Payment Protection Insurance
Bank consultants often failed to provide enough details about the PPI policy, to allow the client to make an informed decision. In some situations, PPI was sold to clients who were not eligible to obtain it. If you feel that you have paid for PPI that was sold to you under unclear circumstances, you could be entitled to claim PPI.
How do I know if I have paid PPI?
The calculation that determines how much compensation you’ll receive is quite complex, but in general it consist of:
- A refund of the PPI premiums you have paid
- Interest at 8% (gross)
- Extra compensation may be due if you paid additional interest on your loan, credit card, store card, mortgage or overdraft as a result of the PPI
We are with you every step of the way, so if you have any questions or concerns at any stage give us a call and talk to us – we’re here to help.
- There hasn’t been a cut off date set for claims yet, but considering the many millions of people potentially affected, it could happen, therefore we urge you to get in touch as soon as possible.
- All you have to do is let us know whom your lender was and we’ll do the rest.
No win, no fee financial claims
One of the most common claims is for mis-sold Payment Protection Insurance (PPI). This was widely sold as a package with loans, store cards, credit cards and mortgages. The idea behind it was to safeguard your repayments should you fall sick, have an accident or lose your job.
Millions of people were sold the cover even though it was unsuitable or not wanted. Some people didn’t even realise they were paying for it.
If you’re not sure where you stand about PPI or any other financial product you’ve been sold, don’t worry. Our team of experts will take a look at your situation and determine whether you are eligible to make a claim.a call and talk to us – we’re here to help.