Are you entitled to a PPI claim for compensation?
Many people who have been sold Payment Protection Insurance (commonly known as PPI) claim they didn't understand the policy or weren't even aware that they were paying for it - thankfully, they now have the Financial Services Authority to back them up.
The FSA have found that a wide variety of financial institutions - banks, mortgage companies and credit card providers, for example - have mis-sold PPI to thousands of customers.
The institutions selling PPI would claim that it protects you in the event of an unexpected drop of income - the loss of a job, or a long term illness, for example. In the right situation, PPI could certainly be useful for this, but unfortunately, many borrowers who had the insurance would have never be able to make a successful PPI claim, even if they should need to.
For example, if you were under 18 or over 65 when the insurance policy was sold to you, any PPI claim you make would be rejected - nevertheless, many such individuals were sold the policies regardless. This is only one example, and there are a wide variety of circumstances which would invalidate your PPI claim - to find out, visit our Do I Have a Claim page.
The institutions that sold you the PPI policies should have had checks in place to ensure that this kind of PPI mis-selling could never occur, taking into account each individual and their circumstances - sadly, these checks were often not followed as rigourously as they should have been.
If you are one of the thousands of people who have been mis-sold PPI, claim for compensation with Claims Financial today. We handle your mis-sold PPI claim from start to finish, and it's No Win No Fee* so there's no reason to worry.
If you'd like to make a mis-sold PPI claim for compensation, fill out your details in the form on the right, and submit your case for consideration by our financial specialists.
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