There’s something of a common misconception about Payment Protection Insurance (PPI) claims. There’s talk of a ’6 year time limit’ and this can often be taken to mean that you can’t claim on policies that are more than six years old. This is not the case.

You can make a PPI claim if you were mis-sold Payment Protection Insurance, irrespective of whether your policy started (or even ended) more than six years ago. The whole ’6 year’ talk actually relates to the length of time that a provider is required to keep your paperwork on file.

You will need the paperwork to make a PPI claim. You’ll have to be able to prove your policy existed and have the documentation around its terms. If you have a copy of the paperwork, then great! It doesn’t matter when the policy ended. If, however, you no longer have the original paperwork, you will have to write to your provider and request it. This is where you may struggle if your policy ended more than six years ago.

They are legally obliged to keep all documentation for six years after the completion of your policy. If you request paperwork that they have, they are legally obliged to provide you with it. However, if your policy ended more than six years ago, the chances are that they’ll no longer have the papers relating to your policy, thus making it more difficult to make a PPI claim.

Sally Bowyer, Managing Director of leading financial claims firm Brunel Franklin, said that consumers could recoup many years’ worth of premiums plus interest. “If you were mis-sold PPI, you may be entitled to several years’ premiums plus 8% interest, which can in some cases amount to several thousands of pounds.”

Learn more about PPI refunds and find out if you could apply for a refund today! Visit the website www.brunelfranklin.com or call Brunel Franklin, free, on 0800 051 54 51.