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Reclaim ppi

Does the debt have to be clear with credit cards and catalogues to be able to claim ppi

Comments

  • Nasqueron
    Nasqueron Posts: 11,080 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    You can complain about PPI if you had it. If you are managing any existing debt then it won't matter. If you have had debt problems (such as written off money) then any PPI refund can be offset against the old debt

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • Does the debt have to be clear with credit cards and catalogues to be able to claim ppi
    No, but if you are in arrears or have defaulted any PPI refund would first go towards the unpaid debt.
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