PPI stands for Payment Protection Insurance, although it may have been sold to you as loan protection insurance, unemployment income protection or other types of protection.
It is basically an insurance policy that if you take out a loan, credit card or mortgage and find yourself in the unfortunate position of not being able to meet your repayments. The insurance policy should then cover your payment for the original credit you had taken out. Sounds like the perfect cover for you doesn’t it?
The majority of PPI policies are simply not fit for purpose, some of the main flaws are:
- Policies not covering full term of loan/agreement.
- Policies being sold as compulsory when they should be optional.
- Policies not covering injuries caused by long term illness.
- Policies not covering you if you are self-employed.
- You not being told that you were purchasing a PPI policy.
- You were not asked whether you already had sufficient Insurance cover.
This has been judged to be “unfair” by the FSA, and we are now able to claim back the money you have paid if you were mis-sold. If you answer yes to any of these then contact us and we can help you to make your claim for compensation.
To start your PPI claim, we will need some details about your loan or credit card. One of our experienced claim advisors will guide you through the process. To speak to an advisor call 0800 970 2957 or fill in the call back request to the right.
Frequently Asked Questions
How does the process work?
We process your claim on your behalf once you send us back the paperwork. We contact the creditor/bank and negotiate with them until we receive an offer you are happy with.
Do you charge any upfront fees?
No we don’t, there is only one fee charged and that is on any monies reclaimed.
How do I start a claim?
You can start your claim by calling 0800 970 2957 or fill in the call back request to the right.
Don’t have the paperwork anymore?
Our claim advisors will contact your insurer and obtain all the necessary documentation to access your claim.
How long will it take to complete a valid claim?
The entire process takes between 3 to 6 months but we will keep you informed of our progress throughout a claim. Depending on the circumstances it make take a bit longer.
Can I claim for closed accounts and completed loans?
Yes you can, even if the loan has been paid off.
What do we charge?
We work on a No win = No fee*, Our fee is 25% of your total claim if successful.
Will this affect my credit file?
No this has no impact on you credit file.
What guarantees do you offer?
Though we are unable to offer guarantees we endeavour to reclaim all your mis-sold payment protection insurance. If you qualify then there is no reason why we shouldn’t be 100% successful for you.
* Outside of the cooling off period, fees may be payable if case is not pursued at clients request