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McGinnis associates
elliesmemory1
Posts: 1,279 Forumite
Ive had a letter telling me I can claim ppi.
I was sure that you cant do this after bancruptcy.
Is this a scam?
I was sure that you cant do this after bancruptcy.
Is this a scam?
0
Comments
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Hi,
If a PPI policy was mis-sold before you were made bankrupt, any claim connected to it is counted as an asset, so is owned by the trustee, not by you, as part of the bankruptcy estate.
The letter you have received is most likely a generic junk mail offering sent out to thousands of homes.
Pop it in the recycle bin and carry on.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
The letter states. After being discharged from bankruptcy you are y entitled to claim compensation for mis sold financial products such as ppi.0
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sourcrates wrote: »Hi,
If a PPI policy was mis-sold before you were made bankrupt, any claim connected to it is counted as an asset, so is owned by the trustee, not by you, as part of the bankruptcy estate.
The letter you have received is most likely a generic junk mail offering sent out to thousands of homes.
Pop it in the recycle bin and carry on.
Yes i realized that which s why ive never claimed. However its hardly generic to have that detail in it0 -
elliesmemory1 wrote: »Yes i realized that which s why ive never claimed. However its hardly generic to have that detail in it
You may be eligible to reclaim the PPI, and the claims management company would possibly get there 35%, but you would get nothing, as it would go to your creditors.
These people letterbomb certain demographics all the time, this week it appears to be ex bankrupts.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Hi there
As sourcrates correctly points out, you can make a PPI claim after bankruptcy but any money refunded would be taken by the OR who dealt with your bankruptcy. In some cases people end up owing money to the claims management company because the OR takes all of the refund and you will end up still being liable for the claims management company's fees. There will be no benefit in you making a claim so it's best avoided.
Best wishes
Susie
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0 -
Yes, Thanks. Thats what I thought. Cheeky of them to write telling you to claim.0
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elliesmemory1 wrote: »Yes, Thanks. Thats what I thought. Cheeky of them to write telling you to claim.
Very much so, they are always looking for new ways to make a fast buck.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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