PPI Claim upto 30 years

Hitower68

Any advise on the following

I was contacted last week by a company called Citizen Financial Advisory Services ( CF Advisory), offering a no win no fee service to recover PPI claims upto 30 years ago.

Amongst other PPI claims, they stated they had found car loans dating back to 1988 & 89, that I could claim PPI on (£6K in total plus interest)
Queries are:
1. How good are CF Advisory?
2. Is it true claims can be made up to 30 years back?

Also they stated "no win no fee" yet in their small print wanted me to make an up front "one off payment" of £495. Is this a con?

[Deleted User]

Of course it is.

They are selling you a £495 stamp. And probably won't do anything for it.

If you feel you have a complaint about PPI, then buy your own stamp for significantly less and send it off yourself.

jellie

Yes it is. If you believe you've been mis-sold PPI, put a complaint in yourself. It's an easy and free process.

Hitower68

Thank you both for the response, problem is, I can't remember who I had the car loans with back in the 80's

Hitower68

Having thought about it, one of the cars was a Mitsubishi and the finance was with the dealer ( I don't think they are there anymore) What claim form would I use and who would I send it to?

National_Debtline

Hi Hitower68


Unfortunately the reality is it would be almost impossible for you to reclaim PPI where you have no paperwork, no record of the debt on your credit file and the car dealership no longer exists.


The claims management company is most likely fishing, in the hope that someone they send the letter to had car finance in the 80s. If anyone pays their fee, they'll have made money even if they can't recover the PPI.


It's never a good idea to pay a claims management company for something you can do yourself for free, but I'm afraid in this case you're going to struggle to do that due to the lack of information.


Susie
@natdebtline

BoGoF

So was the first contact from them saying they had found these loans?

BoGoF

If you had PPI through a dealer and it was pre 2005 then you have no chance anyway.

PeacefulWaters

Google statute of limitations while you're at it.

sourcrates

Never use one of these scam companies.

For a successful claim to be made, either you, or the company concerned, must still have copies of the paperwork for the mis-sold product, or at the very least account numbers, if you have neither, then you wont win back anything.

All you need to know here :

https://www.fca.org.uk/ppi/

-taff

Forget the car dealership, they weren't regulated.

CF Advisory want to charge you hundreds of punds which you won't get back because it's basically a form of advance fee fraud.

Save your money. There are no good claims companies. Come to the PPI board if you want more detailed info.