PPI - Is it worth checking and how - CMC or not?

supersezzie

Hi guys,

I have been wondering if I should look into if I've ever had PPI and how to go about it. I have had loads of credit cards over the years (always doing balance transfers!) and one store card, one career development loan, two overdrafts and a mortgage. As far as I know, I've said no to insurance every single time, so it is only recently on hearing other people's stories who were sure that they didn't have PPI that I've started to wonder if it's worth a quick check.

The thing is, I like to follow Martin's advice and am more than capable, and it seems to be to do it yourself rather than going through a company. The problem is, I've been really into Konmari-ing (it's a unique approach to decluttering!) my life and now have no old paperwork at all and just keep what's relevant for my active accounts, nothing that's closed or paid off. And over the years I've always been a keen money juggler and banked with everyone under the sun!

So I'm quite capable of doing it myself but I'm also busy, it seems like it's going to be a nightmare and I don't expect that I'll even find anything. My ideal solution would be a company to do the searches and tell me if there's any PPI and then I'd do the legwork! What would you do and is there a CMC company you can recommend if that's the best route?

Cheers! Sarah

Nasqueron

A CMC will not be able to do anything more than you can do yourself.

Simply ring the firms you had finance with and ask them, the last 6 years will be on your credit record if you need reminding.

All a CMC does is fill in the form with the information you give them, you can fill in the form yourself and keep any refund in full rather than giving 30% or more to someone for posting a letter

dunstonh

My ideal solution would be a company to do the searches and tell me if there's any PPI and then I'd do the legwork!

They dont do that. Your historic debts are not in the public domain and your credit record will only go back 6 years (but not tell you if you had PPI or not). The CMC needs to know who you borrowed money with.

What would you do and is there a CMC company you can recommend if that's the best route?

It is never the best route. It wont save you time. It can end up costing a lot of money for what is just the cost of a stamp and a speculative complaint template.