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Is it possible to claim PPI compensation?

If you have any kind of loan, be it with a bank, mortgage company or credit card provider, you may be entitled to make a compensation claim. PPI, or Payment Protection Insurance, has been bundled in with millions of loans, despite most consumers not requesting or requiring it - and in some cases not even being able to use it.

The Financial Services Authority has revealed that systematic mis-selling of these policies has resulted in thousands of people paying premiums for the service even though they would not be able to claim PPI insurance money even if they needed to. There are many situations which make you ineligible for the policies, including long-term illness, working a temporary, contract or part-time job, or being aged below 18 or over 65 when the policy was purchased.

There also a great deal of people who likely wouldn't claim PPI if they needed to - because they aren't even aware they have it. Many financial institutions have simply added the cost of Payment Protection Insurance onto a loan without explaining it or even telling the customer, as well as those borrowers who have been told it was a necessary prerequisite for taking out the loan.

The good news is, if you fall into one of the above categories, you may be entitled to claim PPI compensation. The FSA is taking action against institutions which sell the insurance inappropriately, and many people have already chosen to claim PPI premiums back.

If you need assistance making your claim, PPI compensation experts Claim Financial are here to help. Our expert advisors have enabled thousands of people to claim PPI premiums back from their lender, and you could be next. To start your claim, fill in your details in the form on the right. We're No Win No Fee, so you have nothing to lose.

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"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

Missold PPI

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Claims Financial is a trading name of Everything Legal Ltd. Everything Legal Ltd is a company incorporated in England and Wales and regulated by the Ministry of Justice in respect of regulated claims management activities; its registration is recorded on the website www.claimsregulation.gov.uk - registration number CRM 4757.

* The expression "No Win No Fee" is used in line with the guidelines established by the Committee for Advertising Practices. Clients may be required to pay cancellation charges where a claim is discontinued at the client's request.