Unsure About The PPI Compensation Situation?

Are you unsure about the PPI compensation situation, or are you confused by the saga? Many people who have been mis-sold policies are unaware of it, and could be able to join the millions of people who have so far made successful claims. A High Court ruling means that banks and other lenders who have breached the regulations are obliged to pay back all fees – plus compensation – on such policies, and with an industry average payout of £2750 per policy the lenders have set aside many billions of pounds to cover the eventual costs of the scandal.

What is the PPI Claims Scandal?

Payment protection insurance (PPI) is a form of insurance that is there to cover the repayments on a mortgage or loan – or any form of credit agreement – in the event the borrower can’t pay due to loss of earnings (either though redundancy, sickness or injury). The payments will continue for one year, and sometimes for two in special circumstances. Many people have been mis sold policies but may not know it, and our team of experienced advisers can help you find out if you have a valid claim. Why not get in touch and see if you can make a PPI compensation claim?

How Do I Know I Can Claim Back PPI?

You can claim PPI compensation if you can prove you were mis sold the policy in the first place. When you took out the loan concerned you should have been given a full explanation of your rights regarding PPI, including the right to look for the best deal. In many cases the lender implied that their own PPI policy was necessary, and in some the borrower was not even told they were paying into a PPI policy. For some, certain terms meant they were not suitable for a policy if they were retired or self-employed, yet they were still sold the policies. All of these – and more – have been cited in mis sold PPI claims cases, and you have a legal right to claim if you have been mis sold a policy. You may decide to use a ppi claims calculator like this one to see roughly how much you are owed back.

How Best to Claim Back PPI

Many choose to use a dedicated claims handling company when making PPI compensation claims, and we feel that our experience in the field allows us to help you in the best possible way. We have a team of experienced claims handlers who will give you all the advice and help you need to make a successful claim, and we will handle your claim on a no win no fee* basis so you do not have to pay should your claim be unsuccessful. Why not get in touch now and see how we can help you get back what you are owed?