Can I make a PPI claim?
It is estimated that over 20 million people in the UK have been mis-sold Payment Protection Insurance (PPI). Many “household name” lenders have been fined millions of pounds for mis-selling PPI policies to people who didn’t want PPI or didn’t even know they were paying for it.
If you have taken out a loan, mortgage, credit card or any type of finance in the last 10 years, you may be able to make a PPI claim. You will be able to reclaim all of the premiums you have previously paid, plus interest thereon. If this insurance policy was attached to your finance, it is likely that the lender did not follow strict guidelines when providing the appropriate advice.
The most common examples of PPI mis-selling are:
- PPI attached to your finance without your knowledge
- Finance only provided if you agreed to take out PPI
- You were self employed or unemployed
- Lack of verbal and/or written explanation of the terms of the policy
How much can I claim?
We have over 5 years’ experience dealing with PPI claims. Indeed, billions of pounds have been set aside by UK banks in order to pay back PPI premiums paid by UK consumers as a result of their mis-selling practices.
Average PPI claims settle at approximately £2,500. However, the amount of your premium and the number of premiums paid by you will determine how much PPI compensation you recover. Our dedicated team of advisors always strive to recover the maximum amount of compensation in the shortest possible time.
If you are unsure if you can make a PPI claim, please give us a call on 0800 612 4972, request us to call you back or alternatively complete our quick online claim form, and one of our advisors will be happy to discuss your claim with you on a no obligation basis. |
