Thousands of people were mis-sold payment protection insurance (PPI) policies with their mortgage, home improvement loan, car loan, personal loan, store card or credit card. Compensation and refunds relating to mis-sold PPI has already reached £9.3 billion and the final cost to the country’s banks is likely to be about £25 billion. Make a PPI claim with no up front fees. It’s as easy as 1-2-3:
- Apply online now to claim your money back – fill in the form on the right.
- Your PPI claim begins – we do all the paperwork for you.
- Receive your money – we aim to get back what you paid + interest.
(we’re not a call centre – your PPI claim will be dealt with by a dedicated claim manager)
What is Payment Protection Insurance?
Payment Protection Insurance (PPI) was there to pay your monthly repayments on your loans, credit card or store cards if you were unable to work because of accident, sickness or redundancy. The PPI policies hardly ever paid out and were largely inappropriate for many borrowers.
How was PPI Sold?
PPI policies were often sold by lenders as part of the deal when you took out a loan or credit card with them. Millions of loans, credit cards and store cards have been taken out with some form of PPI. These policies were often sold to customers who did not need, want or ask for them. Many customers may not even know that they have been sold a PPI policy with their loan or credit card.
The vast majority of firms selling PPI did not…..
- Make it clear that the PPI was optional.
- Offer cancellation refunds when PPI was stopped.
- Give clear information about the PPI product and what it would cost.
- Tell their customers what they were and were not covered for.
How to Claim PPI
So if you have been sold Payment Protection Insurance on your mortgage, home improvement loan, car loan, personal loan, credit card or store card then you could make a PPI claim with us. To claim your money back plus interest, simply enter your details (top right) - we work on a ‘No win No fee‘ basis you won’t have to pay us a penny if your claim is unsuccessful. You can start a PPI claim now by filling in our online form at the top right of this page.
PPI was mis-sold to customers on a huge scale
Financial Institutions used Payment Protection Insurance products (PPI) to make big profits at their customers expense. Loans were sold with added “protection policies” to customers who did not need, want or ask for them. There are various different names for the PPI policies including unemployment cover, mortgage protection, repayment cover or accident and sickness cover.
The Office of Fair Trading uncovered these practises and deemed them unfair as the PPI products should only be sold for the benefit of the customer, not to generate obscene profits for the company. If you have been sold a policy in the past, we believe there is a very high chance that it has been mis-sold and the money is rightfully yours. We are confident we can claim your money back for you, PLUS INTEREST!
Not sure whether you have had a PPI policy?
Not sure whether you have had a Payment Protection Insurance policy? Simply check your original paperwork or we can check for you. It only takes a minute and then we can work for you to get back what is rightfully yours. Go to experian.co.uk and try out their free 30 day trial. They hold your credit file and will have all the details. There are also some excellent ideas and tips on how to boost your credit rating.