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PPI - Is It Worth It?
FlyerZoe
Posts: 20 Forumite
Someone close to me keeps going on about making a claim for PPI. They are too elderly to really do the work themselves or go through a 3rd party, so I am looking for some advice.
How far back can a claim for PPI go? This person in question had a mortgage, loans, credit cards and car finance throughout the 80's and 90's, and always took out PPI to protect themselves. Between 2000 onwards they most certainly had credit cards, car finance and loans, as far as I am aware there mortgage was cleared around 2002.
Is it worth looking into further?
How far back can a claim for PPI go? This person in question had a mortgage, loans, credit cards and car finance throughout the 80's and 90's, and always took out PPI to protect themselves. Between 2000 onwards they most certainly had credit cards, car finance and loans, as far as I am aware there mortgage was cleared around 2002.
Is it worth looking into further?
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Yes, Nothing to lose and cash back to gain. Simple letter to any companies the person can remember dealing with. Checkout old statements and bills or bank statements. Check on this site for Template letters.0
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How far back can a claim for PPI go?
As far back as can be proven it was paid.This person in question had a mortgage, loans, credit cards and car finance throughout the 80's and 90's, and always took out PPI to protect themselves.
That is a good reason to have it and does not suggest mis-sale.Is it worth looking into further?
What wrongdoing would they be alleging in their complaint?
Do they know the lenders involved (or car dealers in the case of the motor finance)?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.0 -
The majority of it was with a certain UK bank. I shall use the template and see what comes back. Sadly no back letters, statements etc.0
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A pre-existing condition in which they were told they were covered and they were not when they tried to make a claim in 1993.0
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A pre-existing condition in which they were told they were covered and they were not when they tried to make a claim in 1993.
On that same condition or a different condition?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.0 -
If they were "told" this in writing then you have a strong complaint. If it's just a long ago remembrance of a verbal conversation the complaint is simply hearsay and is unlikely to get anywhere...A pre-existing condition in which they were told they were covered and they were not when they tried to make a claim in 1993.0 -
Moneyineptitude wrote: »If they were "told" this in writing then you have a strong complaint. If it's just a long ago remembrance of a verbal conversation the complaint is simply hearsay and is unlikely to get anywhere...
If its the same condition that was attempted to be claimed on that this is not an indication of mis-sale. If was a different condition then it would suggest that the pre-existing condition was significant enough to impact on the ability to claim. That would be a mis-sale.
There is nothing wrong with an insurer refusing cover on a pre-existing condition.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.0
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