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PPI – Euro gloom drives worried consumers to seek protection

The payment protection insurance (PPI) scandal in the UK has meant consumers now steer well clear of anything that sounds even remotely like PPI. Although millions of Britons were cheated outrageously for years, mainland Europe consumers, in the wake of the present Euro crisis are desperately seeking some form of payment protection: in the belief that with such a policy, if things get much worse, they‘ll have a safety net, their loved ones will be protected…well, lets hope they fair a bit better than we did!

Recently released figures confirm that across 20 European countries, PPI policy premiums accounted for around €10.84 billion gross in 2011, this is slightly down on €10.91 billion in 2007.

So what now, one may ask…is that the end of PPI! Surely people won’t touch it with a bargepole now?  The answer is, of course not. Despite the bad publicity surrounding payment protection insurance; it’s an excellent product that has definitely got a place in the scheme of personal finances, it just has to be sold correctly; it does not suit everyone, and its validity is subject to very specific criteria. Not everyone is eligible, but the vast majority probably would be.

Trust in our banking institution is at rock bottom and it is essential that they, together with protection providers, embrace the challenges ahead to restore public confidence in them, and in protection products - particularly payment protection insurance and mortgage payment protection insurance.

Thousands of cases have recently surfaced thanks to a growing awareness surrounding the whole issue: it’s hardly been off the television screen for the last year or two. As a result of the publicity people now have the facts; people now have greater resources with which to determine whether they have a genuine PPI claim.

If you have a loan, or have had one over the last few years, the chances are that you will be aware of payment protection insurance. In the past, banks were very keen to point out the benefits or necessity of taking out a PPI policy.

Under specific circumstances, PPI has undoubted benefits; but it is not suitable for everyone. If you feel that you entered into PPI without all the facts, or have never questioned whether it was a necessary part of your repayment plan, then you may be entitled to make a claim.

Thousands of people are discovering hidden bank charges that they have been paying on policies, from which there is no chance they would ever be able ever claim payment protection.

PPI is quite a complex financial area. PPI policies carry specific conditions and exemptions, and so should be studied carefully to determine eligibility rules. Did you know how these conditions applied to you when discussing and before agreeing on the policy? Many people did not, and that’s where you were let down. If any of this sounds familiar then it sounds like you need advice. But do choose the source of that Many people were told PPI was compulsory – it wasn’t, and isn’t - this is mis-selling! Tens of thousands of self-employed, unemployed, retired, and those with medical conditions, have all been duped by unscrupulous sales staff. This highly lucrative and profitable little earner meant huge commissions and incentive bonuses to banks and the other providers. But as with most scams, there’s only so mileage in it…cannot last forever, hence the “lets fill our boots, while we can” attitude.

Many people were sold payment protection insurance when there was no chance they would ever be able to make a claim.  PPI policies varied from provider to provider, which just served to further complicate matters and confuse – couple this with underhand and dishonest selling techniques – and you end up with a great many people owed money, people from all walks of life. No one was exempt from this scam, all were fair game; young, old, servicemen and women, anybody!

Anyone who suspects they may have been mis sold payment protection insurance should delay no longer, now is the time to claim back PPI. This is not a complicated process; just give one of our team a call and we will quickly help establish if there is money due to you. You’ll get an honest answer, one way or another.






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BulletpointsAverage claim value £2500

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BulletpointsNo Upfront Fee's

BulletpointsOn average our PPI claims take 12 weeks

BulletpointsCompetitive 20% inclusive of VAT Success Fee

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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!