Should I give my ex wife anything from my PPI refund?

MissChief

MissChief

MissChief

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Took out a loan a couple of years before we split up. £15k unsecured and were both still paying it off now, £25pm each. We’re still on speaking terms, kids together (youngest now 19) and we split up an easy 15 years ago and divorced a couple of years later, uncontested.

I put in a claim for PPI not expecting anything back but got a couple of hundred a few months ago and thought that was it. I didn’t bother mentioning it to her as it was for a credit card in my name and I ended up on the hook for it and it eventually got paid off.

Now I got another letter today about PPI on this loan and getting a refund, which together with the accrued interest is substantially more than £200. Like four figures, and not just slightly above £1k either.

She’s still down as on my Joint bank account, I just never got round to it. She has no access and has remarried.

Do I keep it for myself? Mention it to her at all? Keep quiet? Give her a small amount, £500 or so and say that’s half? Give her nothing? She has new kids after getting remarried and isn’t short for money with all the benefits she gets for disabilities of her kids (mine too, but they’re older, epilepsy drugs were not well understood in pregnancy for a long time).

TL;DR, got substantial PPI refund for loan taken when we were married, split up soon after, have been paying it off each equally since then, do I give some, none or half?
 
Yes, you expected her to help pay off half the loan, she should be paid half the refund too.

Cant believe you’re even thinking about this tbh.
 
Surely it must be enough to clear the loan if you took it out that long ago and the refund is well into 4 figures. I'd just dump it back in and clear it off.
 
Just give her half. Or use the PPI payment to pay of the remainder of the loan, if it's enough? If you're still on speaking terms then it may be the most amicable solution.
 
Flip this on it's head - what would you have thought if instead of a big cheque, you got a letter back saying she'd claimed the PPI on it 2 years ago and they already paid her £2500?

Would you be a bit miffed that she didn't tell you or share and just said 'but I filed the claim, not you?'
 
Put it this way.

If she puts in a PPI claim on this loan, to be told that its been payed off, what do you think she'll do ? She'll know you got the money and not said anything.

Give her half or like others have said, can't u use it to pay off whats remaining ? Or if you don't wanna give her half dump it into the loan then tell her it'll take less time to pay it off.

One thing i've learnt with my Ex is don't give them anything to bad mouth you about. What would your kids think if they found out you kept it quite ?
 
200sols said:
You are still paying back an unsecured loan you took out 17 years ago?
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I think we are. £50pm is only 600 a year. Even for ten years that’s still only £6k paid off. Given the loan was £15k it might be close to being paid off. I’ll ask her about it next time I see her.
 
MissChief said:
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Hey, I'm actually one of the case handlers dealing with PPI refunds, maybe I did yours :)
This is entirely down to the situation.

If the loan was taken out in both your names, the refund you received will be 50% of the PPI refund due, she has to make her own claim for her portion of the refund. However the PPI deadline has long since passed so she cant.
If the loan was only in your name, you are entitled to 100% of the refund and its down to your own decision if you want to split it.
 
Agree with others here! Morally you should give her half back.

However if the loan is still active, dump the lot back in there to clear it and split the remainder.
 
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