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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