........to check old paperwork.................. I was recently going through old documents to see what I could dispose of and came across a letter from an insurance company dated 2000, notifying me that I had taken out PPI on a finance agreement for a car I bought in 2000. I contacted the insurance company as I felt the PPI was not suitable for purpose having been made aware of all the fuss over PPI. They denied any knowledge of the product / policy but they advised me they had informed the finance company who would be in touch. Nuffing for two months, so I contacted the financial services ombudsman. the FSA apparently gave the finance company a 'nudge' and the finance company then wrote to me saying they had no records and wanted proof........So I gave it to them. I have just been informed that the original one off policy premium of approx £700 has been returned to me including interest which makes the total amount well over double. Check your old documents - sometimes it pays off.
I had a credit card with Halifax, for which they insisted I took ppi. I cancelled, so was sure I didn't have any worthwhile PPI. Upon investigation it turns out that the PPI was sneakily re instated under an automatic opt in during the implementation of 'revised terms and conditions' a couple of months later. This was hidden in a compound interest rate for the next ten years. Suffice to say the refund was significant. Many many people who don't think they have had PPI have been in the same boat.
