Some of the people are of the view that if PPI policy is more than six years, then they cannot go for their PPI Claims. Well, the fact is that you can! Actually, the law states that the companies should keep the records of all the transactions and other important data for at least six years. After six years, they can simply dispose it off. Some companies keep the data for six years, and some keep it for more than six years too. Now people, who say that you can go for the PPI Claims within six years of buying the PPI policy, actually say in this regard. It means that the companies might dispose off the records after six years, and then you might face difficulties in claiming. This is why they tell you to claim within six years, but if you do not do that, and claim the PPI money after six years, then, there are still chances that you might get your money.
If you are demanding your claims after six years and the lender does not have the documents, then the higher authorities might ask you to provide them with all the required documentation. Therefore, make sure that you have all the documentation or you might lose the case and could not e able to get any PPI money.