How old can a ppi claim be?

hartleysjam

I had a loan with Sainsburys in 2001 & First Direct in 2002 both with PPI that I didn't need, I don't have the paperwork for the sainsburys one any more though, I susspect FD will drag their backsides about issuing a PPI refund anyway

Should I still give it a whirl?

DrSqueeze

If you have grounds for feeling the PPI was missold by the banks, and can explain why it was unsuitable for you, then yes. I've gone back as far as 1994 and been successful, so don't be deterred by the dates.

The most you stand to lose is the cost of a couple of stamps or phone calls.

suitable69

I recently went far back as 1991 and as its already been said if you feel you have been miss sold PPI and your bank still has the info on the database just go for it.

nee-andy-thall

1991? Really?

I'd love to be able to claim back from Beneficial Bank (now HSBC?) and Barclaycard for refusing to pay out on 'Insurance' when I was out of work for 9 months in 2002... What do you think my chances would be?

SailorSam

On Bbc breakfast this morning there was a woman who said the banks (not sure which ones) are sending letters to all customers who may have been miss sold insurance reminding them to claim. She saidit didn't matter that you no longer had any paperwork 'cos the bank would still have records.

nee-andy-thall

Ah well, I have a letter written and ready to send to HFC/Beneficial/HSBC.

I shall wait on their reply, although I'm not holding my breath

dunstonh

SailorSam wrote: »

On Bbc breakfast this morning there was a woman who said the banks (not sure which ones) are sending letters to all customers who may have been miss sold insurance reminding them to claim. She saidit didn't matter that you no longer had any paperwork 'cos the bank would still have records.

She was wrong.

The FSA have reminded the banks that where they find trends that they should be pro-active. Same advice as last year and that which has been in place for many years. There is no indication that the banks (as a collective) are going to do this. Some no doubt will, others may be told to.

DrSqueeze

And there are lots of examples on this board of complaints being rejected because banks no longer have any records of their loans.

So nobody should rely on the idea of banks being proactive and contacting "everybody".

suitable69

@ nee-andy-thall, Yeah I put a claim in for a loan from 1997 and I got my upheld letter and the amount didnt match a 5 year loan so I queried it and was told it was for a loan from 1991 for 24 months reason for the mix up Lloyds TSB used to give loan customers one single account number then label them loan 1 loan 2 etc so now im fighting for my loan from 1997. The 1991 loan was a bonus :j

dunstonh

Lloyds TSB used to give loan customers one single account number then label them loan 1 loan 2 etc so now im fighting for my loan from 1997. The 1991 loan was a bonus

Just for clarification as we are going back a long way here. Lloyds did not do that. It was a TSB thing. Lloyds issued a new account number with every loan.

suitable69

Yes your are correct, sorry its just force of habit typing Lloyds before TSB