i can't really remember which companies i was offered ppi (if any). I did go through a spell of moving from one 0% credit card company to another. I do remember them trying to sell me it over the phone, but i always declined it

Is it still worth completing the forms and sending them off? I was lead to believe that there might have been a lot of things added to the account without my knowledge that i could claim for

 

I'm pretty sure PPI was very much the exception rather than the norm on credit cards, if it ever existed at all, mainly I imagine because interest rates on them are already so high that lenders don't need to try and fleece customers for any more, but just as importantly because when you take out a card you won't actually owe anyone anything until you start spending on it. The biggies to look back through your financial history for will be cash loans, finance on cars, furniture, appliances, etc - basically anything where you've been lent a lump sum of some kind up-front.

If you're not sure what you borrowed from whom or when, get a trial account with Experian or somebody, and get a copy of your credit history. It won't tell you if any of it had PPI attached, but it will give you the start dates of loans and who they were with, which is a good start.

 

Since your first post I have gone back through my paperwork. I had PPI on my mortgage between 1996 and 2006 and also on a credit card for a few years, both with the Halifax.
From some of the posts on here it appears to me that a lot are just lodging a complaint to 'take a punt' rather than because they may have legitimate grounds.
I have paperwork to support any claim I might make and there are a couple of points (such as a letter from them saying, amongst other things, that I would forfeit the right to a payment holiday if I cancelled my PPI) that would help my case, but even so............was I mis-sold, this was 20 years ago after all?

I'm going to see if the Cambridge branch have somebody who deals with this and if so go in with the paperwork.

 

If you have no docs, you'll find it very difficult, if not impossible, to claim anything over 6 years old back.

http://www.moneybright.co.uk/info/pp...ims-time-limit

 

Exactly my point, hence why a phone call might be in order, I don`t normally like to give people money for nothing but in this case it could be the other way round if it pays off, I know the banks only hold details for 6 years but people have had payouts under the 'average' payout system, it's a no lose gamble for me.

 

(Aside from your credit score), does Experian show details of all your old (and current) credit cards, loans, etc.?

If so, I'm assuming this info would significantly help in speeding up/increasing the chances of success on a PPI claim/s?

 

Yes but only for a certain number of years...i doubt they would go back 15 years in my case.

 

Cheers.

I can't quite recall when I had my loan and credit cards that may have had PPI on... I'm pretty certain they were invoked prior to 2001.

BUT... the credit cards, at least, weren't PAID OFF till late 2009 (still within 6 years!)... So do you reckon it's worth checking Experian and/or trying for a claim, anyway?

 

Experian only show stuff up to 6 years from the date the account was settled.

 

Ah, so I should be okay then.
Got until circa November to get my **** in gear...

 

£3.5k!

 

^^^ Yep, I MUST get thad'*** in gear!

 

Is this sole income for some

 

Sounds fishy.

 

Not at all.

Just money that was wrongly - nay, illegally - taken from the people involved. And most of the sums claimed back are not to be sniffed at, let's face it. Esp. when the amount of legwork to claim back is not exactly 'hard'.

 

I didn't do any legwork at all, they phoned me! Moreover, they didn't actually have the paper work for my PPI so they gave the average amount paid out. I only borrowed £4k and £5k, but paid both of them off early. I actually can't quite believe it!

 

all good for the individual - so hats off

but in a wider sense, you have the laugh - these are the geniuses we have entrusted the entire UK economy too

it is going to get far far worse - for quite a lot of people - with these muppets running the show

 

That's mental (good mental).

 

Yep, very worrying indeed.

I hate inhabiting the world we live in right now. Morally bankrupt in so many spheres.

 

Yet you've no qualms profiting from the immorality you so deride ( I'm being Devil's Advocate).

 

Are you therefore saying that claimants are also morally bankrupt for claiming back monies illegally taken from them, from said institutions? *confused*

Or that I'm not to use any financial services ever, just in case they might be dodgy and therefore that'd make me a 'hypocrite'?

(BTW, I'm yet to claim - I may or may not).

 

To the first point, yes if the amount you're claiming far exceeds what you've paid.
To the second point, yes if you deem those service providers 'morally bankrupt'.

 

Who said people are getting back MORE than what the banks took from them? Or that that is indeed their motivation? I don't think that's the point here. I'm pretty certain most people just want their (rightful) money back; no more. If the mechanism is set up so that claimants DO get back more, then that's not the claimants at fault.

Sorry, I disagree.

