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 took 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.