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PPI ?

madmike

madmike

I feel much better now, I really do...
I am not aware that I ever took out any PPI but I understand the nature of them is that you were never told that you had it anyway.

So......is it possible to check if I had PPI WITHOUT having to pay a portion of the claim to a middle man ???
 
madmike said:
I am not aware that I ever took out any PPI but I understand the nature of them is that you were never told that you had it anyway.

So......is it possible to check if I had PPI WITHOUT having to pay a portion of the claim to a middle man ???
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Yes. What the middle man will do is ask you for a list of banks, loans and credit cards you've had dealings with. Then they'll send each organisation a request, on your behalf, for the information it holds about you. That's how they identify whether or not you had any PPI. You can do this yourself. The request to the organisation is called a 'subject access request', it is made via your rights under the Data Protection Act. Each request costs a tenner, and they have to give you what they hold within 40 calendar days (just under 6 weeks). Then you sift through it and see if you've been making any PPI payments, or signed any deals which included PPI in the small print.
 
So It could be quite expensive finding out you didn’t have PPI in the first place.
 
I guess there may be some specialist knowledge as to who took over any assets or liabilities of such companies, but I have no experience of that so can't really comment.
 
ppi .........aaagh the very mention of those abbreviations .....brings back those thousands of unwanted calls and adverts
 
Sue Pertwee-Tyr said:
Yes. What the middle man will do is ask you for a list of banks, loans and credit cards you've had dealings with. Then they'll send each organisation a request, on your behalf, for the information it holds about you. That's how they identify whether or not you had any PPI. You can do this yourself. The request to the organisation is called a 'subject access request', it is made via your rights under the Data Protection Act. Each request costs a tenner, and they have to give you what they hold within 40 calendar days (just under 6 weeks). Then you sift through it and see if you've been making any PPI payments, or signed any deals which included PPI in the small print.
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After 10 years of lurking, I only registered to correct this.

A DPA request is the 2nd step of the process.

The first step is simply to download and complete the PPI Complaints form for each of the Financial Institutions you're querying. The forms take 10-15 mins each, and it costs the price of a stamp to post. If you don't know you account numbers with those institutions, you can say so on the forms. Your D-O-B, address and previous addresses will be used to uniquely identify you.

The DPA request is only required, if they respond and state that they cannot find you in their records, and you believe to the contrary.

I've just completed the first step with by Bank, and the Building Society with whom I had my mortgage.

My Bank has refunded £300 in PPI it applied to my current account at some point in the past; my previous Building Society has acknowledged my claim, acknowledged that PPI was in existence, and communicated that my claim will be resolved in eight weeks.

This has cost approx. 30 mins of my time, and two first class stamps.

The easiest way to find the PPI complaints form for any organisation is Google; just ignore the third-parties that appear at the top of the search results, and choose the result that has the URL of the organisation you're querying.
 
JensenHealey said:
What about organisations who apparently no longer exist?
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The only organisation that did not know about PPI status was Bradford and Bingley. I found a web site that allowed to check the status. Filled in the details and they came back a couple of weeks after to say that we had not had PPI with Bradford and Bingley. This was a government service as Bradford and Bingley no longer exist. I think the same would apply to Northern Rock.

If your organisation has merged or been taken over I think that you should approach the successor organisation.

If all else fails, Google "PPI with ...."
 
My wife and I couldn't remember if we had ever had PPI but doubted we had. It was easier just to use a claims company. It turned out we couldn't claim and therefore it cost us nothing.
 
Rodrat said:
My wife and I couldn't remember if we had ever had PPI but doubted we had. It was easier just to use a claims company. It turned out we couldn't claim and therefore it cost us nothing.
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Same here - once they started rattling through the list of credit cards it got to quite a long list of enquiries. Would have taken me ages (had I remembered them all without prodding!). We don't think we had any PPI, but if it turns out we did, I've no issue giving 25% to someone to do all the leg work.
 
robs said:
Same here - once they started rattling through the list of credit cards it got to quite a long list of enquiries. Would have taken me ages (had I remembered them all without prodding!). We don't think we had any PPI, but if it turns out we did, I've no issue giving 25% to someone to do all the leg work.
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That was my exact stance too. I was convinced I had never paid extra for any insurance so was happy to let one of the PPI claim companies do all the legwork on my behalf, some two years later and literally almost a hundred letters to and fro between them and me, and them and all the finacial organisations I have had dealings with over the years, they seem to have finally given up and accepted that I really did not ever pay extra for insurance (I did explain this too them before they started)
 
andy831 said:
That was my exact stance too. I was convinced I had never paid extra for any insurance so was happy to let one of the PPI claim companies do all the legwork on my behalf, some two years later and literally almost a hundred letters to and fro between them and me, and them and all the finacial organisations I have had dealings with over the years, they seem to have finally given up and accepted that I really did not ever pay extra for insurance (I did explain this too them before they started)
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I thought the same when approached by one of the PPI companies. Nevertheless I filled out their forms for the six or seven credit lenders I could remember and they managed to extract over £3K from M&S within a couple of months; I had one of their store cards back in the 80's. A nice bonus, even if the PPI chaser did take their pound of flesh.
 
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