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About Payment Protection Insurance (PPI)

There are an estimated 20 million PPI policies in force in the UK generating annual revenues in excess of £5 billion for the insurance companies. PPI is more about providing an additional source of profit for the financial industry than it is about protecting consumers.
PPI is sold to cover the credit payments in the event of illness or job loss and reports have shown that this insurance is often very expensive, miss-sold to people who cannot possibly claim on it (thus defeating the very purpose of having it) and designed to exclude many of the most common situations that can lead to debt problems.
The miss-selling of PPI has been so rampant that many people with PPI don't even know that they have it! It has often been the case where a consumer simply saw an attractive APR and so applied for the loan, only to be told the monthly payments without disclosing that the payments also included PPI.
PPI has been sold across the financial industry in nearly all sectors of the consumer credit market, including mortgages, car loans, hire purchase, personal loans and credit/store cards. So your chances of having been miss-sold PPI are very real, which means that your chances of making a claim for compensation are also very real!

Please note:

1. PPI claims can be made against both existing policies AND those that have expired.
2. However, we can only claim against those PPI policies where:
  a. You took out the credit agreement within the last 6 years.
b. You did not make a successful claim against the policy to help with the monthly payments.

 

The Process

STEP 1

We first need to get a copy of your credit agreement. If you do not have a copy then we can request this for you on your behalf from the lender which will cost you only a £1 (this is what the lender charges). We will also post to you some easy to follow forms which will need completing, these forms are designed to help put together a claim against your lender.

STEP 2

Upon receiving a copy of your credit agreement and the completed forms, we will then pass your case onto one of our panel of specialised solicitors who will then put a case together on your behalf and proceed to fight for your compensation. Please note that there is no upfront fee payable by you. The whole process can take between 3-6 months.

STEP 3

Once your lender concedes the miss-selling of PPI, you will be given your compensation by your solicitor minus our 20% fee. Please note that there is no fee payable by you should the claim be unsuccessful.

STEP 4

Upon a successful PPI claim, if there is also a balance outstanding on the credit agreement, you will then be offered the opportunity to clear the entire debt as well, on the grounds that the credit agreement is unenforceable as it was miss-sold on the back of the PPI miss-selling.

To proceed with your PPI claim, please call our office or request a call back below:

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