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I wonder whether anyone could assist me, I have only just discovered that I have PPI on a number of credit cards and a mortgage. I honestly didn't believe I had PPI and as such had never looked into claiming any charges beforehand as I believed it would be futile. However my partner pestered me to at least look into it if for no other reason than to keep him quiet!
So I looked up the best way to ascertain whether I had PPI and after obtaining details of all my credit agreements from Equifax I contacted the companies direct and enquired whether PPI was in place. Upon contacting RBS who I bank with I was informed I had PPI on 2 loans, an overdraft and a mortgage. Further enquiries revealed I have it on a number of other credit cards. (All pre 2007) I was completely shell shocked as I didn't think I would have taken out the policies.
The reason for this is that I don't believe I would have needed the cover. I have been in full time employment with my present employers for over 20 years, my employment is very secure and as such I would have never been tempted by the redundancy aspect of the PPI. Insofar as sickness/accident cover is concerned my employers have always been very generous in respect of this and have always paid sickness in full over the years. They have in fact paid sickness out to two of my colleagues, both of whom unfortunately died as a result of their illness and as far as I am aware full pay was paid out up until their death. As such I would never have been persuaded by the sickness/accident element. As I do not recall taking out PPI (indeed I was convinced I did not have this) I am unable to provide any information in respect of the selling process. All I can say is given the above facts I know I would not have been interested in taking the cover. The only reason I can conclude I would have therefore taken the cover is if I believed it was compulsory in obtaining the credit. Also would I need to prove I had this cover in place with work? If so, what proof would be acceptable? My contract of employment has changed over the years and with the recession my employers are no longer generous with regards to sickness etc. I am sure they would be willing to confirm this in writing if required. The changes in my contract of employment and sickness payout etc is post taking any of the credit agreements out.
It should also be noted that I have long standing pre existing medical conditions - asthma and depression. I don't know whether the policy would have paid out as again I didn't know I had it so am unaware of the t&c's but would this be of any relevance to claiming I was mis sold. I have had time off in relation to both of these conditions but could not say when without speaking to my Doctor. However they have not been long periods of time in any event. Do I need to refer to this when completing my questionnaire or is it irrelevant.
Finally insofar as the Mortgage PPI having read the various posts I am aware payout for mis selling this product is pretty much none existent. Again my grounds for claiming I was mis sold would be along the same lines as above. In the event PPI was a requirement of my mortgage then I know I would have done some research on alternative providers (I always shop around for the best deal) and had I done this in relation to my mortgage I would most definitely recall doing so, especially as it is such a big financial commitment, so again I can only conclude the only reason I would have taken PPI on my mortgage with the RBS is if I was told it was compulsory.
Could anyone advise me what are the chances of success in relation to my claims on credit card/overdraft/mortgage and how to complete the forms if I am unable to recall the selling of the policies in the first instance. Many thanks.
So I looked up the best way to ascertain whether I had PPI and after obtaining details of all my credit agreements from Equifax I contacted the companies direct and enquired whether PPI was in place. Upon contacting RBS who I bank with I was informed I had PPI on 2 loans, an overdraft and a mortgage. Further enquiries revealed I have it on a number of other credit cards. (All pre 2007) I was completely shell shocked as I didn't think I would have taken out the policies.
The reason for this is that I don't believe I would have needed the cover. I have been in full time employment with my present employers for over 20 years, my employment is very secure and as such I would have never been tempted by the redundancy aspect of the PPI. Insofar as sickness/accident cover is concerned my employers have always been very generous in respect of this and have always paid sickness in full over the years. They have in fact paid sickness out to two of my colleagues, both of whom unfortunately died as a result of their illness and as far as I am aware full pay was paid out up until their death. As such I would never have been persuaded by the sickness/accident element. As I do not recall taking out PPI (indeed I was convinced I did not have this) I am unable to provide any information in respect of the selling process. All I can say is given the above facts I know I would not have been interested in taking the cover. The only reason I can conclude I would have therefore taken the cover is if I believed it was compulsory in obtaining the credit. Also would I need to prove I had this cover in place with work? If so, what proof would be acceptable? My contract of employment has changed over the years and with the recession my employers are no longer generous with regards to sickness etc. I am sure they would be willing to confirm this in writing if required. The changes in my contract of employment and sickness payout etc is post taking any of the credit agreements out.
It should also be noted that I have long standing pre existing medical conditions - asthma and depression. I don't know whether the policy would have paid out as again I didn't know I had it so am unaware of the t&c's but would this be of any relevance to claiming I was mis sold. I have had time off in relation to both of these conditions but could not say when without speaking to my Doctor. However they have not been long periods of time in any event. Do I need to refer to this when completing my questionnaire or is it irrelevant.
Finally insofar as the Mortgage PPI having read the various posts I am aware payout for mis selling this product is pretty much none existent. Again my grounds for claiming I was mis sold would be along the same lines as above. In the event PPI was a requirement of my mortgage then I know I would have done some research on alternative providers (I always shop around for the best deal) and had I done this in relation to my mortgage I would most definitely recall doing so, especially as it is such a big financial commitment, so again I can only conclude the only reason I would have taken PPI on my mortgage with the RBS is if I was told it was compulsory.
Could anyone advise me what are the chances of success in relation to my claims on credit card/overdraft/mortgage and how to complete the forms if I am unable to recall the selling of the policies in the first instance. Many thanks.
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