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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

Aibu to think I am the only person who didn't take out PPI?

179 replies

Redspider1 · 28/08/2019 13:22

With the deadline nearly here and the constant reminders from ads on TV and radio, I feel a slight panic rising that I actually did have it and I'm missing out on thousands. We don't believe we had PPI but made an enquiry as a friend said the same and got some money back but we were told we had no claim. Everyone I know has had some money back. Never had car finance, or loans only mortgage and credit card bit no fees to policies attached. Are there others like us out there ? Have I missed something?

OP posts:
Original poster
Redspider1 · 28/08/2019 14:38

I had a couple of store cards but always said no to PPI.

OP posts:
cookiemonster5 · 28/08/2019 14:40

I always declined ppi. Never ever took it and fed up of all the letters and adverts now coz I'm not getting this "windfall" everyone else ls getting.

Goawayquickly · 28/08/2019 14:53

Speakercube yes you’re right about overdrafts, much rarer but I got 8k back on very mid-sold overdraft protection. It was a long fight for that and it’s documented on MSE somewhere from long ago - even there people told me it didn’t exist! OPI it was called.

isabellerossignol · 28/08/2019 14:57

I thought I had no PPI but it turned out I did, and I have got a few hundred pounds back. I worked in finance and declined everything but it didn't stop some companies applying it anyway. It wasn't always visible as a separate entry on your statement, they had ways of hiding it eg on a loan where there was a specific figure for the term of the loan they could charge it upfront and add it onto the loan, so you might never have known you had it.

NoBaggyPants · 28/08/2019 15:02

I've never had it, because I take a few minutes to read when I'm signing/ agreeing to.

I feel a bit sad for people that have received big payouts, they must have paid out thousands in interest and charges in the past.

shearwater · 28/08/2019 15:04

I declined it every time as well because I read the terms and conditions first.

Rufusthebewilderedreindeer · 28/08/2019 15:05

We didnt have PPI either

I agree with the poster upthread...its very disappointing

isabellerossignol · 28/08/2019 15:07

I declined it every time as well because I read the terms and conditions first.

So did I. And most of the time they accepted that I had declined it. But not always.

Danglingmod · 28/08/2019 15:14

I think the only way you can be absolutely sure you're not owed PPI back is if you've had zero credit during this period.

We've had no credit cards, store cards, loans, car hire purchase or overdrafts ever and I know for a fact we didn't get it added to our mortgage, so know we have no claim. If you've ever had any of the above, you may have been signed up to it despite saying no.

shearwater · 28/08/2019 15:17

The thing is, I have no records from more than 12 months ago as I regularly shred paperwork. I can't even remember all the details of whom I had loans or credit cards with.

SugarPlumFairyCakes · 28/08/2019 15:19

None for me as no cards, loans etc. during the period. Really don't understand though as partner did sign up PPI on car loans etc (despite me telling them not to!) but still only a small payout of £250 about 7 years ago. I did think they would get more than that for substantial loans over 5 years!

ABy1er · 28/08/2019 15:21

No Baggy our loan was very short and very tiny. We really didn’t pay out loads of interest.

ChiaraRimini · 28/08/2019 15:27

I know I never had any PPI as I knew it was a con from the get go, plus until 3 years ago I never had any credit except mortgage and a credit card paid off every month.
It may seem like a windfall but it's just getting your own money back.

Goawayquickly · 28/08/2019 15:28

declined it every time as well because I read the terms and conditions first.
Well yes so did I but it was still added sometimes

OtraCosaMariposa · 28/08/2019 15:30

No, we didn't either. We're both mid 40s and had mortgages and credit for things like sofas and kitchens through the peak PPI times. And credit cards, store cards etc.

We understood what it was and made an informed decision that we didn't need it.

PuzzledObserver · 28/08/2019 15:34

I did have PPI for 2 years on my first mortgage (late 1980's), and was glad of it because it would have covered me if I lost my job (I didn't).

I have been working on the basis that, since I have always paid off credit cards in full every month since about 1990, I wouldn't actually have been charged any PPI. But I did have a couple of car loans in the 90's....

cortex10 · 28/08/2019 15:35

Over the years we've had (literally) numerous cards and loans and several mortgages with a wide range of lenders - all now thankfully repaid. I've always kept a list of reference numbers and lenders going back to the beginning on a spreadsheet. Not a single one had PPI - not surprised as we were always careful to decline. But like others do now feel a bit left out...

paddlingwhenIshouldbeworking · 28/08/2019 15:36

Disappointingly DH & I both had it drummed into us that interest is evil unless for a mortgage. So only ever had no fee credit cards and interest free credit.

Still feel I might be missing something. When people say they've filled out a form 'just in case' what form is that ? How do you know who to send it to ?

MadisonAvenue · 28/08/2019 15:54

We took it out on our mortgage back in the 90s, we both distinctly remember being told that we needed to sign up for it when submitting the mortgage application.

We put in a claim which was turned down. However, the building society made a goodwill payment of £570 for some reason, six months later we had another cheque for £70 and a letter stating that they'd reviewed our claim and were offering another £70 goodwill payment.

UnfamousPoster · 28/08/2019 15:56

I work in finance and read every bit of paperwork in relation to loans, credit cards, etc and actively declined PPI throughout the 90's and beyond.

Fast forward to the "PPI claim" adverts and I thought "what the heck - doesn't cost me anything to enquire". Used The Claims Guys to do the search for me and hey presto, a claim! I managed the claim myself any only managed to get £400 back as it was for a loan I ended up repaying after a year.

The point is I read everything. Diligently. But they still caught me with PPI, which is exactly the point about these claims - it was most definitely being missold if I didn't spot it. I still had the paperwork for the loan and I still couldn't see it in the terms!

shearwater · 28/08/2019 16:00

Presumably The Claims Guys just do a search on your credit file. How easy is it to do that yourself? (Genuine question, not being facetious).

historysock · 28/08/2019 16:01

I didn't knowingly take it out. But I did a check anyway and ended up with £1400...so it's still worth a look

shearwater · 28/08/2019 16:02

Credit histories only seem to go back six years- I would need to go back twenty.

paddlingwhenIshouldbeworking · 28/08/2019 16:09

just did a quick google. The claims guys and others have stopped taking new claims now.

Geometric · 28/08/2019 16:41

paddling you can contact any provider and ask them to check if they’ve sold you ppi - paperwork not required, just name, date of birth and current / past addresses. You just need to contact them one by one, the FCA site has the contact details, most have an easy online form to complete. If they do find something, it gets treated as if you complained within the deadline.