MSE Poll: What puts you off from reclaiming mis-sold PPI?

tubbs1

MothballsWallet wrote: »

Never took it out in the first place.
Getting sick and tired of the advertising and the cold calls from claim companies.
The regulator really screwed the pooch on this one in my book.

I was under a different name when I took out mortgage in 1999 through right to buy with broker I have no paper work broker no longer about how would I work this out

tubbs1

Can some one tell me how I would go about go about getting ppi sorted as I took a mortgage out in 99 through the right to buy scheme with a broker I think he used Barclays to set my mortgage up but I was under a different name & I don't have any paper work

MothballsWallet

tubbs1 wrote: »

I was under a different name when I took out mortgage in 1999 through right to buy with broker I have no paper work broker no longer about how would I work this out

This is why I say the regulator screwed the pooch - they expected us, the customers, to have the paperwork and do a lot of the initial work when it should have been the lenders having to take every single file they had and show the regulator and the courts that the PPI had been sold correctly - if they could not, then the refund + interest would be paid.

RL11

If you don't have the details necessary to make a claim, don't make a claim! You obviously didn't know what you were doing or miss the payments when you made them, so forget it. All of these compensation claims simply result in premium increases for everyone. I cannot wait for 2019 to come round so this ridiculous PPI story finally goes away. The trouble is that there will be a new "scam" that the legal firms will jump on to get your money instead. I believe the latest idea is to claim compensation for feeling poorly while on holiday! What a racket!!

mac65

I paid off my endowment mortgage before 2000; the endowment element giving insurance cover. I do not remember ever paying ppi, and believe that I would have been astute enough being well covered by my employer at the time. My mortgage provider was Halifax.

McKneff

Mppi on mortgages for the most part were not miss sold .
They sold them to you so that you could pay the mortgage if the worst happened . So the insurance was needed.
And also for your benefit so that you werent chicked out on the streets.

bb3264

Had PPI claim accepted but now cos I'm divorced and ex obviously lives elsewhere ?? Bank asked for his passport which they've seen and copied but now we need to provise his address as well? Won't this make the claim invalid and if so why? They've admitted liability? Help please someone it's for £2300

Wizard_of_Id

I don't know if I had PPI on the 2 loans that might have been mis-sold on.
I know I had a stand alone policy that I took out first and then refused the insurance that both my mortgage provider and later the car loan provider offered.