PPI Claims

The PPI claims scandal is the biggest to hit the UK banking industry in history. So far it is estimated that over four million people have claimed back – or are in the process of claiming – mis sold payment protection insurance (PPI) costs, and the banks have been ordered to put aside money to cover the cost of repayments. The total for repayment is currently estimated at some £13billion. Are you entitled to reclaim PPI costs, or are you unsure of the situation? Read on for all the information you need.

What is PPI?

PPI is an insurance policy that is designed to keep up the repayments on a loan, mortgage or credit agreement to which it is attached. The policy will usually apply in the event of involuntary redundancy and, in some cases, loss of work thanks to accident or illness. There is, however, considerable controversy surrounding the subject, hence the claims scandal. To start your PPI claims today or to find out more about claiming compensation, simply fill out the form above or give us a call for free on 0800 111 6887 and speak with one of our advisers.

Can I Claim Back PPI?

You need to be able to prove that you were mis-sold your PPI policy, and many people were. There are many types of mis-selling that have led to PPI claims cases. You should have been told that you could shop around for the best deal, for example, rather than being led to believe you had to take a policy from the lender. You should also have been given a full explanation of PPI, and many people – self employed or already retired – were sold policies that would never have been of use to them. Check your paperwork; you may be able to claim.

How to Claim Back PPI Costs

The best way to claim back PPI costs is to enlist the help of a specialist solicitor, and there are many who work in the claims arena who will be more than happy to help. Look for a no win, no fee deal and you will not have to pay if your claim is unsuccessful. To start your PPI claims today or to find out more about claiming compensation, simply fill out the form above or give us a call for free on 0800 111 6887 and speak with one of our advisers.