Payment Protection Insurance Claims or PPI Claim

On May 15, 2010, in News, by Lewis Alexander
  • Are you a victim of miss-sold PPI?
  • Could you be entitled to reclaim Payment Protection Insurance on your credit cards & loans?
  • If you have or have had a credit card or loan or other type of personal credit agreement with payment protection insurance in the last 6 years, you could make a claim!

These adverts and catch lines are all very familiar when searching the internet for information regarding a Payment Protection Insurance Claim or PPI claims as they are known in short.

Companies will offer you the possibility of being able to make a claim for PPI miss-selling, this is when you have paid for payment protection insurance on a loan or credit card and did not ask for it etc.  There are a number of legal reasons why people are able to reclaim the fees they have paid out on Payment Protection Insurance and claims companies will do this work for you for a fee.

The fees that PPI Claim companies charge can vary and some are very high and some are reasonable, it is hard to find reputable companies that specialise in this sector as a great number are just enquiry generators who do not actually do the work for you.

  • There should be no upfront fees charged by a company to review a PPI Claim!

Certain well known high street lenders have suffered massive fines from the authorities for misselling Payment Protection Insurance and the amount of money being claimed back by individuals is also very high.

  • Payment Protection Insurance in itself is not something that does not work, It does!

PPI will cover you for repayments of personal credit agreements should you fall sick, become unemployed or simply have an accident.  These payments are usually met by the insurance company for up to one year.

From the FSA Financial Services Authority to the FOS Financial Ombudsman Service, these PPI companies have been fined, warned and reprimanded.

The finance companies make a lot of money from the add-on products such as PPI; this is where they make most of the profit from in the sale to you.

If you think you have a genuine claim for being miss-sold Payment Protection Insurance contact one of our advisors today in absolute confidence and we will help you to understand the process involved in making a PPI Claim.

Call Free today using 0800 018 6868

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