PPI - Could I have been paying it without my knowledge

[dazzammm]

hi,

 

Ive been approached by a PPI reclaim company and im wondering if what they are telling me it legit.

 

Ive been self employed / company director for 15 years and ive always known that PPI didnt apply to me so have never willingly agreed to it. (i use to keep telling the credit card companies this but didnt seem to make a difference- i bet they wish they listened to me now )

 

anyway, they say i could have been paying PPI without agreeing to it AND without it appearing on my credit card statement and would have been incorparated in my interest payments - is this true ?

 

whats peoples general advice on these companies ?

[ims21]

Hi there

 

Personally I'd forget about these companies and investigate it yourself. Especially since they will take 25% or more for any successful claim.

 

You can get all the details you need to start a claim from the agreements and the statements.

 

To be sure, you may have to send a subject access request to the card company to reveal ALL the information they hold on you with their dealings with them.

 

Also have a read around the ppi threads on this site.....there is a great deal of information there.

 

ims

[citizenB]

Hmm, I imagine there must be some record that payments were made in respect of PPI. Either on a statement or hidden away as an upfront entry on an agreement.

 

I see no reason why you should use a company to reclaim any monies that are legitimately due you, when you can do it yourself with the help of CAG.

 

I would suggest you send Subject Access Requests to all banks/financial companies with whom you have had loans and see what comes back

[ims21]

Wow

 

2 identical replies at exactly the same time!

 

ims

[dazzammm]

thanks for the quick response. i suspected they were offering a "money for old rope" service. seems similar to those debt management people. As we are talking only credit cards with a monthly statement I suspect all charging is transparent.

the only time i was charged ppi was for 1 month which i cancelled when i realised how much it cost. probably not worth persuing for £100.

[ims21]

thanks for the quick response. i suspected they were offering a "money for old rope" service. seems similar to those debt management people. As we are talking only credit cards with a monthly statement I suspect all charging is transparent.

the only time i was charged ppi was for 1 month which i cancelled when i realised how much it cost. probably not worth persuing for £100.

 

 

Hi there

 

Might be worth a letter though. As it is a small amount they might cough up straight away....you never know!

 

ims