Payment Protection Insurance

PPI Claims

Payment Protection Insurance Policies (PPI) were sold to cover loan, credit card or mortgage repayments in case of an accident, sickness or unemployment.

If you have a mortgage, loan or credit card then there is a good chance you were also sold a Payment Protection Insurance policy. In many cases lenders mis-sold these PPI policies and this entitles you to reclaim the PPI cost plus interest. If you have been mis-sold PPI we may be able to reclaim £1,000s on your behalf.

Payment Protection Insurance (PPI) can also be known as Accident, Sickness and Unemployment cover (ASU), Life & Accident, Sickness and Unemployment cover, Mortgage Payment Protection Insurance, Personal Loan Protection or Credit Card Repayment Protection. We can check any credit card, loan or mortgages for you to see if these types of cover were added as in some cases you may not even know you had taken on a form of Payment Protection Insurance.

There is nothing wrong with PPI policies for those who need it and assuming it has been sold correctly. However, it has been proven that Payment Protection Insurance has been systematically mis-sold to millions of people. If you have taken out a loan, credit card or mortgage in the last few years then you may be entitled to claim PPI charges that you have paid.

A good PPI sales process should fully inform you of the costs, advise you that the policy was optional, give you full details and policy documents, ask about any pre-existing medical conditions you may have had, ask about your employment status and much more.

In practice, these policies were often sold without much investigation in order to boost company’s profit margins and commission for the advisers which is why many people are now entitled to a PPI reclaim.

What should I do next?

We can find out if you had PPI, and start a claim.

Find out if you had PPI

Reclaim payment protection insurance (PPI)

To reclaim PPI it is important to establish whether you were originally mis-sold the insurance. Mis sold Payment protection insurance occurs when the customer isn’t fully informed of their rights, and asked the proper questions as to whether they need Payment Protection Insurance, during the sales process. The customer should be informed that payment Protection Insurance is not compulsory and can be bought from companies other than the original lender if they are cheaper. You should also be fully aware that you are buying Payment Protection Insurance and be in employment at the time of taking out the loan, mortgage or credit card.

Canary Claims can help you reclaim PPI. We will find out on your behalf whether you have had any PPI in the past and will then initial a PPI claim process on your behalf. You do not need any documents and we work on a no win, no fee basis.