PPI Insurance Refund

Ppi refunds

If you’ve taken out a loan or credit card which was covered by PPI, the chances are your policy has been mis-sold to you and you could be able to claim £1,000s back on your loan insurance, including interest.

What is ppi

Payment protection insurance (PPI), is designed to cover the repayment of loans, credit cards or mortgages in the event of the borrower being unable to work, produces £5 billion worth of premiums for lenders every year. But with thousands of policyholders potentially mis-sold the product - often automatically included without their knowledge - and just 20% of claims paid out, the campaign to reclaim premiums is gathering pace.

Can i get a refund

If, when you took out your loan or credit card, the cost of the PPI element and how it worked was not properly outlined, if you were told you could only take the loan if it included PPI cover, or - as on some internet application forms - the PPI box was pre-ticked, you may have a case. Also, if you didn't have a job when you were sold the policy or were self-employed, then PPI wasn't relevant to you. Simply contact us and arrange a review of the agreements you have entered into. We will check through the small print of the credit card agreements, mortgage deals, unsecured loan agreements and car finance, and payment protection agreements you have signed. Where necessary, we can obtain additional information from the finance house or bank concerned. Our initial review will provide you with a clear, straightforward appraisal of your agreements, and explain the likelihood of a successful claim. You can then decide on your next move.

Useful Links PPI Refunds The Consumer Credit act Credit Card Debts Removed CAB: Daylight Robbery Crackdown on Misselling of PPI - BBC Video