Who sold PPI?
Did your bank or lender sell PPI?
So, who sold PPI? The good news, or bad news, whichever way you look at it, is that most banks and lenders sold Payment Protection Insurance, commonly referred to as PPI.
We have listed some of the main culprits at the bottom of this page but don’t worry if your lender doesn’t appear, it is still highly likely that they sold PPI.
Don’t be fooled if your bank or lender has a different name for the insurance, it is generally the same thing.
Who was mis-sold PPI?
If you took out mortgages, loans, hire purchase agreements, car finance, credit cards and store cards between the early 1980s until as recently as 2015 then you could be one of the millions who have been mis-sold PPI.
The FCA estimates that as many as 64 MILLION policies have been sold, and the Financial Ombudsman Service suggests the total value of these PPI policies is worth £50 billion.
How was PPI mis-sold?
PPI policies were often sold by lenders as part of the deal when you took out credit with them.
These policies were often sold to customers who did not need, want or ask for them.
Indeed, many customers may not even know that they have been sold a PPI policy with their credit agreement.
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.
Have you had PPI?
PPI was sold on all forms of credit, such as mortgages, loans, car finance, hire purchase agreements, credit cards and store cards.
Not sure whether you’ve been sold PPI?
Our fast and comprehensive checking systems that have been set up with almost all banks allows us to find out whether you’ve been one of the millions who have had PPI.
Not sure whether you qualify? Check here to see whether you may.
Want to know how much you may be owed? Why not try our PPI calculator.
Making a PPI Claim
If you took out any form of credit, whether it’s still active or not, between the early 1980s until as recently as 2015 there’s every chance you’ll have been paying for PPI.
We’ve made claiming easy, taking the stress out of you having to deal with the paperwork, the stress, and the tactics employed by the banks to try and wriggle out of paying.
So…how do you start your claim?
Option #1: Fill in the ‘Start Your Claim’ form on this page. We’ll send you out a form in the post for you to complete. Once we’ve received the form back in the freepost envelope we provide, we’ll make a start on your PPI claim.
Option #2: Click the ‘Download Claim Pack’ button. Simply print out the form, complete it and send it back to us. Our address and email address can be found here.
Our experts are on hand to answer any questions you have via telephone, email or our live chat facility.