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Starting a PPI Claim

I am considering starting a PPI claim against my Barclaycard which I have had for about 25 years, and estimate that I have paid around £10k.

I am currently still paying the PPI, but would like to know if cancelling it now, would have any effect on my claim ?

PJ

Comments

  • dunstonh
    dunstonh Posts: 121,283 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I am currently still paying the PPI, but would like to know if cancelling it now, would have any effect on my claim ?
    Not it wont.

    However, do be aware that Barclaycard keep around 6 years of statements on a rolling basis. So, whilst you have had it for 25 years, only 6 or so will be looked at.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • A complaint about events 25 years ago will eliminate the "pre ticked box on the website" argument.
  • sun73
    sun73 Posts: 498 Forumite
    Part of the Furniture 100 Posts
    If the ppi started the same time as the card, the bank should still hold statements going back more than six years. If the mis-sale is upheld they will estimate the redress from the original start date to the date before records commence, then add on the amounts that are still available on their systems.
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