The PPI scandal, the biggest to have hit the UK financial market in history, has so far seen over four million people make claims for mis sold PPI charges. If you have taken out a loan, a mortgage or any other form of credit agreement recently you may be entitled to claim back the fees on your PPI policy. The average payment so far is around £2,750, but some have been considerably higher. At the PPI Claims Company we have made many thousands of successful claims for our clients, and you could also benefit from our expertise.
In addition, we will also help you to claim back unfair credit card charges that you may have incurred over the last six years. Not every claims company makes this offer, and it is one of the many things that we believe makes us stand out in the crowd. To begin, fill in the simple form that you can see online and we will call you back. If you prefer you can call us on 0800 840 7291 and one of our specialist claims advisers will help you with any questions and get your claim underway.
Reasons for Using the PPI Claims Company
As we have gained experience across the years we have become aware that many people are not sure about using a claims management company to recover PPI fees. Of course, we are happy to assure you that the process can be undertaken on your own, but we have reason to believe our expertise and experience in this area of the law has many benefits. Put simply, we tackle the legal angle, and you get on with your life as usual.
Here are some reasons why we believe you should use our services:
- Our team of SPECIALIST PPI CLAIMS SOLICITORS offers experience and knowledge and is dedicated to getting your money back.
- Our NO WIN NO FEE deal offers you the assurance that you will not be asked to pay a fee if we are not successful with your claim.
- There are NO UPFRONT FEES; we simply endeavour to get back your mis sold PPI fees in the correct manner.
- There are NO HIDDEN EXTRAS and we will even pay for copies of all paperwork from your lender if required.
- We understand that all of our clients are individuals, and each is assigned a DEDICATED CASE HANDLER whose job it is to keep you informed of progress during the claims progress, without any delays.
PPI Claims Company has so far made successful claims for many thousands of customers, and having been in the business since the saga first came to light we are perfectly placed to handle your claim. Rest assured that we work entirely within the strict guidelines set by the Ministry of Justice, and take pride in our high standards of customer service.
YOU WILL NEVER RECEIVE A COLD CALL FROM US AND
WE WILL NEVER ASK YOU TO PAY IN ADVANCE FOR MAKING A CLAIM
All You Need to Know about Payment Protection Insurance
PPI is actually quite a simple concept, yet the terms and language that are often associated with it can be confusing. Let’s have a look at the payment protection insurance scandal and what it is all about.
The Origins of the PPI Scandal
The mis sold PPI scandal arose when the Financial Services Authority (FSA) acted upon a number of complaints from customers in 2005. An investigation was carried out that uncovered widespread mis-selling of PPI. The result was a major revision of the rules in 2007, and fines for the perpetrators. Following this, in 2009 it was deemed unlawful for lenders to sell single rate PPI policies, and finally in 2011 the High Court agreed that lenders would be obliged to pay back fees on mis sold policies, allowing millions of borrowers to reclaim their mis sold PPI premiums.
PPI Provisions and Fines Explained
After the High Court ruling the banks – and other lenders – were forced to set aside funds for paying back mis sold PPI fees. The estimate is that they have so far allowed, collectively, for £13billion to be allocated for repayments. Lloyds Banking Group is the biggest contributor, with more than £5billion set aside so far. Anybody who has been paying into a mis-sold PPI policy therefore has a right to make a claim for those fees, and it is up to the consumer whether they choose to make the claim themselves, or whether they use a professional company to do the job for them.
How Much Will a Payment Be?
The average payment for a PPI refund, at the moment stands at around £2,750, yet we are aware of at least one that was for in excess of £15,000! The amount depends on the individual case, the length of the loan and a number of other factors.
Many people use an online PPI Calculator to get an estimate of their probable payout, but if you call us on 0800 840 7291 and talk to one of our expert advisers we will be able to give you a more accurate estimate, free of charge and with no pressure to use our services.
