Ppi

edited 30 November -1 at 1:00AM in Reclaim Bank & Credit Card Charges
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James_mcfegJames_mcfeg Forumite
5 Posts
edited 30 November -1 at 1:00AM in Reclaim Bank & Credit Card Charges
I owe £10,000 on old credit cards. Why had ppi. Will I still have a claim ?

Replies

  • pogofishpogofish Forumite
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    Why not ask in the dedicated/specialist PPI forum here? - That's where you are likely to get the best spread of advice and experience.

    Stoozing is a totally different thing.
  • I owe 10,000 on old cards. I'am self employed and there is ppi. Do I still have a claim even though I owe money ?
  • zx81zx81 Forumite
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    Do you mean claim or complaint?
  • Can I claim back money on unpaid credit cards that did have ppi
  • zx81zx81 Forumite
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    A complaint then.

    You need to submit your complaint reasons for mis sale. However if by unpaid, you mean defaulted, they will pay any redress against the unpaid amounts if you are successful
  • societys_childsocietys_child Forumite
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    Can I claim back money on unpaid credit cards that did have ppi
    If the credit cards were unpaid, you can't have paid the PPI? ;)
  • My old unpaid credit cards going back 7 years have a total of £10,000. Could I still have some claim as there was ppi. Nothing shows on my credit score and if I could make a claim what might I get back ?
  • dunstonhdunstonh Forumite
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    My old unpaid credit cards going back 7 years have a total of £10,000. Could I still have some claim as there was ppi.

    You can make a complaint, yes.
    and if I could make a claim what might I get back ?

    If your complaint is sucessful, then you get back the premiums you paid plus interest. If the debts are in arrears or defaulted or include amounts written off as part of an agreed settlement, then it goes against the debt. You dont personally get the money (unless there is an excess over the amounts outstanding).
    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.
  • What is meant by by being paid back any redress against an unpaid amount of £10,000 ?
  • dunstonhdunstonh Forumite
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    You dont get a refund of something you havent paid. So, if that £10,000 debt is out of contract (ie. in arrears, defaulted or previously written off) then you dont get the redress personally.
    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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