PPI Claims
PPI, or to give it its full name, Payment Protection Insurance, has been wrongly sold for years. PPI has been sold by loan and credit card companies for many years. If you have been mis-sold PPI, then you may be entitled to a substantial claim running into thousands of pounds.
If, within the last ten years, you have taken out a mortgage or loan, or a credit card or store card, you may be owed thousands of pounds. Investigations have shown that many people are still owed money due to mis-sold PPI and you could be one of them. You may be entitled to a repayment of all the money, plus interest.
PPI was designed to protect payments on a credit card or loan in case you were unable to work through accident, sickness, or redundancy. If you have a mortgage or a loan taken out in the last ten years, you should check to see if you have been mis-sold PPI as it is very likely that you will have a claim. You may also have been sold PPI under a different name. Accident, Sickness and Unemployment Cover (ASU) and Loan Protection Insurance (LPI) are both PPI under different names.
Mis Sold PPI
To find out if you were mis-sold PPI, then check if one of the following applies to you:
- Did you know that you were paying PPI? Some people have been paying PPI and did not know.
- Were you un-employed, self employed or retired when you took out the credit card or loan? PPI does not pay out for these cases.
- Were you told that you must take out PPI before you could have the loan?
- Were you told you would have a better chance of getting the loan if you tool out PPI?
- Was it explained that you had a choice and could take out PPI with a different company as it could be cheaper, rather than your loan arranger?
If you fit any of these categories, then you should be able to reclaim your PPI.
You should check carefully to find out if you have been mis-sold PPI and have a claim. Any loan or credit card taken out in the last ten years is likely to include PPI unless you specifically refused it. PPI will be shown on your credit card statement, so check this carefully, not forgetting to check for PPI under other names, such as ASU or LPI. The PPI will be added to your statement monthly as it will depend on how much you have spent and repaid on your credit or store card. If you have PPI on a loan, this will be shown on your loan agreement and may be calculated as a lump sum one off payment at the beginning – known as a a single premium policy, which you should also check carefully for.
Reclaim PPI
If you fall into any of the above categories, Canary Claims can help you reclaim your mis-sold PPI. With our vast experience in reclaiming mis-sold PPI, we are perfectly placed to help. If you don’t win your claim, we don’t charge, unlike other claims companies.
If we are successful, we will charge you 20% plus VAT, unlike many other companies who charge 25% plus VAT. This makes us one of the most competitive companies on the market currently dealing with PPI reclaim and other financial claims. We have an excellent track record of successful claims and have a no win no fee policy.
* Cancellation charges may apply. Total claim fee including VAT is 24%.
