One of the biggest questions asked regarding PPI claims is.. how far back can you claim ppi against these mis-sold policies?
You may be pleased to learn that there isn’t a PPI deadline for claims. In fact, there is no time limit in making a claim.
However, often you will hear a time-frame of 6 years being said. But why?
Why many people believe there is a 6 year PPI deadline
If you ask a financial lender how far back their records go regarding a borrowing account you opened, they are likely to say 6 years.
This is the standard length of time that they are asked to keep any records under the Data Protection Act.
However, this doesn’t mean that you cannot make a PPI claim past 6 years. In fact, there have been cases of people successfully making a PPI claim that dates back more than 10 years.
What happens if you make a claim on an older account?
Whilst there is no time limit on making a PPI claim, you may find that the older account are harder to process. This is simply because the information required in order to make a claim can be harder to find.
One of the best ways to rectify this is to use an experienced and professional PPI claim company. In doing this, you can be sure that they will know everything that you need, and the best way to find the required information.
They will know exactly what they will need from you, and then handle all the communication between yourself and the financial lender. Leaving you feeling stress-free and with a great chance of receiving the compensation for your PPI claim.
There is a PPI deadline date looming, don’t miss out!
So, now you know the answer to the question how far back can you claim PPI. There really has been no better time to make your PPI check and claim. Recently a PPI deadline date has been applied to all claims. This is set at June 2019.
After this date, you will no longer be able to make any PPI claims. There really has been no better time to find the best PPI claim company and make sure that you make a claim for the insurance policy you were mis-sold. No matter how long ago it was.