Probably not the first to say this..

grogg_bristol

I am completely baffled right now..

Over the past few weeks, I've been getting calls from what must be every single PPI Claims company out there, with each of them telling me I'm owed a massive pile of cash, due to PPI on my mortgage and how they'd be happy to help me claim this (of course they'd like a cut for themselves)

Now - I've already checked with my Mortgage company, and they have told me that there is no PPI in place on the mortgage, so I'm curious as to

a) Why all of these companies seem to think there's a dodgy PPI policy somewhere
b) If there is, why my mortgage company don't know about it, and don't include it on the statements I recieve

Am I just being completely blind to the fact the mortgage company are reluctant to pay up, or is there something I'm missing?

On the most recent call I recieved, the guy at the end of the phone implied that as the mortgage was arranged via a broker, that it might well be the broker that arranged this PPI - in which case, how would I go about checking this?

I do apologise if I'm asking the same question that's been answered a couple of hundred times, but I figured this might be the best place to try and get a grasp of what's happening and how to proceed...

** Update - I've just been advised by my wonderful wife that when she was speaking with the mortgage company, etc following a previous call, it turns out that the broker we used may have gone bankrupt. How much of a problem is this likely to be when trying to find out what the heck is going on?

roonaldo

the people calling you are having you on. They are liars and cheats and just want to get you signed up so they can chuck some complaints about and hope one sticks. I get the calls too and I know for a fact ive never had PPI.

grogg_bristol

The more worrying thing is that they're able to provide some details that would indicate that they've got quite a lot of information about us - approximate size of the mortgage, details of the mortgage company, etc.

dunstonh

a) Why all of these companies seem to think there's a dodgy PPI policy somewhere

Because they are guessing and hope to persuade you to put in a fraudulent complaint in the hope you and they get lucky. Banks are currently reporting that up to half the complaints they are getting now on PPI are fraudulent and most come from claims companies. The ministry of justice is now investigating that as well.

b) If there is, why my mortgage company don't know about it, and don't include it on the statements I recieve

Mortgage PPI is nearly always paid by direct debit from your current account and not factored into the mortgage. Some exceptions apply where the premium may be collected with the lender but they would appear on the mortgage statement. These are mainly on old mortgages.

n the most recent call I recieved, the guy at the end of the phone implied that as the mortgage was arranged via a broker, that it might well be the broker that arranged this PPI - in which case, how would I go about checking this?

If you cant see if your statement then dont bother. Its not there. However, you could ask the broker. After all, it will be the broker you would be complaining about. Although as yours no longer exists the its probably end of the road (especially if you did it pre 2005). Although given how few complaints succeed with brokers, it probably wouldnt be worth it anyway.

How much of a problem is this likely to be when trying to find out what the heck is going on?

You are being enticed by a fraud. Dont fall for it. I get cold called every week (and I am TPS). I have been told I can reclaim PPI premiums. I cant as a) I am an IFA and b) I have never had PPI. Even when I told one cold calling sales rept that I was an IFA and did my own insruances they said I could still complain. That would mean complaining to myself!

Claims companies are probably a bigger fraud than the banks. The bank staff didnt really know what they were doing and the banks have been a bit unfortunate in the way the FSA handled it. The claims companies on the other hand know they are encouraging fraud and are acting fraudulently when they make these allegations.

[Deleted User]

dunstonh wrote: »

Claims companies are probably a bigger fraud than the banks.

Probably???:p

borkid

grogg_bristol wrote: »

I am completely baffled right now..

Over the past few weeks, I've been getting calls from what must be every single PPI Claims company out there, with each of them telling me I'm owed a massive pile of cash, due to PPI on my mortgage and how they'd be happy to help me claim this (of course they'd like a cut for themselves)

Now - I've already checked with my Mortgage company, and they have told me that there is no PPI in place on the mortgage, so I'm curious as to

a) Why all of these companies seem to think there's a dodgy PPI policy somewhere
b) If there is, why my mortgage company don't know about it, and don't include it on the statements I recieve

Am I just being completely blind to the fact the mortgage company are reluctant to pay up, or is there something I'm missing?

On the most recent call I recieved, the guy at the end of the phone implied that as the mortgage was arranged via a broker, that it might well be the broker that arranged this PPI - in which case, how would I go about checking this?

I do apologise if I'm asking the same question that's been answered a couple of hundred times, but I figured this might be the best place to try and get a grasp of what's happening and how to proceed...

** Update - I've just been advised by my wonderful wife that when she was speaking with the mortgage company, etc following a previous call, it turns out that the broker we used may have gone bankrupt. How much of a problem is this likely to be when trying to find out what the heck is going on?

I received a call like this this evening on my mobile. I only give my mobile number when I have to when filling in online forms for quotes as I rarely hear it/ use it. I have never taken out PPI. They're just fishing for business.