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If one feels the need to get the money he had spent on PPI back, he must first check on a few things. Since most people are not aware that they have actually signed up for the policy, they would need to unearth the documents that prove they availed of PPI. Most PPI policies cover a maximum of six years and since institutions are not obliged to keep documentation beyond that span of time, they might have trouble locating yours from their files.

Those with active policies have a greater advantage as they will have documents ready. There are numerous companies who offer claim services and if you wish to go down this route, choose one that is reputable and doesn’t charge upfront fees.

15 years ago. Rating: 1
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