How far back can I claim PPI?
The deadline to claim payment protection insurance (PPI) growing closer and it’s more important than ever that you know where you stand. People are exploring their loan history and receiving life-changing payouts on financial agreements that were forgotten.
How do I check if I have PPI?
In the first instance, check the paperwork on your loan. Your credit agreement will detail whether you paid PPI with key phrases such as ‘protection cover’. If you don’t have paperwork, your loan provider will be able to tell you if you’ve paid PPI.
How long do my loan’s provider’s records go back?
Banks and other loan providers are required to keep records for six years and some keep them for longer. If you believe you have a claim on a policy from more than six years ago you should track down the loan provider. There is a good chance that you can find out if you have PPI.
What about a loan I took out more than six years ago?
While it may seem difficult to get information about historic loans, it’s not impossible. If you can’t remember the name of the lender, it’s possible to find out. A search on the Government’s land registry database will allow you to find your old home. It’s very likely your mortgage lender would have registered the property. The lender may still have your paperwork and you can begin the claims process if you have PPI.
How do I claim PPI?
The team at First Target Recoveries specialise in mis-sold PPI policies and claims. We have helped over 65,000 people like you claim back their PPI compensation since we launched in 2011. We have a wealth of experience in handling claims, deciphering financial jargon and handling every aspect of the claim, which eases stress for claimants.
Get in touch via our online form or call us on 0800 023 4953 to find out more and get your claim off the ground.