- Credit Card PPI Claim
Credit Card PPI Claim
Were you mis-sold PPI on your credit card?
Do you have a credit card? Did you know that you could be owed thousands by your credit card provider?
Payment Protection Insurance or PPI is a type of insurance cover often offered alongside all kinds of financial loan products, including credit cards.
The intent of PPI is to protect your ability to continue making credit card payments if you should suffer from an unexpected drop in income - for example, through job loss or serious injury.
Unfortunately, very few credit card PPI policies ever pay out, and in most cases they have been mis-sold to customers who couldn't even use them in the first place. In some cases, customers had PPI added to their agreement without their knowledge.
Research by Which? in 2008 showed that 32% of those who applied for a credit card were under the impression that taking out a PPI policy improved their chances of being approved. This is certainly not the case.
Credit card companies did very little to dispel this confusion, with many of them using pressure selling tactics and encouraging people to take out useless and expensive policies.
The banks have had to set aside billions of pounds in preparation for the sheer number (millions) of people who are eligible to claim back from a mis-sold PPI policy.
Banks have had to accept liability and must be careful how they handle claims cases. Now that the FSA has ruled against them, they have no choice but to
There are many, many cases of credit card PPI mis-selling and it does not take long to find out if you were a victim. It could be very worthwhile in the long run.
If you ended up taking out a PPI policy for any number of reasons, including because you were misled by a broker, or had it added to your credit card agreement without your knowledge, you can reclaim your PPI premiums.
Our Grounds for PPI Compensation page explains a variety of reasons and situations where credit card PPI was mis-sold to you - it may well turn out that you were not eligible for a PPI policy in the first place and should never have been sold it.
Start your claim here
We are now working with IQ Law as our preferred partner for all new PPI cases. Please fill in the form below to get a claims pack from IQ Law. When you use this form your information will be shared with IQ Law.
We claimed £27,347,402 in 2012 *** Average payout £2,504.76
I would like to thank you sincerely for all the work you have done in all my claims. Your hard work is very much appreciated, and I shall not hesitate in recommending your services to all of my family and friends.
I just had to put pen to paper and write to say I'm more than delighted with my settlement that you won me back from my PPI I had with Lloyds TSB. The Claim Forms were simple to fill in. It was a breeze.
Mr R Evans