PPI, or Payment Protection Insurance, is a financial insurance often sold alongside loans, credit cards, store cards and mortgages, with the purpose of covering repayments in the event of illness or unemployment. However, it has now been discovered that millions of PPI policies have been mis-sold by banks and other financial institutions, and if this describes your experience then what’s stopping YOU from claiming back your PPI?
If you fall into one of the following categories then you could claim back your PPI today
Were you told that the PPI was compulsory?
If you were advised that PPI was essential alongside your financial product, then you were mis-sold the policy and you have a claim.
Was the PPI policy suitable for you?
Many policies have been sold incorrectly to the unemployed, retired or self-employed, and if your policy did not have cover for your specific situation at the time then you could have a claim.
Were you told about the PPI you were purchasing?
Astonishingly, many consumers do not even realise that they have been paying for PPI, as they were not advised that they were purchasing a policy! Even if you don’t think that claiming back PPI is relevant to you, check your loan agreement or credit card statement. If you discover that you do in fact have a policy then you have a claim.
Did you have a pre-existing medical condition?
The majority of PPI policies exclude any health problems that were in existence at the time of taking it out, and if you weren’t advised of this then you have a claim.
Re-claiming mis sold PPI can be a stressful process that many people do not have time for in their busy lives, so why not let us do all the hard work for you? We will work hard on your behalf to re-claim every one of the PPI payments made, as well as the actual cost of the interest and a further 8% interest on top.