Payment Protection Insurance Claims
Have You Had Payment Protection Insurance? No win no fee*, we charge just 15% if your claim is a success
Wonder if You Have Been Mis Sold and Want To Claim It Back?
Here at paymentprotectioninsuranceclaims247.co.uk our advisors are specialists in claiming back protection insurance for those who have been mis sold PPI.
How Do I Know If I Have Been Unfairly Sold Payment Protection Insurance?
One Good way to clarify whether or not you have been mis sold payment protection insurance is to contact a third party advisor who specialises in payment protection insurance claims.
Our third party claims experts can investigate your PPI Claim for you to ascertain whether or not there is a valid case that is worth pursuing, or whether or not the claim is invalid.
Another thing that we recommend is that you have your paperwork as ready as possible for when you make contact with our claims advisors.
How Can I Start A Protection Insurance Claim?
One Simple way to begin a claim is to complete the ppi claim form to the upper right hand side of the page, once you send us your details, we can then begin proceedings to investigate your claim (if there are grounds to make a PPI Claim).
One recommendation we make is that even if you are unsure about whether or not you have a valid complaint, you should contact us regardless because it is done on a no win no fee basis, and you only pay on success so there is little expenditure.
How Likely Am I To Receive Compensation?
The likelihood that your claim will be a success depends on a number of factors, the details of which we can only work out with further investigation, they are as follows:
1. Firstly whether or not your financial arrangements actually have an attached PPI policy, if your loans, credit cards or mortgages dont actually have payment insurance then there is little point in pursuing the case, however it is still worth checking with claims specialists, you can contact us by completing our ppi claim form to the top right of the page.
2. The age of the PPI Policy is also a factor, but not as much as you might think, we can claim back ppi on agreements that are up to 12 years old.
3. Let us help. If you feel you have been mis sold PPI in the last 12 years, get in touch either by filling out the form on the right. Our friendly team will quickly work out whether you have a case. If you have, there is an excellent chance that you will get back all your premiums plus interest.
How Quickly Will My Protection Insurance Claim Complete?
Depends on several factors, how forthcoming you are with the information, how quickly you submit your details for investigation, whether or not you actually have PPI on your agreements, and other factors.
The best way to maximise your chances of success is to act quickly to get your information to us so that we can proceed with your case and reach a conclusion ASAP.
To Begin your payment protection insurance claim, submit your details to the “Request a PPI Refund” form at the upper right hand section of the page.
What is Payment Protection Insurance?
Payment protection insurance that is a form of insurance that is intended to protect the borrower/credit reciever in the event that they are unable to make their payments to a given financial agreement due to a number of potential circumstances that may occur.
It does this by paying the actual payments in the event that there is an unforseen difficulty.
Payment Protection Insurance is one of the most mis sold financial products of recent years, and the recent Judicial Ruling means that any particular PPI Policy that has been mis sold, needs to be compensated.
What Was The Judicial Ruling?
The Judicial Ruling was the courts’ ruling in May 2011 that states that any ppi policy that has been miss sold, and is found to be miss sold should have the policy, plus interest refunded to the consumer.
It was a ruling that was decided by the financial ombudsman in the month of May 2011.
What is the definition of ppi? (Payment Protection Insurance)
“PPI” Short for “Payment protection insurance” is a type of insurance that aims to protect the person taking out the policy, in case there is ever such a circumstance whereby the individual cannot make their repayments.
This is done by applying additional insurance charges to a financial policy/credit agreement.
Payment protection insurance, in principal is a useful form of protective financial backup, however the issues with ppi as a product, are more around the fact that in many cases it has been miss sold to people.
It is a policy that is most commonly attached to loans and mortgages, but is also featured on certain credit cards and even store cards in some cases.
What Exactly Constitutes “Miss Sold PPI?”
Basically, if ppi has been sold in a situation where it was unnecessary or in an environment where the individual was unaware that they have taken on the policy then it could be considered miss sold, however there are a number of ways that ppi has been miss sold and this is why it is a good idea to make contact with a claims adviser because they can investigate your complaint on a “no win no fee”* basis for you, with a low fee of 15% if the claim is a success.
To make contact with an adviser, simply request a refund at the upper right hand section of the page.
What is the average compensation payout on PPI Claims?
PPI claims can payout at many different amounts, this will depend on several factors but the two primary factors surrounding the average ppi payout are:
1/ The amount of money paid into the ppi policy and for how long (this is generally reimbursed with an interest rate of 8%)
2/ The size of the loan/financial arrangement because this will have had a bearing on the size of the insurance policy, because payment protection insurance is designed to protect the consumer against the repayments in the even that they cannot pay them.