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ste v | 08:33 Fri 17th Jun 2011 | Business & Finance
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is it worth trying to claim back the ppi from Barclays for two loans I took out in 2004 and 2005 even though the banks have stated that only loans taken out in the last six years will be considered ? thanks
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You will find a lot of info on the Martin Lewis' website but as I read that, it states as long as the loan was 'active' in the past 6 years, not just taken out then you can try and reclaim.

You might as well try it. The worst that can happen is you get refused.
Be guided by what Martin Lewis says - but my understanding is that 'active' means that there must have been some correspondence between you and Barclays in the 6 years - from just one of the 2 parties would be good enough.
The '6 years' bit relates to the statute of liability on debts - if no mention for more than 6 years, a debt cannot be enforced.
My husband is in dispute with Lloyds and he took his loan out in 2004.

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