Mis Sold Payment Protection How Far Back
Since news of the payment protection mis-selling scandal broke thousands of
people have made made claims and received
payment protection refunds.
The publicity surrounding the issue has encouraged many people to look back over
their loan documents to find out whether they have this cover and whether it was
mis-sold to them. Many people have discovered older loans where policies were
added without their knowledge and are keen to know: mis sold payment protection
how far back can I claim?
Mis sold payment protection how far back can I claim?
UK law requires that businesses retain customer documents for at least six years.
Unfortunately, this means that many older sales are 'time-barred' in times of payment protection insurance claims
as lenders do not have the paperwork to carry out an investigation. The
exception here is where a loan was still active within the last six years (even
if it was taken out much earlier), in these cases your lender should have
retained the paperwork pertaining to your loan and should be able to conduct an
investigation.
Mis sold Payment protection how far back? Is it the same for all types of PPI?
Regardless of the type of payment protection insurance cover you have - whether
it is attached to a loan, mortgage or credit card the same rules apply. In all
cases it may not be possible to make a full recovery of all premiums paid, but
your lender should, at the very least, where mis-selling is proven, refund
payments made with the last six years.
To learn more about the mis-sale of payment protection or the processes of claiming back payments call 0207 471 2000 and a claims
handler will be available to answer any questions you may have.
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