No idea if I ever had PPI and no records

danlightbulb

Hi all.

Ive been putting off this whole PPI thing, because I dont think Ive ever had it.

But its been niggling me ever since this whole thing gained momentum - what if I did have it.

For at least the past 6 years ive been really on top of my finances, paying off debt and taking advantage of 0% credit cards. For this reason, any PPI i may have had is going to be older than this, alot older, going back as far as 1998 when I was 18 and started using credit.

I had various credit cards and loans in the past but have no idea who with, and they are no longer on my credit report.

The claims companies seem to suggest in their advertising that they have ways of finding out if you ever had PPI. Does this work from a completely blank sheet, i.e no starting list of historical credit?

Has anyone else been in this situation?

Thanks.

[Deleted User]

Sadly, the claims companies are lying little monkeys.

They cannot find out more than you and in fact need you to tell them who you had PPI with.

Anything not on your credit files is only in your own paperwork or memory.

societys_child

Ive been putting off this whole PPI thing, because I dont think Ive ever had it.

If you did, it would have been itemised, separately on your monthly statement (if there was an outstanding balance). If the balance is paid off each month, there is no PPI charge.

But its been niggling me ever since this whole thing gained momentum - what if I did have it.

Having PPI isn't wrong, you'd have to show in what way you believe it was mis-sold.

danlightbulb

societys_child wrote: »

If you did, it would have been itemised, separately on your monthly statement (if there was an outstanding balance). If the balance is paid off each month, there is no PPI charge.

Having PPI isn't wrong, you'd have to show in what way you believe it was mis-sold.

Ive historically had alot of debt that wasnt paid off monthly.

If ive had PPI it wouldnt have been something i chose to have, so if it was there it would definitely have been added without my knowledge or hidden somehow.

When I started getting credit in 1998 i did everything online. Some companies that jump to mind for credit cards are Egg, marble(?), Sears (a storecard i had at 18). Ive had personal loans with HSBC and Sainsburys. And mortgages with HSBC and someone else who I cant remember.

My reason for using a CM company would only be if they'd do the legwork in finding out who ive had credit with, either by spamming all the lenders or whatever. This would be worth 24% for me because I dont want the hassle of doing it, especially since I think its unlikely I ever had it.

[Deleted User]

danlightbulb wrote: »

If ive had PPI it wouldnt have been something i chose to have, so if it was there it would definitely have been added without my knowledge or hidden somehow.

It was never hidden and you would have seen it on all your statements.

So the logical conclusion is that you didn't have it.

danlightbulb

Deleted_User wrote: »

It was never hidden and you would have seen it on all your statements.

So the logical conclusion is that you didn't have it.

I agree. Hence why Id be appointing a CM just on a speculative basis. It would purely be to say Id ticked the box before the deadline, just in case.

[Deleted User]

danlightbulb wrote: »

My reason for using a CM company would only be if they'd do the legwork in finding out who ive had credit with, either by spamming all the lenders or whatever. This would be worth 24% for me because I dont want the hassle of doing it, especially since I think its unlikely I ever had it.

You'll have the same "hassle" of form filling as you would if you complained alone. Since your finances are not in the public domain, the firm would have to rely on you telling them who you had finance with and then you giving permission for them to make contact on your behalf.

Why not just make a few telephone calls to your old lenders? Most have PPI contact numbers on their websites.

Your choice..

danlightbulb

Moneyineptitude wrote: »

You'll have the same "hassle" of form filling as you would if you complained alone. Since your finances are not in the public domain, the firm would have to rely on you telling them who you had finance with and then you giving permission for them to make contact on your behalf.

Why not just make a few telephone calls to your old lenders? Most have PPI contact numbers on their websites.

Your choice..

I probably will now. I thought the claims companies had some means of finding out if I had PPI without me having to remember all my old creditors but it appears not. Was just trying to save myself the effort, given Im not expecting anything anyway.

Ive always been savvy enough not to tick the PPI box when ive applied for loans and cards in the past. Shame, cos it seems like it pays to be dumb these days.

My only hope is on the Sears storecard, as I worked in a high street shop when I was 18 and we all got 'coerced' into having these by the management. I spent a few hundred quid on it at most, but it possibly did have PPI attached.

Nasqueron

danlightbulb wrote: »

I probably will now. I thought the claims companies had some means of finding out if I had PPI without me having to remember all my old creditors but it appears not. Was just trying to save myself the effort, given Im not expecting anything anyway.

Ive always been savvy enough not to tick the PPI box when ive applied for loans and cards in the past. Shame, cos it seems like it pays to be dumb these days.

My only hope is on the Sears storecard, as I worked in a high street shop when I was 18 and we all got 'coerced' into having these by the management. I spent a few hundred quid on it at most, but it possibly did have PPI attached.

A claims company still makes you do all the effort, they just post it for you.


PPI refunds are just money the person paid out with a bit of interest on them, they don't really gain very much as a savvy person would have had the money in their own account not with the PPI firm