Old cards - PPI

John_Jizzle

I'm interested in claiming PPI but I cant remember many details. I had a few credit cards and loans back in 2004 after uni but dont remember many of the details.

Would a PPI company be better at finding this information than I would and better chance of getting the money back, I had lots of different addresses over short times back then so will be quite a messy one?

I tried once before with egg but got rejected because they said I needed the PPI due to having no savings...

[Deleted User]

A PPI company will only find the information once you tell them who you had PPI with.

They're at the lower end of the value for money spectrum.

John_Jizzle

I have a rough idea who they were with but dates and addresses would probably be an issue

societys_child

John_Jizzle wrote: »

I have a rough idea who they were with but dates and addresses would probably be an issue

So phone the 'rough ideas' and ask them. A claims company won't know the dates and addresses either, unless you can tell them!

John_Jizzle

just spoke to a friend who was in a similar situation.

Company he used do all the searching for you and have come back with some money for him (a few thousand). They take 30% though.

[Deleted User]

John_Jizzle wrote: »

Company he used do all the searching for you and have come back with some money for him (a few thousand). They take 30% though.

They don't "search", they send speculative letters to financial institutions identified by the client. The client can easily (and far more cheaply) do this alone.

societys_child

They take 30% though.

All they do is contact your "rough ideas" and ask if you had ppi, can you not do that yourself?

. . . and it's 30% +VAT!

John_Jizzle

societys_child wrote: »

All they do is contact your "rough ideas" and ask if you had ppi, can you not do that yourself?

. . . and it's 30% +VAT!

just checked - it's 25% plus vat

I know I could do all this myself however I tried once before on one client and got rejected. The reason they came back with was they said I didnt have any savings so if I lost my job I would have needed the PPI - I argued if I had savings I wouldn't have needed the credit card but still rejected.

John_Jizzle

plus this sounds like me (from moneysavingexpert)

You wouldn’t bother doing it without. If you’re busy and know it’ll never happen otherwise, and are happy to pay a hefty 30%+ to get your cash back, then it’s a perfectly legitimate choice to decide to pay to get your mis-sold PPI money back

[Deleted User]

John_Jizzle wrote: »

I know I could do all this myself however I tried once before on one client and got rejected.

In which case, the PPI company would also be rejected.

[Deleted User]

John_Jizzle wrote: »

it’s a perfectly legitimate choice to decide to pay to get your mis-sold PPI money back

You can also choose to use £20 notes to light cigarettes..