PPI Reclaiming Discussion Part 5

AdamAJP

Thank you for the FCA link - helpful as I'm very new to this

[Deleted User]

AdamAJP wrote: »

Thank you and sorry to be a little slow but by credit files do you mean credit history - i.e. do Experian et al save all information for this long (i.e. back to the 90's)?

Just the last 6 years.

foreverchanges_2

My wife and I have just discovered we had PPI on Dorothy Perkins and Burtons accounts. We had no idea we had PPi on these cards so it's got me thinking of all the loans and Mortgages, store cards, credit cards etc we have had through the years. Unfortunately, we don't have much paperwork, so before going to the last resort of paying a company to reclaim the PPI, does anyone know of the best credit history website that will trace all the banks etc that we had credit agreements with going back say 20 years or more so that we can contact them directly?

[Deleted User]

Never pay a company.

You will need to tell them who you had PPI with and why it was mis sold. If you know that, just invest in your own stamp and keep all the money.

The only place you'll find 20 year old accounts is in your own filing or memory.

dunstonh

so before going to the last resort of paying a company to reclaim the PPI

Who also wont have any of your paperwork either.

does anyone know of the best credit history website that will trace all the ba

There isnt any.

lurkwarbler

Thank you, Moneyineptitude! Obviously that wouldn't stand alone as a valid complaint, but in conjunction with the information I had supplied with my initial complaint, it may be enough - or the FOS may be the next route to follow.

Thank you very much, -taff! I appreciate your assistance and you gave me some valuable starting-points for subsequent searches which led me to the sorts of things I was looking for.

Best wishes for the weekend!

AdamAJP

Thank you for the helpful steer! I will get searching.

Good point about paying companies.

Only downside to switching accounts and cards all the time (excluding the admin) is tracking them all for PPI now! :rotfl:

TheWheeler2

I had many credit cards, several loans and a mortgage over most of my working life (now 70 and retired). I never got around to making any PPI claims as did not think I had enough information.

Recognising the looming deadline I placed my accounts in the hands of agency Allay. They successfully recovered £14,869 (after income tax of £1,406 was deducted), but charged me £3,906 for this. Even though I paid them promptly each time they were harassing me repeatedly when one bank paid me by cheque rather than bank transfer and they had to wait until the cheque cleared.

My main criticism of Allay was that they only made claims against some of my lenders and I nearly gave up at this point. THANK GOODNESS I PERSEVERED. Nationwide was one lender Allay ignored and I have now been promised a payment from Nationwide of £18,076 (after income tax of £394). Nationwide are also reviewing my mortgage, though I do not feel that policy was mis-sold.

I have a long running claim against the Funding Corporation that I have now referred to the Financial Ombudsman Service. Despite this one of the insurers involved has made an ex gratia payment to me of all the premiums they received plus interest totalling £9,446.

I am still personally pursuing some other small claims. So far my net recoveries after tax and agency charges total £38,486.

I cannot be sure why all my claims have succeeded, but I suspect that my disability due to childhood polio and subsequent respiratory conditions meant I would have had major difficulty making a successful claim due to the pre-existing conditions exemptions. Also my working life was made up of periods of effectively self-employment through my one-man limited company and periods with employers with excellent generous sick pay policies negating many other claims.

There must be many people out there like me who could never have made a successful claim on their PPI cover. I now wish I had started my claims ages ago and realised that the agencies can do nothing you can't readily do yourself. I also found all I needed to provide to start a claim was current and past addresses, date of birth, etc., and account numbers were not essential.

Nasqueron

AdamAJP wrote: »

Thank you for the helpful steer! I will get searching.

Good point about paying companies.

Only downside to switching accounts and cards all the time (excluding the admin) is tracking them all for PPI now! :rotfl:

PPI was no longer sold (except mortgage cover) pretty much from 2010 onwards so switching accounts wouldn't matter too much

AdamAJP

Thank you Thewheeler2!

Helpful to know you got started with such information - I think this thread has given me the confidence to just get cracking in the next week or two. I’m sure one policy was when I was a student which was certainly mis-sold. I may also have a second one on a loan whilst employed 12 years ago maybe so records and memory serve me poorly!