Kay's & Marshall Ward

dragonet1

Not sure if this is worth asking about or maybe it will just prove to be too 'far gone'!
Sometime in the 1970's (1972-?) I had two catalogues I used to but from in those days you couldn't buy anything without PPi now I'm wondering if it's poss to be able to track anything down.
I have no paperwork/account numbers or anything of that sort. I don't even remember the address I lived at! I don't hold out a lot of hope.
Is there anything I can do?

amersall

I would think with no paperwork and as it was over 40 years ago, you would get nowhere with this.

Goldiegirl

I had a Marshall Ward catalogue in the 1970's, and there was no PPI.

If you remember, with catalogues, you filled out the paying in slip yourself, and wrote details of what your customers paid on the back of the form. There was no space on the paying in slips for 'PPI'.

Marshall Ward never had your banking details, as to a certain extent, catalogues were aimed at people who didn't have bank accounts, as all transactions were in cash.

As they didn't have your bank account details, they couldn't mysteriously 'take' money from you.

Even if there was PPI (which there wasn't), you'd have to tell them why you think it was mis-sold.

Respectfully,if you can't remember where you lived at the time, I doubt if you'd be able to remember how something was sold to you

I think you are clutching at a straw that doesn't exist.

Sorry,

Nasqueron

PPI didn't exist in the 70s as far as I am aware, believe it was 80s and onwards (happy to be corrected though)

magpiecottage

Nasqueron wrote: »

PPI didn't exist in the 70s as far as I am aware, believe it was 80s and onwards (happy to be corrected though)

The same applies for FOS jurisdiction. The Insurance Ombudsman, the first, only started in, if I remember correctly, 1983.

~Brock~

Nasqueron wrote: »

PPI didn't exist in the 70s as far as I am aware, believe it was 80s and onwards (happy to be corrected though)

PPI, in one form or other, has been around since the 50's & 60's, and its ability to be included in credit agreements has been legislated for in the Consumer Credit Act ever since its introduction in 1974.

The only thing that has changed over the years is that the banks got greedy in how the products were priced and sold during the consumer credit feeding frenzy of the 2000's, bringing about the regulatory hammers that caused the destruction of the product and, arguably, the market it occupied.

See here for an interesting alternative viewpoint of the PPI 'scandal'

Nasqueron

Was an interesting read and largely my view on it from a non-financial background - banks forced to apply current laws retrospectively to sales and pay compensation - how many dodgy cases have been autopaid to avoid the hassle and clear the backlog...

As someone who has never had a loan, always paid off the CC in full every month and never bought stuff I couldn't afford I lose out as the banks are using billions to pay off these complaints, many of dubious nature, many simply "I didn't use so I want a refund" etc so their share prices fall (affect my pension funds), they have less money to pay to customers in the form of bonuses for current accounts, interest rates on savings etc.

People who were genuinely miss-sold (e.g. single premium PPI included in loans; those who would never have been able to claim) deserve the money back. Bandwagon jumpers getting lucky with an auto-pay or using the FOS as a blackmail tool got money they didn't deserve.

~Brock~

Yep - you have summed it up pretty much as I see it.

dragonet1

Thanks for all replies, thought it was a bit vague to say the least!