Ppi

keepitlegal

I was pensioned out of the Fire Service in 2010 due to spinal problems, I will never be fit enough to work again, if I have been paying PPI, will I be able to claim back any payments I have made to my mortgage or credit cards etc since 2010, and if so would it be better to reclaim the money rather than reclaim for missold PPI?

Keepitlegal

dunstonh

if I have been paying PPI, will I be able to claim back any payments I have made to my mortgage or credit cards etc since 2010, and if so would it be better to reclaim the money rather than reclaim for missold PPI?

1 - were you missold?
2 - why didnt you claim on the policies? (no its not too late to claim)?
3 - an event in 2010 does not make sales of the policies years earlier mis-sold. You would be reliant on the goodwill of the provider for them to refund premiums since 2010. If it was an insured event then claiming on the policy is what most would do.

keepitlegal

dunstonh wrote: »

1 - were you missold?
2 - why didnt you claim on the policies? (no its not too late to claim)?
3 - an event in 2010 does not make sales of the policies years earlier mis-sold. You would be reliant on the goodwill of the provider for them to refund premiums since 2010. If it was an insured event then claiming on the policy is what most would do.

1. TBH if I was (am) paying PPI then it was mis sold.
2. I've never made a claim as I don't know if I have been paying PPI, plus it never occurred to me to try and make a claim.
3. I wondered if it would be more financially viable to claim back any payments I'd made rather than claim for being mis sold PPI, also it may pay off my mortgage as I will never work again.

Keepitlegal

dunstonh

1. TBH if I was (am) paying PPI then it was mis sold.
2. I've never made a claim as I don't know if I have been paying PPI, plus it never occurred to me to try and make a claim.

You mention is was mortgage PPI. How would you not know. One of the reasons most Mortgage PPI complaints fail is that it is normally standalone monthly direct debit and not "hidden" in the with the debt.

Is it a lender's PPI policy or arranged via a broker?
Was it taken out before or after January 2005?

keepitlegal

dunstonh wrote: »

You mention is was mortgage PPI. How would you not know. One of the reasons most Mortgage PPI complaints fail is that it is normally standalone monthly direct debit and not "hidden" in the with the debt.

Is it a lender's PPI policy or arranged via a broker?
Was it taken out before or after January 2005?

My wife sorted all our financial matters out, she's not very well at the moment so I have now taken over lots of things she did in the past.

I don't know if we have paid any PPI, so I cant answer if PPI was taken out as a policy or via a broker.

I have to admit that I know absolutely nothing about mortgages, PPI or any other financial things, I'm now on a sharp learning curve.

Keepitlegal

Nearlyold

keepitlegal wrote: »

I was pensioned out of the Fire Service in 2010 due to spinal problems, I will never be fit enough to work again, if I have been paying PPI, will I be able to claim back any payments I have made to my mortgage or credit cards etc since 2010, and if so would it be better to reclaim the money rather than reclaim for missold PPI?

Keepitlegal

The first thing to do is to check whether you have/had PPI. Credit Cards are easy because any PPI payments are detailed on every statement where a balance is carried forward from the previous statement, if you no longer have any statements just ring the Credit Card Company and ask them.


With regards to the mortgage - 1) Ask the lender (they may not know anyway if it was arranged by a broker) 2) Ask your bank for a list of Direct Debits or look online if you have this access and work your way through them identifying each one by one as to what its paying for. For any you don't recognise contact the originator and ask them. This will be a useful exercise for you anyway as you are now having to take responsibility for household finances


Once you have this information come back to the forum

Fiona2285

Hi Martin, years ago I believe I was miss sold Ppi on a credit card which is now closed. When I contacted Halifax they said they couldn't find my account as I didn't have the account number. I'm just wondering if it's worth making a claim as I only had the card open for a few months.
Fiona

dunstonh

Fiona2285 wrote: »

Hi Martin, years ago I believe I was miss sold Ppi on a credit card which is now closed. When I contacted Halifax they said they couldn't find my account as I didn't have the account number. I'm just wondering if it's worth making a claim as I only had the card open for a few months.
Fiona

Please post on your own thread rather than hijack someone elses on an unrelated subject. Its considered rude as your questions may result in people answering you and forgetting about the OP.

keepitlegal

We had a mortgage with Northern Rock which is now Virgin, will Virgin be liable if we paid any PPI on our Northern Rock mortgage?
The mortgage ended in 2013.

Keepitlegal

dunstonh

We had a mortgage with Northern Rock which is now Virgin, will Virgin be liable if we paid any PPI on our Northern Rock mortgage?

No.

If the mortgage was bought via a northern rock branch then Northern rock asset management (NRAM) is who you complain to.

if the mortgage was bought via a broker then you complain to the broker. (this is where the Jan 2005 date can come into play as most brokers were not regulated before then - although some were).

I assume you have found the direct debit to the PPI on your statements then as Northern Rock PPI was standalone and had its own monthly payment and not built into the mortgage. Who was the insurer?

societys_child

Who was the insurer?

I don't think the op has worked out whether he had any ppi at all yet.