If you have been reading the papers or watching the news you will undoubtedly be aware of the payment protection insurance scandal, but how do you know if you can make a claim? So far over four million people have successfully claimed, or have applied for, PPI compensation and there is no indication that the saga is drawing to a close. The banks have been ordered to put aside money for repayment of mis-sold policies, and anyone who is not claiming may be missing out on an average payout of £2750. Let’s explain things a little better.
Payment protection insurance is an insurance policy that you may have been sold if you took out a loan or mortgage. The policy is designed to keep up the repayments on a loan or mortgage in the event of involuntary redundancy. All would have been well had it not been discovered that lenders were routinely flouting the regulations when selling such policies. To start your PPI compensation claim today or to find out more about claiming compensation, simply fill out the form above or give us a call for free on 0800 840 7292 and speak with one of our advisers.
What is Mis-sold PPI?
A number of complaints were investigated by the powers that be, and it was discovered that irregular selling of payment protection insurance (PPI) was widespread. Indeed, such was the regularity of mis-sol policies that the regulators fined many high street lenders and were forced to rewrite the regulations. As a result, it is now against the law to sell PPI at the point of sale of a loan. There are many different incidences in which you can claim back PPI costs and it pays to use an expert to give you the best advice.
Getting Your PPI Compensation Claim Underway
A solicitor with expertise in PPI compensation claims will help you to find out if you can make a claim, and will also give you the best chance of success. Look for a no win, no fee deal and offers of 100% compensation, and make sure you are using an expert with a track record of successful claims. To start your payment protection insurance claim today or to find out more about claiming compensation, simply fill out the form above or give us a call for free on 0800 840 7292 and speak with one of our advisers.