Can I claim Payment Protection Insurance compensation?
Payment Protection Insurance is NOT always necessary, despite
what unscrupulous financial institutions might claim. Payment
Protection Insurance, or PPI, is an insurance policy which covers
repayments if you should suffer an unexpected loss of income. So
what exactly is the problem causing thousands of people to claim
Payment Protection Insurance premiums back from their bank,
mortgage company or credit card supplier?
First of all, many people are sold Payment Protection Insurance
without having it properly explained, being told of the cost or
knowing that it's being added on at all. Some institutions even
claim Payment Protection Insurance is a necessary part of taking
out the loan - rather than what it is, an optional insurance
policy. If you were misinformed about your PPI, you may be entitled
to claim Payment Protection Insurance compensation.
Secondly, many people to whom it has been sold would not
actually be able to claim Payment Protection Insurance even if
their income did drop. The policies don't cover people who took out
the loan while unemployed or working under 16 hours a week,
suffering from a pre-existing illness, aged under 18 or over 65,
and many other exceptions. If you were sold PPI while in any of
these situations, you too have a right to claim Payment Protection
Insurance premiums back from your lender.
But how do you claim Payment Protection Insurance compensation?
That's where Claims Financial comes in. Operating on a No Win No
Fee basis, our expert claims company deals with your bank, mortgage
company or credit card provider on your behalf to get you back the
money you're owed.
To start your claim today, just fill in the form on the right.
With the FSA estimating the average PPI compensation claim at
around £1.5k, can you afford not to?
Claims Financial
"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 11 Nov 2010