PPI - Time limit for reclaiming?

hairbrain05

Is there a time limit for PPI claiming, as with credit cards etc?

di3004

hairbrain05 wrote: »

Is there a time limit for PPI claiming, as with credit cards etc?

Hi there

Normally 6 years, but many have still been successful in reclaiming as from the 1990's.
If you make them aware as well that you have only recently learnt of the mis selling that helps.

One of mine was successful through the FOS, Lloyds TSB Credit Card PPI, which was taken out in 2001.
It does help if you still have the account numbers for each loan or credit card etc if you want to make a reclaim.

For more on reclaiming with guidelines and templates, useful info here:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Give us a yell if you need any help, good luck.;)

hairbrain05

many thanks for your help!! x

di3004

hairbrain05 wrote: »

many thanks for your help!! x

Your very welcome.
Give us a yell if you need any help anytime as well.;)

hoochtrio2

I have just had a reply back from the Ombudsman informing me that they cannot (will not) help in a claim I brought to there attention. Reason: sold to me before 14 Jan 2005 based on information given? though information cleary stated that the policiy was mis-sold to me in 1997.

dunstonh

hoochtrio2 wrote: »

I have just had a reply back from the Ombudsman informing me that they cannot (will not) help in a claim I brought to there attention. Reason: sold to me before 14 Jan 2005 based on information given? though information cleary stated that the policiy was mis-sold to me in 1997.

If you bought the PPi in 2007, then the FOS have made an error and you should point out their error. If it was bought prior to Jan 2005 then the FOS are correct. It is pre-regulation and outside of their remit.

-taff

If it was sold in 1997 that is before 2005? So if it was for something like First PLus or cars or something like that, it woulnd't have been regulated and they can't do anything.

Who was it with?

[Deleted User]

dunstonh wrote: »

If you did indeed buy the PPi in 1997, then the FOS have made an error and you should point out their error. If it was bought prior to Jan 2005 then the FOS are correct. It is pre-regulation and outside of their remit.

I think 1997 is eight years prior to 2005.
SHURELY SHOME MISHTAKE?:D

dunstonh

I thought the OP was meaning 2007 rather than 1997 and it was just a typo. After all, 1997 is before 2005 and the OP was inferring it was after 2005.

hoochtrio2

I understand the dates I typed, but some time back I read on here thet pre 2005 you were less likely to get anywhere, but if it stated on your agreement reference to 1974 consumer credit act it shows the company was still bound by certain rules and worth persueing?
I know it's a long time ago but yes it was mis sold and until all the PPI scandal I didn't know I could raise a case. The agreement only paid off/terminated in 2008.

Thanks for all the comments, I just need to know if I am wasting time and effort?

hoochtrio2

also my inference was without background information to viewers of this post sorry, ombudsman had already sent me forms to and fro to fill in and add to even though from the outset the dates were clear as I had provided copies of original paperwork