Claiming back PPI - Questions...

Kymatica

Good evening,

I've started to get the ball rolling regarding claiming mis sold PPI. I've registered with Experian and now have access to my credit history. I've had numerous loans and credit cards over the past 15 years but I did not keep any paperwork.

Firstly, the report only goes back 6 years, how do I check back further?

Secondly - I decided to call all the different lenders rather than sending a letter in order to ask if I had PPI attached to any loans or credit cards. According to the Halifax I had one loan which had PPI which dated back to 2001 and ended in 2004. I thought others had PPI attached.... Is it preferred to send a letter or is it adequate to take the word of someone over the phone??

Cheers and any advice would be greatly appreciated.

-taff

No one has more than a 6 year history, The rest is up to you to remember.

http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

misschicken

Sometimes the banks keep records for more than 6 years. I've had records going back to the early 90s despite being told on the phone that they only had records going back to 2003. What the bank employee on the phone can see on their system is not necessarily what the bank has archived. To access all the records the bank has for you you can send them an SAR (see the Sticky at the top of the PPI forum). It costs £10 and you would have to send one to each bank you want records for. Remember - they may not have records going back more than 6 years and if they do they may not be relevant to your PPI. The most important thing you need however is a reason why you think you were mis-sold the PPI.

FedUp1

Hi All,

Thought I would post on here as I am slightly confused.
I used a company to do my PPI claim for me as I didn't really have time at the time to do it myself and as I had no details I didn't think it would be easy. So I have actually been succesful in a claim but have received an invoice from the company advising of the costs I need to pay out. This is where my confusion starts:
The bank sent me a cheque for an amount, I have put it in my bank, expecting to make a payment to the firm for their hardwork. However the money I got back from the bank is different to what the company are telling me I received - its about £60 difference (I know its not alot) however it just means that the fees I have to pay are far more than I was expecting. The company have never explained why the difference in money after asking several times. I know I have to pay that isnt the issue just wondering if anyone else has come up against this at all?
Can anyone advise?

scorpioyorks

Hi, could it be tax taken off?

My partner recently got his ppi and he was told he would get around 1700 and he got 1600 and they said it was because tax had been taken off at 20% .

FedUp1

scorpioyorks wrote: »

Hi, could it be tax taken off?

My partner recently got his ppi and he was told he would get around 1700 and he got 1600 and they said it was because tax had been taken off at 20% .

Thank you.
Do you know what the rate of tax would be? Also should this not be documented on my invoice received from the PPI company?

FedUp1

Sorry Scorpioyorks, jsut seen that you said 20% the difference in what i was paid as to what they are saying i was paid there is 8.8% difference?

dunstonh

The claims companies usually invoice for the full amount of the redress paid. Not anything deducted from it (for tax, arrears, defaults etc).

Part of your redress will be a refund of premiums and part of it will be interest on those premiums over the time. That interest is taxed. The premium refund is not.

-taff

misschicken wrote: »

Sometimes the banks keep records for more than 6 years.

No credit check company has more than a 6 year history. e.g. experian, equifax etc.