Was I mis-sold PPI?

April 12, 2011 PPI / insurance
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Are you eligible to reclaim PPI?

PPI could have been mis-sold to you for a number of reasons, though these are not the only reasons these are the most common:

  • The bank or lender told you that having PPI would benefit your application
  • The bank or lender failed to tell you that PPI was optional
  • The bank or lender failed to inform you of the policy exclusions including back pain and stress related illness before you took out the policy
  • The policy was taken out verbally over the telephone and not face to face
  • You did not know or told the lender or bank that you did NOT want or need PPI
  • You were unemployed, self employed or retired at the point of sale

If any of  the above apply to you then you could be eligible to reclaim PPI, this compensation which averages £3000 per person is not difficult to claim. Go through a simple questionnair with one of our team and we can chase the claim on your behalf with a no win no fee agreement in place.

The PPI Claims Process

The process can be finished and compensation paid within a matter of 4 weeks but generally this averages 12-14 weeks from any PPI claims company in the UK,there is no real way of speeding this up as the processing time and admin time on the part of the bank is time consuming. But with the vast majority of cases being finished within 3 months that means you can get your compensation claim in now and it will be ready for you come mid summer!

What is PPI?

April 11, 2011 PPI
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PPI or payment protection insurance is a policy designed to cover the repayments of credit cards, loans or other financial products in the event of the holder being unable to work through illness, sickness or accident that is no fault of their own. The holder will have the payments paid on their behalf by the insurance provider.

Mis-sold PPI?

Though, PPI is receiving lots of bad press at the moment because of lenders and banks being found guilty of mis-selling PPI. These UK banks and lenders have been fined millions of pounds for admitting to PPI being mis-sold by their staff. We are not talking about small time lenders, these are some of the UK’s largest sellers of accounts, credit cards, mortgages and many other financial products to millions of customers.

Can you make a PPI claim?

PPI can be claimed back if it has been mis-sold to you, on average this equates to £3000 per person. To claim it back it back you simply need to understand whether you were mis-sold or not, at which point we can act on your behalf and chase the bank or lender for you. Using our reputation and relationships with banking bodies we are able to fast track claims and can in most cases get you more money quicker than most.

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payment protection insurance ppi ppi claims reclaim ppi