PPI and the FOS

[MEGLOS]

Will the FOS look at PPI claims that are more than 6 years old? ie final PPI premium was made more than 6 years ago.

[Turboman]

Re: PPI and the FOS

Will the FOS look at PPI claims that are more than 6 years old? ie final PPI premium was made more than 6 years ago.

hang on---pm'd di30 for you

[cappo]

Re: PPI and the FOS

Will the FOS look at PPI claims that are more than 6 years old? ie final PPI premium was made more than 6 years ago.

they shouid do it,s my understanding that as long as the lender was regulated by one of the recognized regulators it,s ok, i have a capital one account thats 7 years old regulated by gisc and they are doing that and an account thats still live shouid be ok (i think)

[MEGLOS]

Re: PPI and the FOS

the account's still live alright but the last PPI premium paid was in 2003.

i ask because the FOS refused to look into historic charges on my credit card, citing some 6 year cut-off rule they follow as the reason. do wonder if same applies to PPI claims?

[cappo]

Re: PPI and the FOS

the account's still live alright but the last PPI premium paid was in 2003.

i ask because the FOS refused to look into historic charges on my credit card, citing some 6 year cut-off rule they follow as the reason. do wonder if same applies to PPI claims?

there doing mine meglos i,ve also got an old morgan stanley card(barclaycard) going back to 2003 but as barclays/morgan stanley were regulated then i wouid expect if i have to fos that i shouid be able to.

[MEGLOS]

Re: PPI and the FOS

I hope so. The creditor in question has refused to supply me with statements pre-2003 so I'm very much in the dark about how much PPI was mis-sold. The statements I DO have state that PPI was sold (monthly premium). The bank have written saying no PPI was sold at all. So either they are wrong or their historic statements are. It was one of those cards taken out with one bank but subsequently bought and repackaged by another.

[Caspar]

Re: PPI and the FOS

Hi Meglos,

This site is highly regarded and should answer your question. Unfortunately it does state after 6 years you must have all the paperwork, but I've only scanned it quickly:

How many years can you go back to claim PPI? | Missold PPI helpline

[di30]

Re: PPI and the FOS

Hi there

Yes the FOS will take your complaint on if its older than the last 6 years, if the business is and was regulated via FSA prior to these "GISC" at the time you taken out the policy you should be fine, they did resolve one of mine and hubby's credit card ppi cases that were taken out in 2001.

I know some businesses may argue that you should have dealt with this earlier, but if you only became aware of the mis selling recently there's no reason why you cannot make a reclaim.

[cappo]

Re: PPI and the FOS

I hope so. The creditor in question has refused to supply me with statements pre-2003 so I'm very much in the dark about how much PPI was mis-sold. The statements I DO have state that PPI was sold (monthly premium). The bank have written saying no PPI was sold at all. So either they are wrong or their historic statements are. It was one of those cards taken out with one bank but subsequently bought and repackaged by another.

the creditor might not give you the details meglos but you,ll find that they will "magic" them up for the fos

[debtisbad]

Re: PPI and the FOS

Will the FOS look at PPI claims that are more than 6 years old? ie final PPI premium was made more than 6 years ago.

In a word, "yes". I am living proof. I complained to the FOS about a credit card from Scabbey Abbey dating back to pre-2000, after Scabbey Abbey (now MBNA cards) lost all the original paperwork, then wrote to me saying that it was too old and that the FOS would not be interested in the complaint. By the way, I stopped paying the card in 2005, and the account went into default.

The FOS upheld my complaint, although it took around 8 months, and forced the Scabbey Abbey to pay back all of the PPI, interest plus compensation.

This completed early in 2010, so as far as I can see nothing should have changed recently, unless the FOS are less generous towards claimants today than they were a year or so ago.

[pompeyfaith]

Re: PPI and the FOS

My claim with the FOS also went back to March 1999 and paid up and all settled Feb 11

[The Debt Star]

Re: PPI and the FOS

Good posts here guys.

[MEGLOS]

Re: PPI and the FOS

Hi Meglos,

This site is highly regarded and should answer your question. Unfortunately it does state after 6 years you must have all the paperwork, but I've only scanned it quickly:

How many years can you go back to claim PPI? | Missold PPI helpline

The link suggests that I may have problems brining a claim with the FOS because the only proof I have is about 6 months' worth of copy statements from my SAR. The bank wouldn't supply anything pre-dating 2003.

The link says quite clearly (quote)

What happens if the PPI policy ended more than 6 years ago and you have no paperwork?

Please note that if the PPI policy ended more than 6 years ago AND you have no paperwork then it will be very difficult to claim PPI back. This is because the lenders or PPI insurance providers only have to keep back PPI paperwork for 6 years.

New Rules to get old PPI complaints re-opened.
New rules could see thousands of old complaints about PPI reopened. The Financial Services Authority (FSA) has given more time for around people to complain about being mis-sold payment protection insurance (PPI).

The question I have is: does this mean that I can complain to the FSA if the FOS don't look at it? Is the FSA the next tier up from the FOS?
------------------------------- merged -------------------------------

My claim with the FOS also went back to March 1999 and paid up and all settled Feb 11

Did you have all the paperwork then?

[cappo]

Re: PPI and the FOS

The link suggests that I may have problems brining a claim with the FOS because the only proof I have is about 6 months' worth of copy statements from my SAR. The bank wouldn't supply anything pre-dating 2003.

The link says quite clearly (quote)

What happens if the PPI policy ended more than 6 years ago and you have no paperwork?

Please note that if the PPI policy ended more than 6 years ago AND you have no paperwork then it will be very difficult to claim PPI back. This is because the lenders or PPI insurance providers only have to keep back PPI paperwork for 6 years.

New Rules to get old PPI complaints re-opened.
New rules could see thousands of old complaints about PPI reopened. The Financial Services Authority (FSA) has given more time for around people to complain about being mis-sold payment protection insurance (PPI).

The question I have is: does this mean that I can complain to the FSA if the FOS don't look at it? Is the FSA the next tier up from the FOS?
------------------------------- merged -------------------------------


Did you have all the paperwork then?

was your lender regulated and by whom if via fsa,gisc,abi etc you,ll be covered

[MEGLOS]

Re: PPI and the FOS

It was HFC Beneficial (since 2009 Marbles) so yes they will be FSA covered.

Did you have all your paperwork going back more than 6?