You can still trade with whomever, make profit or whatever.... But you're not obliged to necessarily 'like' them for the so called 'privilege', though. That's business... That's life. Don't forget, it works both ways i.e. they're getting business from the customers. Why should they automatically hold the 'high ground', just because they're offering something? And indeed at the point the person took out the loan, credit card or whatever, the bank was behaving 'normally' (for want of a better word). So no hypocrisy on the applicant, there. He/she wasn't to know at the time what was about to unfold.

But let's not lose sight of the salient point here: the banks committed a big, scheming, calculated, snouts-in-the-trough fraud (and they thought they'd get away with it). The public didn't.

They treated the public with contempt. So, in this instance, what's good for the goose........

I'll shed no tears.

 

If you can't beat them join them.

 

If they come through to your mobile phone look for the app "Should I answer" its basically a data base of unwelcome numbers that other uses have rejected and you can set it to automatically bin the call before even one ring on the handset. If its a new number you get the option to rate or block the number and it gets added to the data base.

Brilliant little app, I must get 10 -15 a day on my mobile for PPI, Frozen Pension, Hearing damage in the work place, The accident I had in the last 3 years, Do I want a new boiler......

I got a set of BT handsets at home that also allows you to block withheld, International numbers etc right across the board, you can then add numbers to the block list and the phone remains silent when they call.

Amazing how few numbers ring the house phone now.

You can also sign up to the TPS (Telephone Preference Service) where once you register your numbers by law you are meant to be left alone by these companies.

http://www.tpsonline.org.uk/tps/index.html

 

I've followed this up to no avail however I'm going to try one last time.

 

Lloyds, bloody ridiculous, contacted my wife back in 2010 saying she might have been miss sold ppi. She mentioned the fact that I also had loans and a credit card with them, so the operative on the phone asked to speak to me. I spoke to the guy for about a minute.
A few days later a couple of claim forms dropped through the door, which we both filled in.
A couple of weeks later I recieved a cheque for a couple of grand, the missus recieved a letter of rejection.

She has just this last week recieved a few phone calls from the bank regarding her claim, asking all sorts of daft questions (if she paid in any large sums of money, what was her money for, how much was she earning, did she think she would become ill, twelve fecking years ago!)

Both our credit card claims were rejected. If my loan claim was rejected I wouldn't have given a toss, because as far as I am aware every time I have taken out a loan the ppi has been either discussed, or chosen (or not) by me. However, when both the wife and I took out the credit cards it was never mentioned, or there was no box ticked to choose it.
In fact, after a while it was actually brought to my wife's attention by one of the bank clerks at our local branch that she knows well, that she should cancel it, and at the time was told it was automatically included when you take the card out but if you don't want it you have to write to the card department to opt out of having the ppi.

I was actually in the position where I could have claimed as I was signed off work sick for nine months, but chose not to, because the insurance only paid the minimum monthly payment, which was less than the interest, so my card balance would have gone up, not down. The small print also stated that you were not allowed to make additional payments as well, so completely pointless having it, all of which I said on the ppi claim form.

 

I've gotten claims come through from Lloyds TSB and Halifax in the last 3 years or so.

With Lloyds, I went into the local branch and asked for all details on any loans/credit cards I had since I turned 18 in 2002. The lady helping me wanted to know why and was it for PPI purposes. I wasn't keen to admit this but she said if it was, they had set up a specific team to handle complaints direct through the bank.

So I rang them, gave them all the account numbers etc. and explained my complaints regards PPI (mainly policies being unsuitable, pressured on to me and false information spouted). A few weeks later I chased it up after no reply, got an apology and within a few more weeks (maybe 10 altogether), a full breakdown of what I was getting from what accounts came in the post. A cheque for about £1,400 followed.


With Halifax they sent me 2 letter packs with regards to their basic admittance of PPI mis-selling. The first pack I ignored as I'd only ever had two loans through them, one consolidating the second with a better interest rate. The second came and I thought "**** it", I'll have a go. I filled the pack in minus details I couldn't remember and sent it off. I got a call from their team a couple weeks later and again I explained all my gripes (Halifax were more guilty of saying I needed PPI for a better chance of acceptance/credit rating improvements). They said they'd be in touch.

About 6 weeks later I remember it was and they sent a letter of apology saying it hadn't been processed yet due to high amounts of claims. Anywho another few weeks passed with one more apologetic call inbetween and then another Lloyds-esque letter arrived with a breakdown, interest, apology, grovel, with an attached cheque for about £1510 I think or there abouts.


Quite glad I did it now and I certainly wouldn't have paid one of these advertised companies 'x' amount for doing **** all that I could do myself.

Most banks will have dedicated departments now so half the time you don't need to use letters off the internet.