Claims for PPI - Reclaim Payment Protection Online Today!
This site explains how you can make a claim for a refund of Payment protection insurance.
Payment protection insurance
Payment protection insurance, or ‘PPI’, is insurance sold in association with many types of financial products. It was sold by various methods, including face to face, via the internet, over the telephone or by mail shot. The idea was that, in the event of sickness or redundancy, PPI would take care of your loan, mortgage, credit card or car finance payments.
Background
Concerns regarding the sale of PPI were first raised in the 1990’s. However, it was not until the middle of the following decade that the matter was taken seriously.
In January 2005, the Financial Services Authority, or ‘FSA’ commenced regulation of all sales of PPI. Over the course of the following six years, it issued numerous fines to lenders for not treating customers fairly.
In August 2010, the FSA issued its controversial handbook on PPI, which was due to be implemented by firms by December 2010. The banks initially challenged the measures by way of judicial review, but withdrew their action in May 2011. This paved the way for thousands of customers to reclaim mis-sold PPI premiums.
Mortgages
Do you have Payment Protection Insurance on your mortgage? (MPPI) If you do you're likely to be able to reclaim due to so much PPI on mortgages being mis-sold. Many mortgage advisor's simply did not understand their clients requirements properly and used PPI entirely for profit.
Personal loans
If you have had a loan in the past 10 years you may have been mis-sold personal loan PPI. On a loan many of our clients receive thousands back in mis-sold PPI. Click the reclaim button below to learn more about how to go about reclaiming your money.
Credit Cards
The Credit Card PPI industry is massive. With over 10 million people being sold Payment Protection Insurance on their credit card policy it has left over 1 million customers mis-sold. If you're one of over a million people you can reclaim the money which is rightfully yours.
Car loans
Many high street banks and loan companies have sold PPI policies with car loans. This means in the last 10 years there has been a huge amount of people mis-sold PPI alongside their car loan. Most people believed that the PPI was part of the loan or compulsory - or taking it it affected your approval rate in a positive manner.