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Finally Debt Free After 34 Years, But Still Need to Live Frugally
Comments
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HairyHandofDartmoor wrote: »I know I must do it. When is the deadline? I would hate to leave it too late
. I'm going to make a firm commitment to myself to do it on Monday. I feel as though we may have had it for something, because I remember thinking at the time that I wondered if we were really eligible for it because of being self employed.
What if we don't have the paperwork though? I may have chucked it away in a decluttering frenzy.
We have had about seven credit cards between us in the past and our old mortgage was with the H@lifax, so it's possible that we may have paid PPI on our old mortgage.
How do I actually claim the PPI? Is there a standard letter that I can just send to all our old creditors?
In a rush now, sorry, and no time to check closing date. I think it's early Autumn. Will check on that and the other things you asked. Being self-employed might be the ideal reason why it was miss sold to you.
Don't worry about having the paperwork. I only had some for one of my 4 claims and then it was only a solitary monthly account statement.0 -
HairyHandofDartmoor wrote: »I know I must do it. When is the deadline? I would hate to leave it too late
. I'm going to make a firm commitment to myself to do it on Monday. I feel as though we may have had it for something, because I remember thinking at the time that I wondered if we were really eligible for it because of being self employed.
What if we don't have the paperwork though? I may have chucked it away in a decluttering frenzy.
We have had about seven credit cards between us in the past and our old mortgage was with the H@lifax, so it's possible that we may have paid PPI on our old mortgage.
How do I actually claim the PPI? Is there a standard letter that I can just send to all our old creditors?
Checking out and claiming PPI needs to be my next big priority I think.
I meant to do it straight after paying off our debts, but life got in the way and now over a year has gone by. I would hate to miss the deadline through procrastination as any money gained would make a huge difference to our lives.
So that is my biggest goal right now, claim PPI. By Monday I should have got over this horrible cold, so that will be the perfect time to look into it. I need to go throuhg all our filing cabinets and the shredding piles to find any old statements and account numbers that could be relevant.
Is there a standard letter on MSE that I can send to all of our old creditors and our old mortgage provider?Finally Debt Free After 34 Years, But Still Need to Live Frugally
Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
EMERGENCY FUND 1 = £50/£5,000. EMERGENCY FUND 2 = £10/£5,000.
CHRISTMAS SAVINGS = £0/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £300.
HOLIDAY MONEY = £0 TIME LEFT TO PAY OFF MORTGAGE = 5 YEARS 1 MONTHS0 -
carbootcrazy wrote: »In a rush now, sorry, and no time to check closing date. I think it's early Autumn. Will check on that and the other things you asked. Being self-employed might be the ideal reason why it was miss sold to you.
Don't worry about having the paperwork. I only had some for one of my 4 claims and then it was only a solitary monthly account statement.
Thank you Carboot I will definitely get onto it as a top priority.Finally Debt Free After 34 Years, But Still Need to Live Frugally
Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
EMERGENCY FUND 1 = £50/£5,000. EMERGENCY FUND 2 = £10/£5,000.
CHRISTMAS SAVINGS = £0/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £300.
HOLIDAY MONEY = £0 TIME LEFT TO PAY OFF MORTGAGE = 5 YEARS 1 MONTHS0 -
Reading Material HH: Martin's PPI reclaiming guide
It's very straightforward - I've done it twice - full PPI on a loan some years ago done via the template letter, and a Plevin reclaim on an old CC last year which I did through the Resolver tool.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
Balance as at 31/08/25 = £ 95,450.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
Sorry, HH, I really do have to go but I've found this which you can read. Lots of really useful info.
https://www.moneysavingexpert.com/reclaim/ppi-loan-insurance/
Ooops! EssexHebridean's post and mine crossed in cyberspace. Both links probably take you to the same place.0 -
EssexHebridean wrote: »Reading Material HH: Martin's PPI reclaiming guide
It's very straightforward - I've done it twice - full PPI on a loan some years ago done via the template letter, and a Plevin reclaim on an old CC last year which I did through the Resolver tool.carbootcrazy wrote: »Sorry, HH, I really do have to go but I've found this which you can read. Lots of really useful info.
https://www.moneysavingexpert.com/reclaim/ppi-loan-insurance/
Ooops! EssexHebridean's post and mine crossed in cyberspace. Both links probably take you to the same place.
Thank you both for those links. I don't know why but I feel a bit intimidated by the process, which is silly I know
so I need to get over that and get on with claiming.
Finally Debt Free After 34 Years, But Still Need to Live Frugally
Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
EMERGENCY FUND 1 = £50/£5,000. EMERGENCY FUND 2 = £10/£5,000.
CHRISTMAS SAVINGS = £0/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £300.
HOLIDAY MONEY = £0 TIME LEFT TO PAY OFF MORTGAGE = 5 YEARS 1 MONTHS0 -
Honestly Hairy, do it. You’ve nothing to lose. I claimed on a credit card PPI and also mortgage protection PPI. Both were successful and a major factor in us getting debt free XxDebts @ LBM £23,729.31. Debts @ 08/04/2016 £0 :j
Best win so far - holiday to Florida0 -
please-let-me-be-lucky wrote: »Honestly Hairy, do it. You’ve nothing to lose. I claimed on a credit card PPI and also mortgage protection PPI. Both were successful and a major factor in us getting debt free Xx
This is a good reminder for me to start a PPI claim on my late OH's CC. Hopefully theres some advice on claiming on someone's estate0 -
please-let-me-be-lucky wrote: »Honestly Hairy, do it. You’ve nothing to lose. I claimed on a credit card PPI and also mortgage protection PPI. Both were successful and a major factor in us getting debt free Xx
Thank you Lucky. Yes I must do it.
This is a good reminder for me to start a PPI claim on my late OH's CC. Hopefully theres some advice on claiming on someone's estate
We must both go for it.
Finally Debt Free After 34 Years, But Still Need to Live Frugally
Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
EMERGENCY FUND 1 = £50/£5,000. EMERGENCY FUND 2 = £10/£5,000.
CHRISTMAS SAVINGS = £0/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £300.
HOLIDAY MONEY = £0 TIME LEFT TO PAY OFF MORTGAGE = 5 YEARS 1 MONTHS0 -
I'm glad someone else asked what the void is
I had no idea! and was dying to ask :rotfl:
Hope you're feeling better HH
x“Once you hit rock bottom, that's where you perfectly stand; That's your chance of restarting, but restarting the way.”0
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