PPI Claim sizes
How much is your claim?
PPI does not come cheap. As the table shows, PPI premiums paid
by consumers represent anything from 13 per cent to a staggering 56
per cent of the amount loaned. It is common for PPI on loan
agreements to be paid for by a one off premium included in the loan
itself and for interest to be charged on PPI premiums.
PPI premiums as proportion of loan: cases reported by Breaux.
The table below should give you a rough idea:
| |
Loan Type
|
|
Loan
amount
|
|
PPI
premium
|
|
Premium as a
percentage
of total loan
|
| |
Unsecured
personal loan
|
|
£8,993
|
|
£2,217
|
|
25%
|
| |
Unsecured
personal loan
|
|
£11,000
|
|
£5,133
|
|
47%
|
| |
Hire purchase
for car
|
|
£5,059
|
|
£2,157
|
|
43%
|
| |
Hire purchase
for care
|
|
£6,895
|
|
£2,317
|
|
34%
|
| |
Unsecured
loan
|
|
£5,600
|
|
£744
|
|
13%
|
| |
Secured
loan
|
|
£25,000
|
|
£12,127
|
|
49%
|
| |
Secured
loan
|
|
£35,000
|
|
£10,150
|
|
29%
|
| |
Conditional
sale for car
|
|
£4,300
|
|
£2,394
|
|
56%
|
| |
Unsecured
personal loan
|
|
£13,000
|
|
£3,367
|
|
26%
|
You get the picture - it is incredibly expensive and there is a
likelihood that you have been mis-sold. You may have been the
victim of a hungry salesman.
Get your money back today.
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