PPI Claims

PPI Claims

So far it is said that over four million people have claimed back the fees they have paid for mis sold payment protection insurance (PPI) policies, and many more are set to do so. In what has been called the biggest UK banking scandal of all time the average payout has so far been around £2,750. If you have taken out a mortgage, a loan or a credit card – or any form of credit – you could have been paying mis-sold PPI fees. At PPI Claims Advice Line have already helped many thousands of people claim back money that is rightfully theirs, and we can help you do the same.

We are not like other PPI claims companies in that we try and help you claim back any unfair credit card charges that you may have incurred, as well as getting your mis sold PPI fees refunded. There has never been a better time to claim, and it has never been easier: all you have to do is fill in the online form – it will take you just a few minutes – and we will call you back at your convenience.

Why you should use PPI Claims Advice Line

As we have gained experience in the PPI claims world so we have learned that many people are not certain that using a claims management company is the right way to claim. We are happy to tell you that you can make a PPI reclaim on your own, but we are confident that by using our expert services we can make the entire process less stressful and easier, and while we get on with the job of claiming back your money for you, you can carry on with your daily routine.

Here are some reasons why we believe you should use us:

1: We have a team of SPECIALIST PPI CLAIMS SOLICITORS who are committed to making sure your claim receives the individual attention it needs and deserves.

2: We do not charge UPFRONT FEES as we believe our job is to help you get back what is rightfully yours. We consider upfront fees to be unethical and unfair.

3: Our NO WIN NO FEE deal is there to ensure you that you will not be asked to pay in the event your PPI compensation claim is unsuccessful.

4: There are no HIDDEN EXTRAS; we will even foot the bill for claiming the relevant paperwork from your lenders if you cannot find the original.

5: Our charges are clear and simple: YOU PAY 25% + VAT on any funds we recover for you – no more – and we only charge you when we have completed the claim.

6: We treat each and every customer as an individual, an all are allocated a DEDICATED CASE HANDLER who will keep you informed of progress during the PPI reclaim process. There is no hanging around on the phone waiting to be put through to the right person!

PPI Claims Advice Line has so far made successful claims for mis sold PPI fees for many thousands of customers, and we have been handling claims since the scandal began. We work within the strict guidelines set by the Ministry of Justice, and are confident that our customer service is to the highest standard.

YOU WILL NEVER RECEIVE A COLD CALL FROM US AND

WE WILL NEVER ASK YOU TO PAY IN ADVANCE FOR MAKING A CLAIM

Everything you should know about Payment Protection Insurance

As with all financial products and insurance policies there is plenty of scope for confusion; the use of industry-specific jargon keeps consumers in the dark and makes things appear more complex than they are. Let’s have a look at the PPI scandal in simple terms.

The Origins of the PPI Scandal

The mis sold PPI scandal first came to light back in 2005 when the Financial Services Authority (FSA) launched an investigation into allegations of mis-selling in the financial sector. It was discovered that mis-selling of Payment Protection Insurance was widespread. In 2007 the authorities levied heavy fines on the guilty parties, and rewrote the regulations. In 2009 it was deemed unlawful for banks to sell single rate PPI policies, and this was followed in 2011 by a High Court ruling that agreed with the FSA, leading to the situation we have now.

PPI Provisions and Fines Explained

Having been ordered to pay back fees on mis-sold PPI policies the banks were forced to put aside great deals of money to cover the expected rush of claims. So far the collective lenders are estimated to have allocated more than £13billion to cover the costs, with the biggest contributor being the Lloyds Banking Group whose total so far is more than £5billion. Many lenders have been heavily fined for mis-selling PPI, and this includes retailers as well as lenders. The fact is that anyone who has been mis-sold PPI has a right to claim PPI refunds of all the fees on the policy, and the consumer can choose to use professionals who offer expertise in the claims world, or they can undertake the claim alone.

How Much Might you be Owed?

This depends entirely on the individual circumstances of the individual, and the length, size and type of the loan. For the record, the average payout at the time of writing is around £2,750, although there has been at least one that was in excess of £15,000.

If you wish you can find an online PPI Calculator that will give you a rough idea of your possible payout. All advice is free of charge and there is no added pressure.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>