To put in a bunch of ppi claims?

[seventygreen]

Ok so the deadline is next year and while I know I had PPI on credit cards and loans from the early 2000's I resisted putting in any claim for ages partly because I thought I wouldn't get anything back or did have the paper work but earlier this year I found some details of an old card and decided to give it a go. I got a check this morning for a healthy amount for very minimal effort and the price of a stamp so am thrilled!

I have since also uncovered several other old c/c numbers and my loan account number so am thinking what the hell might as well claim the lot and see what happens. Feels a bit cheeky but I only get the money if I was mis-sold so whats the harm or aibu?

[Whatshallidonowpeople]

How did you not notice you were paying PPI?

[seventygreen]

All those card where from many years ago when I was young and very stupid especially about money.

[CaveMaman]

I don't think you're being unreasonable for claiming what your due. They won't pay it if they don't have to, so you have nothing to lose. I did it and got back about £1,500 in total.

I recommend using the money saving expert resolver service - it's really easy!

Good luck with it.

[TooTrueToBeGood]

Why wouldn't you? The law says that as long as you satisfy the criteria you are entitled to be compensated. Nothing cheeky about it. What is cheeky is the numerous underhand ploys the banks used to bundle PPI into their products. Now they are paying the price, what a shame!

[Hidingtonothing]

I've just done it, had a tonne of loans early 2000's and am claiming for all of them. I have little paperwork but bank found them straight away, just waiting for their decision now so keep your fingers crossed for me too! I quite clearly remember being told I was unlikely to have the loans approved if I didn't take out the PPI (despite having full sick pay from work at the time) so they were clearly mis-sold, nothing U whatsoever about claiming what you're entitled to OP, good luck

[Fatted]

Having worked for a bank in the early 2000's and knowing how much commission and hard sell tactics they used for PPI, I honestly believe everyone was probably wrongly sold it!

Definitely worth claiming. My DH recently got a hefty pay out. Nothing wrong with asking.

[MixedHerbs]

Gosh yes, do it.
Not long ago I had a sizeable cheque in connection with a loan I took out in 1996.
All I could tell them was that I did it over the phone after receiving a mail shot, I thought it was August because I remember it being hot, and I wouldn't have voluntarily agreed to any optional extras on the monthly payment as the reason I'd taken the loan was because I was utterly skint.
A month later, and after they phoned once to talk to me - cheque received.

[Wingbing]

I claimed for somebody loans taken out it the late 90s early 00s and received a cheque for £9300.

Quite I shock I'll tell you.

[Wingbing]

some loans

[RavenLG]

Yes definitely do it. Don't use one of those shifty companies though, just go through your bank / credit card provider directly. I did this, got about £700 back from 1 credit card.

[BonfiresOfInsanity]

I genuinely can't remember whether I had PPI or not, is there anyway to do a single check or do you have to identify each loan / credit card / mortgage etc?

[PositiveVibez]

Do it!! I got a couple of grand back, but the bulk of this was mostly interest.

[HollowTalk]

I was told time and again that I wouldn't be given a loan without PPI. I was also told the whole monthly amount without being told there was PPI in it.

[SpandexTutu]

Can somebody explain how to do this? Is there a company you can recommend?

[LouieLou2013]

I'd use the money saving expert resolver service. It's free, no commission. I got £2.5 k back in misplaced bank charges, only did it because of a thread on here.

[Ikabod]

@SpandexTutu I can recommend a company but the charge 30% commission. If you do it directly with your bank/ credit card people you get the whole lot. That said the company I've used doesn't cold call and it's been really easy.

[Quickquest1on]

Is there a time limit on claiming?

[Thewindsofchange]

I put in a claim recently using the template letter from Martin Lewis and have had a lengthy form back to fill in and send back. I've not heard of anyone else having to do this (it always seems, like a pp, to be 'send a letter off, get cheque bank')

Has anyone else had to do a long form/application asking loads of details?

[seventygreen]

Don't use a company most banks have online ppi checkers and you can use them if you don't have details if you do you can make a clain on their system or use the resolver tool, google it.

Once you have all the relevent info there is usually a form online or you can use the FOS form or resolver.

Don't use a company!

Quickquest1, August 2019 is the deadline. Some rules vary as some financal products can't be claimed on if you closed them more than three years ago but thats less common. My claim was on a card I had many years ago and was closed 8 years ago. Other people have made claims back to the 90's.

Just give it a try!

[seventygreen]

windsofchange, just use the FOS form which you can get online the forms the banks use are almost designed to put you off!

[Bluebird1234]

Wrong if not mis-sold

[Dogsmom]

Dh had 7k back from a few loans and I had 3k back from a mortgage, I'm currently waiting to hear about another mortgage.

It was so easy to do online and took less than 5 minutes.

The mortgage one didn't even ask any more details or told me I was being refunded, they just put over 3k into my bank which was a shock when I checked my balance.

[LannieDuck]

seventy Thank you for the link. Do you just send the form straight to the company involved, with a covering letter?

I've been sitting on a claim I need to sort out for my husband. He's terrible with admin, and I've found paperwork that he had PPI from the AA for years. I think it was connected to his car insurance. He can't remember ever agreeing to it. So I need to try and reclaim for him, I just wasn't sure how to go about it.

[Queenoftheblitz]

My sister has had 24k in ppi claims over the last 10 years.
Don't use a middle man.
Use a template letter as advised above. It's easy if you have an account number for your claim.
The bank is legally obliged to folllow it up. I received £1,500 back a few years ago just by sending a letter.

[OutsideContextProblem]

www.moneysavingexpert.com/reclaim/ppi-loan-insurance
Here’s the Money Saving Expert Guide which will tell you everything. Piece of cake.