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PPI Claim for Ex Bankrupt
Comments
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MaryTaylor1971 wrote: »Ok, thanks for the replies. Do I need to tell the bank or do I contact the OR? I made a claim, then found out about the bankruptcy thing so I didn't bother following through when they sent me forms to fill in but they have contacted me to say they owe me 2900£
It's always possible that the debt would be paid off and you get any extra so it's worth talking to the OR though if it was more than 6 months ago they may have closed the case.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.
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Ok, I was declared bankrupt in 2007. The bank regarding my PPI claim says they checked the register and I wasn't on it, so they paid me the money, cheque arrived today.0
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MaryTaylor1971 wrote: »Ok, I was declared bankrupt in 2007. The bank regarding my PPI claim says they checked the register and I wasn't on it, so they paid me the money, cheque arrived today.
If the PPI relates to premiums paid prior to 2007 then you need to report this to the OR. They will let you know if you can keep it or not.
The banks do check the register and inform the OR. Some will pay it directly to the OR. Others just notify. You are legally required to let the OR know. You can be prosecuted for keeping it.
Some people are being chased by the OR many years after they received the PPI redress.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
The ppi is for loans all paid off before 2007. I am trying to contact the OR but they have changed offices and the new number for my area just leaves me in a queue for ages.0
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Telephone queue or prison, hmm...
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.
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Hour and a half in a queue and finally got it sorted, got to send them the cheque, they will contact creditors and if none come for the money it will be returned to me.
And no, Nasqueron, I wasn't contemplating keeping it, merely stating they aren't the easiest people to get hold of.0
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