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In my earlier years I have had several loans, card and store credit agreements where I had taken out the PPI as I thought that it was required to get accepted, now I know that this is not the case.
I would like to know how far back I can go with my claims and also what happens when providers change (Barclaycard took on the Goldfish Credit card business who in turn had taken it on from Morgan Stanley I believe), would the current provider hold the records of the previous companies and would they be liable for all PPI claims?
How far back can I claim, the Lloyds Loans were 15 years ago, would I get this information and would they pay?
Should I just go for the two current credit card providers I have been with for about 10years (can I get corrspondnace that far back with my request?) or serve data protection requests on all of the providers?
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Well DX I looked at the news the other day and thought that basically when I filled in the applications there were no real explanations of the exclusions in the PPI (and I have a medical condition that pre-existed both cards and at least one of the loans), so I guess that's when the 6 years start.
Anyway I have the address for the Barclaycard DPA letter but try as I might I can't find the page where the address for the Capital One letter is (was on a page with a list of address for cards and banks), can you help?
Also which SAR letter should I use, I found two will either do?
Got a big stack of paperwork back today from Barclaycard and included was the original application form from 2002 which was Morgan Stanley, this is where it get interesting, yes I did tick the box is 2002 to request PPI, but there are no T's and C's on the form for the ppi so nothing is explained, so I guess this means it was missold?
Also at around the year 2006 Barclaycard took on the business from MS and automatically applied an AXA ppi policy to my account, again without consultation, so as I had had time off due to stress I guess this was missold as well.
I guess whatI need to know now is:
1. as the MS application never explained the T&C's is it mis-selling?
2. as Barclaycard never consulted and just changed the policy is that mis-selling?
3. are Barclaycard liable for both PPi claims or just the AXA part?
Still waiting for the Capital One stuff to appear but they have always been the provider and have already been prosecuted for mis-selling so that should be a bit more open and shut.
Assuming you do not have statements going back to 2002, calculate the premiums for as far back as you do have statements for and apply an average monthly payment for the remaining months.
Eg. If over say 60 months you had paid £600 in PPI charges that would average as £10 per month.
So 48 months x £10 = £480
Remember to do the simple interest calculations from the date of each repayment until now.
So reclaiming my PPI, how far back can I go?
as I thought that it was required to get accepted, now I know that this is not the case.
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