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What puts you off from reclaiming mis-sold PPI?

28 August 2017

It was announced this week that the majority of people likely owed compensation for PPI haven’t claimed it yet. There are only two years left for people to claim, and given many could be owed thousands plus a new ruling means just having had PPI makes it likely you were mis-sold, we want to know what is putting people off. So if you've an inkling you've had PPI in the past, what puts you off reclaiming? Please select the single biggest reason which applies to you.

tip-ppi-share-of-billions.png

It was announced this week that the majority of people likely owed compensation for PPI haven’t claimed it yet. There are only two years left for people to claim, and given many could be owed thousands plus a new ruling means just having had PPI makes it likely you were mis-sold, we want to know what is putting people off.

So if you've an inkling you've had PPI in the past, what puts you off reclaiming?

Please select the single biggest reason which applies to you.

Results

I don’t understand what it is, or what I’d be claiming for 213 votes (4 %)
My bank told me I had it but it wasn't mis-sold 134 votes (3 %)
I’ve already been rejected, but haven’t appealed  164 votes (3 %)
I had PPI, plan to claim, but just haven’t got round to it yet 40 votes (1 %)
I had PPI but can't find the paperwork to make a claim 551 votes (10 %)
I had PPI but don’t know who sold it to me 223 votes (4 %)
I had PPI but can’t track down the company who sold it to me 136 votes (3 %)
I had PPI but claiming seems too much hassle 93 votes (2 %)
I had PPI but don’t think I’ll get that much money back 65 votes (1 %)
I had PPI but don’t want to pay a claims company to do it for me  54 votes (1 %)
I used my PPI successfully when I had it (it did what it was sold to me for), so don’t think I can claim for mis-selling now 98 votes (2 %)
Another reason (please tell us in the forum discussion link below) 395 votes (7 %)
I have successfully claimed for mis-sold PPI already 161 votes (3 %)
I've checked and I definitely didn't have PPI 511 votes (10 %)
I don’t know whether I’ve had PPI or not, and haven’t checked 2,484 votes (47 %)

                   5,322 votes received.

We try to use technology to limit voting to one per person. Occasionally, this may erroneously block a few people's votes (eg, from shared offices). Apologies for that.

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