Ppi Poser

[davidmarsden]

my wife left me over 15 years ago.she ran up debt before she left and i have been repaying £40,000(this included all added interest) for 15 years.
i still have to pay £10,000.most of the debts have now been sold on to collection agencies.could i now try to claim ppi since the repayments are now frozen,is 15 years too far to go back to claim and lastly if i do claim could the debts ( interest frozen at moment) come back and bite me with interest raised again.
grateful for any advice.

[chrissa1]

If the debts were in your name, I would certainly go after any PPI monies you think may be owing. If you have been repaying these debts then it sounds as though you have all the relevant paperwork.

A friend of mine claimed PPI on a mortgage protection policy that was dated, 1992, and received, £10k.

Don't use a claims management company. Do it yourself and good luck. You've got nothing to lose and if you're turned down, put in a claim to the Financial Ombudsman Service. They're, brilliant and will tell you if your claim is valid.

[Peter Pedant]

No try and see
it sounz as tho you need the money

[ubasses]

They are at the moment looking to put a deadline on claims so you may need to move fast. Banks aren't required to keep records over 6 years, so you will need your paperwork.
It will have to gave been mis-sold to you for you to be able to claim a refund.

The next bit is taken from Money Saving Expert Web Site:

However, it's worth being aware that if you have a debt to the lender, either on this account or from a debt in the past, it's likely to use the cash towards your debt. It can do this without your permission and is unlikely to change its offer, even if you had ill health or are in financial difficulties.

[MTbowels]

Look David, do yourself a favour and take control of your money. Don't let debt collection agencies treat you as a cash cow. In order for a DCA to collect from you, there is a statutory requirement that they have the necessary documentation concerning the debts in their hands. If they do not, they cannot collect. Given that these debts originated with your wife, you certainly should not be paying them.

I won't go into detail here about what you need to do, but I seriously suggest you join the following forum and tell them what you've told us:

http://www.consumeractiongroup.co.uk/forum/forumdisplay.php?167-Debt-Collection-Agencies

They will help you deal with this situation and tell you exactly what to do. Take control of your own money. No doubt you've worked hard for it so please don't give it away to these parasites.

[Iggle Piggle]

If paperwork isn't your strong point, I would pop down to your local Citizens Advice Centre, they will give advice on whether you legally have to pay these debts (if were you jointly and severally liable). They will also help you fill in a form to claim back any mis-sold payment protection insurance. It's actually very easy, don't use a claims firm, they will shave off 25 to 30% as their 'fee' for sending a letter...

[chrissa1]

http://www.theanswerbank.co.uk/Law/Question707275.html

This is my post from 7 years ago. It proves what MTbowels stated about DCAs. I guess you will have to think about your credit score though, if you stop paying them.

[CrapAtCryptics]

I`d be pursuing the old B&C to payback her share - if her names on some of the things or the purchases are obviously for her why should she leave you with it.