How can I make PPI claims for compensation?
You may have heard about the recent uproar over mis-sold PPI.
Claims for compensation have skyrocketed as the Financial Services
Authority has begun to take action against banks, credit card
suppliers and mortgage companies who have routinely sold their
customers insurance they might not be able to use and, in some
cases, might not even know they are paying for. But what is PPI,
and how can you tell if you are eligible to make claims for
compensation?
PPI - or Payment Protection Insurance - is an insurance policy
which is meant to ensure that you can keep up repayments on a loan
even if you were to lose your job or encounter any other unexpected
reduction of income. But many people who have ended up in just that
situation have had their PPI claims denied and found out that the
insurance never actually covered them in the first place.
For example, if you suffered from an existing illness -
including ailments such as stress and backache - when you took out
the loan, your PPI claims would never pay out. You should not have
been offered the insurance in the first place. There are many other
reasons for PPI claims being rejected, and a number of people don't
even realise that they are paying for it in the first place!
There is good news, however. Due to recent public awareness of
mis-sold PPI, claims for compensation have become commonplace - the
FSA has estimated the average payout for a consumer who was
mis-sold PPI to be just over £1,500. If you would like to get
compensation for your PPI, Claims Financial can help.
Operating on a No Win No Fee* basis, and working to reclaim
unfair credit card charges and compensation for mis-sold PPI,
Claims Financial can handle your case from start to finish. Just
fill in your information in the adjacent form and we will be in
touch with you shortly. Don't pay for insurance you don't want or
need - make your PPI
claims 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