So far we have helped many people make successful PPI reclaim cases for mis sold policies,and it is your right to claim if you have been wrongly sold a policy. Many banks and other high street lenders have been found guilty of selling payment protection insurance (PPI) in a manner that did not fall within the prescribed regulations. As a result, the rules have been revised, and heavy fines levied on the perpetrators. With an industry average repayment, so far, of £2750, and many billions set aside by the lenders to repay mis sold policies, many people have yet to make a claim, and it has never been easier to do so.
What is PPI?
Payment protection insurance (PPI) is insurance that is intended to keep up the monthly repayments on a loan, mortgage or credit agreement in the event of involuntary redundancy. The payments will continue, in a standard policy, for a year or sometimes two. It is worth bearing in mind that you may have more than one PPI policy – for instance, one applied to your mortgage, and another on a loan – so you may be able to claim on all of them.
Can I Claim Back my PPI Charges?
If you can prove that you were mis sold a policy then you have a right to make a PPI reclaimto claim back charges on that policy. PPI was mis sold in a number of ways: some people – the already-retired and self employed, for example – were sold policies that would never have applied to them, others were not told they were buying such a policy, and many more were not given a chance to seek their own, better priced, policy, and were simply sold the one on offer from the lender with no option. These are all valid instances of mis sold payment protection insurance policies.
How to Claim Back PPI
We can help you make a successful PPI reclaim by putting you in touch with our team of experienced claims handlers, and will help you make a claim on a no win no fee basis. This means you will not have to pay if your claim is not successful. We have already helped many people make successful claims for PPI compensation and, with our experience in the field, we are sure we can help you through a stressful time with the greatest of ease.