PPI on sold CC debt?

waileywoowoo

Up until 2003 we had approx 4 credit cards which we stopped using when we moved, by which time we had paid back much more on them than what we had originally borrowed.
As we never heard from the cc companies when we moved or got the odd abusive phone call from debt collectors on them we never paid anymore owing on them. After a few years the companies obviously sold the debts and we got more and more abusive calls and I decided to send out letters of proof of debt which none of them could do. Needless to say all abusive phone calls stopped.
We paid alot of money back on those cards - more than we spent and so we were wondering if it's still possible to claim the PPI back on them? If the debts were sold would it even be possible to claim from the cc companies?
Part of me is saying to just let sleeping dogs lie as we never had to pay back the ridiculous interest we got charged etc but to this day we can't believe how much we were ripped off and ended up in debt due to Credit cards. We understand that it was our fault though but I'm just wondering 'what if?'
This really is just a query because we're guessing that a) it's been too long and b) we can't claim due to the debts being sold anyway.
Thank you for any help

dunstonh

If the debts were sold would it even be possible to claim from the cc companies?

You can still complain. However, if the debt is recoverable to the original lender (i.e. they can take it back from the company it was sold to) or it was never sold but they were using the services of a third party collection firm (which is common) then any redress payable under a successful complaint can be offset against that debt.

If it was actually sold and not recoverable back to the company then you would keep the redress.

waileywoowoo

Thank you Dunstonh
Would you happen to know whether this would reactivate the original debt?
I sent letters to all of them to prove the debt and none of them could which is why they are no longer chasing us for the money. I assume that they would still need to be able to supply us with this proof?
TBH I've just been going through copies of bank statements from the associates and I cannot see any mention of PPI on that one. I do not have copies of the others but I'm wondering whether we were savvy enough at the time of getting them to have refused the PPI.
I assume the PPI is shown on the statements?

[Deleted User]

waileywoowoo wrote: »

I assume the PPI is shown on the statements?

Yes, clearly and on a separate line each month when your account(s) had a balance. If it's not shown, you didn't pay it.

magpiecottage

Why do you think they should pay you money which they might, or might not, owe you when you failed to pay the money you agreed to pay them?