PPI Claims

Have you taken out a mortgage or loan in the past? Were you also asked to buy a payment protection insurance (PPI) policy too? If so you could be among the thousands of people who are entitled to make PPI claims for the charges on policies that have been mis-sold. The scandal is a well publicised one and is less complex than you might think at first, and here we are going to explain the basics in as simple terms as possible. Read further, and you may find that you can claim back charges that you should never have paid.

The PPI Claims Scandal – What’s it all about?

Payment protection insurance is designed to keep up repayments on a loan or mortgage in specific circumstances. Generally the policy will come into play in the event of involuntary redundancy, but sometimes it can also apply to loss of earnings through accident and/or illness. The problem with PPI claims came about a few years ago when it was discovered that some lenders were selling PPI policies to customers without explaining them properly – and in some cases, without explaining them at all! There have always been strict regulations surrounding such policies, and it is now against the rules to sell PPI at the point of sale of a loan.

PPI Claims

How do I Know I’ve been mis-sold PPI?

There have been several instances of mis-selling,including the following: failing to explain to the customer their right to shop around for a good deal; leading the customer to believe they would only get the loan with the lenders PPI package; selling policies that were not applicable to the borrower; not informing the customer that they were being sold PPI. If any of these applies to you then the likelihood is you have a very good chance of putting a successful PPI claims case to the courts.

How Do I Make PPI Claims?

It is very simple to claim back mis sold PPI charges; the first thing you need to do is look online for a PPI claims solicitor to handle your case. You should find an expert in the field who will give you a no win – no fee deal or guarantee you 100 percent compensation. The added advantage of having a professional on board is that you stand a greater chance of success. It only takes a few minutes to get your claim underway, so why not contact a solicitor right now to discuss your claim? [Continue reading]

This PPI Bombshell Could Bring You Surprise Cash

The Payment Protection Insurance (PPI) scandal seems like it'll never end. The statistics on this scandal are staggering, with well over 16 million policies being considered to be mis-sold since 2005. Major banks and lenders have tried to keep up … [Continue reading]

Mis Sold Payment Protection Insurance

If you have had a loan, mortgage or credit card then the unfortunate fact is that you might have been Mis Sold Payment Protection Insurance. Lenders in the UK Mis Sold PPI at an alarming rate and now they have to pay it back. It is estimated that … [Continue reading]

Reviewing a Potential PPI Claim Before the New Year

Are you looking at PPI again? Are you worried about not getting the right PPI claim before it's all too late? Well, it's up to you to take it to the next level. The PPI scandal has been well documented in just about any paper that you wish to read. … [Continue reading]

Pitfalls of Payment Protection Insurance

Have you ever fallen for the promises of insurance companies? Their way of sweet talking you to buy different policies is probably one of the most effective marketing strategies that the market has ever seen. First, they will try to guess how you … [Continue reading]

PPI: If it was mis-sold, don’t hold back and make a claim

As someone who relies on credit, you probably also have been worried how you were going to keep up with the repayments if in case you become unable to due to a prolonged illness, accident, or redundancy. You and every other individual probably have … [Continue reading]

Compensation Paid For PPI Claims Helps Boost Economy

Questions have recently arisen as to how much the 9 billion pounds paid out in the last 2 years to customers who were mis-sold payment protection insurance has helped to boost the economy. Over 35 million people in the UK have been sold payment … [Continue reading]

Can You Really Handle PPI On Your Own – Without the Claims Company

Look, we live in a DIY culture -- we get that. A lot of emails are coming in mentioning this, and the concern is now whether or not you really need a claims company in order to pursue PPI. The truth is that yes, you can claim PPI on your own. In … [Continue reading]

Will Barclays and Lloyds Ever Clean Up Their Actions

If you were one of the millions of consumers that railed against PPI in the last few months, trust and believe that your voice was heard...or was it? According to the Financial Conduct Authority, there were well over 3.5 million complaints made just … [Continue reading]

Claim Your PPI Refund Now For an Early Summer Surprise!

If you're thinking about getting extra money for the summertime, why not start now? Believe it or not, you could actually have a lot of money just hiding out underneath your nose. For example, if you took out a loan in the last 10 years, you could … [Continue reading]