To wonder if PPI is hidden on my statements? Any experts out there?!

[chickengravey]

Hello,

I've just come back from a get together with some old friends. A few of them have received some huge PPI refunds and used them to clear debts which is great.

I haven't looked into the PPI thing before because I always say 'no' when I'm offered it on a credit card or loan. But friends say I could still have been paying it and not known. For example on an overdraft or mortgage.

I've read through a couple of long threads on MN about this but can't seem to find an example of someone claiming it back when it's not shown on their statements.

Anyone out there that has had a successful claim even though they thought they weren't paying, and it's not printed on their statements?

Thank you, any advice on this will be much appreciated.

Anyone?

You could have. I recently had a payout which printed a couple of my family members to check their old statements. They would have said they were 100% sure they never took out PPI, but when they checked, they had and are now going to attempt to reclaim it.

They know that they always refuse any additional cost when taking out products because one of them is self employed which would nullify the insurance.

Have you got any ol statements?

Prompted that should have said.

I am self employed too hence I've always said no. I do have old statements but nothing on them.

I'm wondering if it is sometimes included in the interest payment for example.

I'm also going to check my husband's cards, but he has had so many over the years it's a huge job!

On my statements it was clear. On my BIL's statements he had some with clear additional payments, and some with none, he's going to write off to all of them anyway.

You can call the companies with whom you have the products and ask them if you have/had insurance in your loan/card whatever and they should be able to tell you. If they can't they'll tell you what to do next.

The way I saw it when I dug out all the paperwork, and wrote all the letters was that if I possibly had a grand at the back of my shed (where all the old paperwork was!) I'd make the effort to look. I sent off 7 possible claims and ended up with a £2k payout from just one. Nothing from the others due to insufficient paperwork at my end so I'm not complaining! Look into it I say, there's nothing to lose.

The 2k card that paid out was my husbands!

It was a 15year old goldfish card! Honestly, it's so worth a look.

It did take me a bit of time over a few days sorting it all out and doing photocopying & letters - but turned out to be well worth it.

It's worth checking out.

Some firms will do an initial check for free, so it's worth googling them.

*law firms that is.

I might get one of those firms to do an initial check , good idea.

If you get an experien credit report it shows you everyone you have ever had an agreement with, then you can just ring them up and ask over the phone, it's easy! I always said no to ppi but I had £790 lurking on an old credit card.
It's a £1 for the credit report then a few phone cslls

On a credit card it will be itemised on your statements.

On a loan it could either be a monthly payment, added in addition to the interest (so your loan statement each month should show a payment to the loan, interest added on and also a PPI premium added on).

Or it could be single premium in which case it will show as one charge added on at the very start of your loan and interest is charged on the loan and premium throughout the term.

Don't go to a CMC, not even for a DSAR. You can do it all yourself for free.

Agree re not going to a CMC.

Actual law firms are now involved in it though, usually on no win no fee style agreements.

Though it can be done yourself, it can be time consuming and complicated to do so.

The initial check to see if you have PPI is almost always free (if not go elsewhere).

It's so easy to do yourself. Go to the money saver expert website and all the letter templates are there and all the information on how to claim.

Do it! You never know what you may get for the sake of a few stamps :)

Thank you everyone. It would be great to get a little windfall right now!

We got 1500 quid off Tesco loans, and THEY came to US.

Wahey! Champagne, Bruges, shopping etc.

Then the gearbox went. The repair was £37 less than the settlement.

Fucksocks.