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PPI - is it worth checking my old credit cards?

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Hi all,

I finally decided to look into PPI and called up Barclays for an old loan but it had no PPI on it. I have had several credit cards in the past, but I have always transferred balances and had them on interest free deals. So if I didn't spot the balance going up and wasn't using them for normal expenditure, I would surely know if I had PPI on them wouldn't I? It would appear as a charge on the statement? And that would have stood out a mile off when I used to keep track of my balances going down as I paid them off.

I'm thinking at this point to go through a CMC company just to try my luck in case I've missed anything as I have nothing to lose and going through each one when I'm 99.5% sure they never had PPI seems a bit of a waste of time.

Any thoughts?

Comments

  • Nearlyold
    Nearlyold Posts: 2,380 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    First thought is how will the CMC know which credit cards you had unless you tell them?
  • dunstonh
    dunstonh Posts: 119,752 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    So if I didn't spot the balance going up and wasn't using them for normal expenditure, I would surely know if I had PPI on them wouldn't I?

    Correct. The balance would increase with the PPI being a transaction if you had it.
    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.
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