FAQ’S
FAQ’s
What is Payment Protection Insurance (PPI)?
PPI is a product sold by credit lenders to provide you with protection should an unforeseen change in your financial circumstances leave you unable to meet the loan repayments. There are clear rules that finance firms and lenders must adhere to when selling PPI policies. If you have taken out a policy and the seller didn’t stick to these rules then you may be entitled to compensation.
Why can I claim back my Payment Protection Insurance Premiums?
Lenders have frequently been misselling PPI policies to their customers. If it was mis-sold to you then you can make a claim to get back the proportion of your monthly loan or credit-card payments that represented the PPI payments, plus interest.
Have I been missold my PPI policy?
There are a variety of circumstances that could mean you have been mis-sold Payment Protection Insurance.
These include but aren’t limited to
- You were out of work or self employed at the time of taking out the policy.
- You were led to believe that you must take out a PPI policy in order to obtain the loan.
- You weren’t made aware that you could choose PPI from a cheaper third party supplier.
- The person who sold you the policy didn’t make you aware of any exclusions that may disqualify you from making a claim.
If any of the above applies to you then you may have a valid claim for compensation.
How can I claim compensation for missold PPI?
To begin claiming compensation for your mis-sold PPI simply complete our online enquiry form.
