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  • #1

    reclaiming ppi on old loans

    Hi Di ;Hi

    I have an old cc from Barclays that was paid off in 2006. I've just been looking through paperwork & realised I'd been paying out for ppi! that I never realised ;D

    Can you claim miss-sell on something that's already been paid off?
    Thanks
    I wish I was a glow worm, a glow worm's never glum.
    Cos how can you be grumpy when the sun shines from your bum
    Tags: account, barclays, broker, card, cca, cca request, charges, claim, complaints, con, consumer, financial, fos, interest, letter, letters, loan, loans, mbna, mis sold, niddy, notes, ombudsman, order, paid, policy, ppi, reclaim, reclaiming, refund, technical
  • #2
    Re: reclaiming ppi on old loans

    Originally posted by findingaway
    Hi Di ;Hi

    I have an old cc from Barclays that was paid off in 2006. I've just been looking through paperwork & realised I'd been paying out for ppi! that I never realised ;D

    Can you claim miss-sell on something that's already been paid off?
    Thanks
    Yes, and the best part is they send a cheque to you!!
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    • #3
      Re: reclaiming ppi on old loans

      How do you go about checking to see if you have paid PPI on old stuff?
      Started with a debt of £18,323.68 in May 2005. Everything now paid off but trying to sort out credit file now which is shot to bits. Now begins the journey.

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      • #4
        Re: reclaiming ppi on old loans

        Thanks niddy. It wasn't a cc (sorry put cc) it was a loan for 5k that we took out around 2002. There were no arrears on this & we just paid it in the term. Just found original agreement & it had ppi on it that I didn't realise. Can I still claim?

        I have claimed miss-sell & charges on my mbna card that we paid off in 2006, still waiting but had letters that said we'd get responses by 17/10 & 20/10, so not long now.

        LTID I found the original agreement & it shows on there, so I'd say if you haven't got a copy, to send a CCA request in it should be on there (if they've got it!) Good luck
        I wish I was a glow worm, a glow worm's never glum.
        Cos how can you be grumpy when the sun shines from your bum

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        • #5
          Re: reclaiming ppi on old loans

          Hello there

          Just signed back in now.

          Right, if mis sold the ppi for any reason, yes you can make a reclaim, it makes no difference if the account is settled or still active, also as Neverindoubt also said, if settled, you get to keep all the ppi refund plus interest.

          I take it you no longer have the loan agreement?

          You could write a simple letter, enclose £1 cheque or postal order, (acc number) ask they supply a copy of the loan agreement by 12-14 days.

          This will show any ppi added to the loan.

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          • #6
            Re: reclaiming ppi on old loans

            Thanks Di ;Hi
            I wish I was a glow worm, a glow worm's never glum.
            Cos how can you be grumpy when the sun shines from your bum

            Comment

            • #7
              Re: reclaiming ppi on old loans

              Also to add, to make a reclaim the Financial ombudsman service (FOS) have issued reclaiming questionnaires, so you complete this and send to whoever set up and sold you the policy from the start.

              They have 8 weeks to give a decision, although they may ask for more time.

              However, if your complaint is totally ignored and you hear nothing either once 8 weeks have passed, you can continue to make a complaint to the FOS.

              I would also keep copies of all you send to the loan company/broker and everything you receive, as you may require these for evidence to enclose to the FOS on complaining to them.

              http://www.financial-ombudsman.org.uk/c ... laints.htm

              http://www.financial-ombudsman.org.uk/p ... nnaire.doc

              I would also suggest posting by recorded delivery, for your proof of posting.

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              • #8
                Re: reclaiming ppi on old loans

                Your very welcome. ;Hi1 2

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