Likely that there are PPI's on accounts from 2012?

Squid101

Basically that to be honest.

Whats the chances of having PPI on any of my credit cards and loans taken out since 2012? I was under the impression it all stopped circa 2011...is that right?

I would put all the claims in if i thought there was something to claim (kinda on the off chance) but i honestly dont know if theres any point? In any case all accounts were opened online without speaking to anyone i dont know if that makes any difference.

Whats does everyone think?

Tah

[Deleted User]

Even if PPI were still being retailed for Bank loans and credit cards (it most definitely is not), the chances of being mis-sold it in 2012 is precisely nil.

If you did put claims (complaints) in they would therefore be lies.

Only mortgage PPI remains and recent sales of that are now watertight too.

Squid101

Thanks for that. This defo saves me any rime seeking out relevant paperwork to check all the small print.

It always pays to ask the right people first ��

thanks for your time.

Squid101

I have been getting loads of calls and texts about claiming for charges. I instantly came to the conclusion it was PPI related. I just looked again and it's not. It's about claiming for bank account charges. Just thought I should update primarily to take a bow for being a dummy!!

Sorry!

[Deleted User]

Squid101 wrote: »

I just looked again and it's not. It's about claiming for bank account charges.

Don't be tempted by calls or texts from companies trying to sign you up so that they can complain on your behalf. They charge a massive proportion of any redress you might win, redress that would be 100% yours if you complain alone.

Just note that not every packaged account was mis-sold, nor are they automatically refunded.

Squid101

Oh no I wouldn't use them. It must have set my mind ticking away.

I don't know if I will bother atm I do have one chargeable bank account which doesn't earn it's keep. Recovery and phone insurance which I have elsewhere. I might look at just moving to a basic account when I can.

It seems the banks just keep getting into trouble for being excessively commercial.

Nasqueron

1) PPI on CC - it's on every single statement where you didn't clear the balance, no need for small print or Ts & Cs, just look at a statement where you didn't pay back in full - if you had PPI it would be on the statement as a separate charge
2) Bank account charges - if you have a paid for account then you can complain if you feel you were miss-sold (e.g. if they have benefits you never use as, for example in your case, you have the cover elsewhere)
3) Current account switch is really easy and several banks offer incentives of over £100 just to move to them and can offer great interest rates on various sums, if you don't use the benefits of your account and have some money every month left over, look at Lloyds or TSB, or Santander if you have more than £3000 in your account