If you haven’t yet checked to find out if you had PPI, now is the time to do so.
The PPI deadline is now just over a year away. If you haven’t got around to making your claims yet, then you still have time. 64 million PPI policies were sold in the UK, meaning some people had more than one. You might have bought multiple PPI policies, but never even realised that you were paying for it on top of your monthly mortgage or loan repayments.
Thousands of people have made successful PPI claims despite not realising they had PPI in the first place. This is because it was added to many financial products automatically. The scale of mis-selling was vast. For those who had more than one PPI policy, the return from the bank could be a five-figure sum.
If you’ve been meaning to make a claim or find out if you had PPI but aren’t sure how to check, we’ve broken it down for you below.
Steps to Check if You Had PPI
Checking if you had PPI can be difficult if you’ve moved house, changed your name, or thrown out a lot of previous financial paperwork. But, Canary Claims can uncover if you ever had PPI. Let us guide you through the process step by step.
1. Remember if you had any previous credit cards, loans or mortgages
Most PPI policies were sold between 1990 and 2010. However, some were sold even further back than 1990. If you can remember how many financial products you had and who they were with, this is a good start. Keep a note of these and which names and addresses were registered to each product.
2. Try to find previous statements and paperwork
Once you know the banks and products, it’s time to give your home a spring clean to try and find the relevant paperwork. You should have a contract from when you opened the account, as well as statements. Finding any of these will be beneficial.
3. Look for PPI listed
If you can find the previous paperwork, look for PPI — though it’s important to note that it might not be listed as payment protection insurance. PPI had a variety of names depending on the bank or lender. PPI could be called any of the following:
- Accident, Sickness and Unemployment cover (ASU)
- Loan care
- Loan protection
- Account cover
- Card protector
There are a number of other names so if you see anything on your statement and you’re not sure what it is, it’s worthwhile checking.
How Do I Check if I Had PPI Without Paperwork?
If you’ve looked through the whole house and can’t find the paperwork, don’t worry. While having your paperwork on hand can make the claim quicker, it won’t hinder you in the long run.
Remember the list of banks and financial products that you put together? Using this can help Canary Claims to uncover if you ever had PPI. The older the financial product, the more difficult it becomes. But, with over a decade of experience in PPI claims, we’re confident that we can uncover if you ever had PPI.
Many people have made PPI claims despite not having the paperwork to start with. You could be next to receive a lump sum from the bank if you make your PPI claim before the upcoming deadline. Don’t miss your chance.
Canary Claims can do all the work for you when it comes to making a PPI claim. With a no win, no fee policy [Cancellation charges may apply only if the claim is cancelled after the 14 days cooling off period. The fee would be based on the work done at the time of cancelling at a rate of £120 per hour and up to a maximum total of £180] and only 15% + VAT (18%) on successful claims, we’re the best company to work with.