PPI FAQs discussion thread

DSnoozer

I took out a loan with Anglian Home Improvements who used GE Money back in January 2000. I was paying PPI on my loan. Anglian reckon the sale of general insurance did not come under the remit of the Financial Services Authority (FSA) until the 14th January 2005. Anglian also reckon that they were not a member of the Association of British Insurers (ABI), the General Insurance Standards Council (GISC) or the Finance & Leasing Association (FLA) and were consequently not bound by their codes of practice.

I just want to reclaim my PPI payments with interest. Is this still possible ?

[Deleted User]

DSnoozer wrote: »

I just want to reclaim my PPI payments with interest. Is this still possible ?

You don't reclaim, you complain of mis-selling. Unfortunately, as you have already been told, the sale of your PPI was by a seller who was not regulated in the year 2000 and so your complaint has fallen at the first hurdle.

You can forward your complaint to GE Money, but they don't have to consider your complaint either.

Lots of other threads about this
https://forums.moneysavingexpert.com/discussion/3378608

https://forums.moneysavingexpert.com/discussion/4858799

https://forums.moneysavingexpert.com/discussion/3791835

https://forums.moneysavingexpert.com/discussion/4247243

https://forums.moneysavingexpert.com/discussion/4053681

scotsboy67

Hi
I had a couple of finance agreements a few years ago where the lender accepted a negotiated partial settlement on the arrears and the debt was classed as settled. Both of these agreements had PPI. If I claim for PPI, can the lenders apply any payout to make up the shortfall of the partial settlements even though the lender agreed to previously accept the settlement figures?

dunstonh

scotsboy67 wrote: »

Hi
I had a couple of finance agreements a few years ago where the lender accepted a negotiated partial settlement on the arrears and the debt was classed as settled. Both of these agreements had PPI. If I claim for PPI, can the lenders apply any payout to make up the shortfall of the partial settlements even though the lender agreed to previously accept the settlement figures?

Lenders are allowed to offset any redress against arrears, defaults and amounts written off as part of an agreed settlement.

So, yes, they can but only against that particular debt. i.e. if you had 4 loans over a period that were not linked and one defaulted and had a reduced settlement agreed, then they can only use the PPI redress on that one against the amount written off. If the debts were linked (chain of loans where one paid off the other) then they can use each one against the final debt that was written off.

Jenny45_2

Hi, can you help, I had a loan 18 years ago can I claim ppi. Thanks jenny45

AngelaJW

My first mortgage was an endowment one which was 30 years ago with the Halifax. Would I be able to enquire about possible PPI and so long ago too? Thanks.

dunstonh

AngelaJW wrote: »

My first mortgage was an endowment one which was 30 years ago with the Halifax. Would I be able to enquire about possible PPI and so long ago too? Thanks.

You cant have PPI on an endowment. The mortgage was a possibility but you are looking at very early days of PPI. Plus, most MPPI complaints fail. Especially ones from that era as back then, the social security benefits were very low.

If you used a broker, then its 20 years before regulation. If you used a bank you can try but dont expect much.

Jennyp45

Hi, I had a loan from Barclays Bank about 18 years ago can I claim my ppi back. Thanks

dunstonh

Jennyp45 wrote: »

Hi, I had a loan from Barclays Bank about 18 years ago can I claim my ppi back. Thanks

You can make your complaint on it regardless of how long ago it was. The only issue with time is that documentation does get destroyed the further back you go. So, it can be an issue but you wont know unless you make the complaint.

Blackpoolbonesy

I have just received a letter from Yorkshire Bank saying some of my loans they were unable to determine whether PPI was on or not what can I do as I have no paperwork on them as they are over 12 years ago?