Can i re claim PPI on a credit card that i have defaulted on?

Izzy1901

Hi

I have defaulted on a credit card that i have had since 2001, can i still re claim the PPI in this credit card?
Any help would be appreciated
Thanks
Izzy

di3004

Izzy1901 wrote: »

Hi

I have defaulted on a credit card that i have had since 2001, can i still re claim the PPI in this credit card?
Any help would be appreciated
Thanks
Izzy

Hi Izzy

I take it you still can, because if you were mis sold for any reason, you have been out of pocket due to this, so no harm in trying.

For more information look here:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Look through the link and if you require any help with this, post up.;)

Izzy1901

Hi Di
Thanks for your quick response... wow
would that still be the case if i have still an amount outstanding?

thanks

marshallka

Izzy1901 wrote: »

Hi Di
Thanks for your quick response... wow
would that still be the case if i have still an amount outstanding?

thanks

Yes its ok with a balance owing but they could (if you win) use the amount to reduce your debt. Still well worth it though.

ylesia

Hi there

I've just been successful with a PPI reclaim from Argos for my mums account, she defaulted on it back in 2005 and it has been part of a CCCS DMP since then (minimal £5 a month). I have just got round to going through everything, my Mum had no clue what PPI was and has never worked so certainly missold!

I sent off the claim letter and within a week had a response saying the PPI would be refunded to the account, the interest on the account is frozen and has been for the last 4 years but they still paid up.

I'm also trying to reclaim charges which is proving a little harder but even then they have made an offer and said it would be credited to the account, if accepted.

I am trying to reclaim PPI on another card which has been sold to a DCA, so not sure how that will go but going to give it a try.

Good luck

di3004

ylesia wrote: »

Hi there

I've just been successful with a PPI reclaim from Argos for my mums account, she defaulted on it back in 2005 and it has been part of a CCCS DMP since then (minimal £5 a month). I have just got round to going through everything, my Mum had no clue what PPI was and has never worked so certainly missold!

I sent off the claim letter and within a week had a response saying the PPI would be refunded to the account, the interest on the account is frozen and has been for the last 4 years but they still paid up.

I'm also trying to reclaim charges which is proving a little harder but even then they have made an offer and said it would be credited to the account, if accepted.

I am trying to reclaim PPI on another card which has been sold to a DCA, so not sure how that will go but going to give it a try.

Good luck

Well done to you and your mum, fantastic.:T:beer:

Good luck with yours as well, keep at them and yell if you need any help, you have done a great job so far with helping your mum.;)