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PPI – Are you one of the many owed money?

Filed under: Services — Tags: , , , — consumerfinanceclaims @ 10:49

Were you sold PPI insurance the last time you got a personal loan? Was insurance mentioned, but you didn’t quite fully understand what they were they were talking about – you’re not quite sure what you signed – or didn’t sign? Many people, who take out a loan, sign and fold the paperwork – then, put it safe somewhere (?) when they get home…and never look at it again. There are many thousands of people who don’t even realise that they are owed money.

It estimated borrowers were overcharged by £1.4bn on PPI policies, while the financial services industry – that is, banks, building societies and credit card companies – raked in a cool £5 billion profit.

The Office of Fair Trading has stated only 20% of the money paid in PPI premiums is ever paid out. In many cases money was taken from consumers who had no hope of ever making a successful claim, in the event they would ever need it.

PPI, which is known by various other names such as payment protection or loan insurance, is a form of protection which should ensure that, if a borrower becomes unexpectedly deprived of income which then renders them incapable of keeping up the repayments on the loan, the insurance company or provider would step in and relieve this financial burden

Essentially, borrowers were actively encouraged to take out PPI even when there was no way they could have ever benefited from it. Many unsuspecting borrowers were blatantly lied to and told that they needed it in order to take out the loan, or that it would improve their chances of being approved for one. Some even had it added to the cost of their loan without even being told that they would be paying for it.

Even serving servicemen have been cheated and tricked into buy PPI, when their profession prevented them from being eligible. It seems there’s no limit to the depths some providers would stoop to in order to turn a quick buck.

The consequence of all this is that PPI, or Payment Protection Insurance, is now looked upon with great suspicion by many people in the wake of this scandal.

If you have taken a loan out in the last 10 years then the chances are you were offered PPI, or you were mis-sold a policy – now is the time to act – you have nothing to loose – but perhaps, something to gain

If you find the prospect of reclaiming PPI a daunting task, or fear having to complete lengthy questionnaires and having to deal with indifferent providers, then don’t worry – contact one of our team – we can usually give a quick answer as to whether there is a valid claim for PPI repayment. Even if you can’t find your policy documentation, it is not necessarily a lost cause as somewhere along the paper trail there will be payment and transfer records to help






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BulletpointsAverage claim value £2500

BulletpointsNo Win – No Fee* PPI Claims

BulletpointsNo Upfront Fee's

BulletpointsOn average our PPI claims take 12 weeks

BulletpointsCompetitive 20% inclusive of VAT Success Fee

BulletpointsProven track record* for all PPI claims


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Congratulations! You're one step closer to receiving your compensation for mis–sold Payment Protection Insurance.


If all details look OK you will receive a Claim Pack through the post, usually within 48 hours. If there are any issues we need to discuss one of our advisors will call you.


Either way you need to return your Pack as quickly as possible to prevent any delays with your claim!