PPI: Are you due £££s?
You might be entitled to as much as £2,000
Did you know that you might be entitled to a refund on your Payment Protection Insurance (PPI)? Here what’s you need to know...
Why should I claim?
- You might be eligible for compensation worth over £1,000
- It’s no hassle to claim, and it’s very simple
- You don’t have to pay anything upfront to do so
- It might only take a few weeks, start to finish, to process your claim
Am I entitled to claim?
Quite possibly. If you’ve been sold Payment Protection Insurance (PPI), or have taken out a loan in the past 10 years, then you may be eligible.
Also, you may have been sold Payment Protection Insurance without even realising it. And the Competition Commission ruling means that even older insurance agreements may qualify.
What’s this all about?
The banking industry has been selling Payment Protection Insurance onto the likes of loans for many, many years. However, in April 2011, the Competition Commission ruled that banks had been widely mis-selling Payment Protection Insurance, which in turn has opened up the banking industry to potentially billions of pounds in compensation claims. And you might be eligible.
Around 20 million PPI policies have been sold by the banks, and that means around £8bn is owed in refunds to customers.
So why should I bother claiming?
- If you don’t get your money back, you don’t have to pay a penny
- You won’t even need to have a copy of your PPI agreement to be able to claim
- It might take just a month to get you your money back
- The largest claim to date has resulted in compensation of over £30,000. The average is near £2,000
