Am I eligible for PPI?

If you have taken out finance in the last ten years, be it a credit card, store card, personal loan or car finance and can answer “yes” to any of the following statements, you may have been mis-sold PPI and could be eligible for PPI compensation. Answering “yes” to any of the following questions will determine whether you are eligible for a PPI refund.

Did the salesperson add PPI to your loan or credit card without you requesting the cover?
If answering “yes”, the salesperson more than likely was trying to achieve sales targets and was using unscrupulous methods to do so. As a way of getting you to agree to the insurance, they may have described the loan or credit card as “protected” or indeed may have just failed to mention the insurance at all, either way you were mis-sold PPI and are eligible for a PPI refund.

Was it implied that taking out a PPI policy was compulsory or by taking it your chances of obtaining finance would be increased?
If answering “yes” to this question, the salesperson selling the policy to you was either mis-informed or poorly trained or merely using an unscrupulous sales technique, again either way you were mis-sold PPI and are eligible for PPI compensation.

Did the salesperson fail to inform you PPI was optional or that cheaper cover could be purchased elsewhere?
It should have been explained to you by the salesperson that PPI isn't mandatory and that it can be purchased from outlets other than that of the lender, if they didn't you were possibly mis-sold PPI and could be eligible to have your PPI charges refunded.

Were the policy exclusions, such a stress related illness and back problems, not explained to you?
When purchasing insurance, policy exclusions should be fully explained to you either verbally or as part of the written policy, if not you were mis-sold PPI and are eligible to have a PPI refund. Often when PPI was sold over the telephone, the salesperson neglected to cover all of the exclusions before finalising the sale.

At the time of taking out the cover were you self-employed, unemployed or retired?
If yes, no PPI policies exist where you would be eligible to make a claim so you were mis-sold PPI and will be able to receive PPI compensation.

Did you have a medical condition or an illness when you took out the cover, that could have kept you from working?
If yes you wouldn't have been eligible to claim on the cover so you were mis-sold PPI as it was not fit for purpose. Contact us for a PPI refund.

Did you purchase PPI to cover a long term loan, but the insurance sold to you covered a much shorter period which was not explained to you?
If yes, it should have been explained to you that PPI only usually covers the borrower for a period of 1 – 2 years, an example of why PPI is a product not fit for purpose and an example of mis-sold PPI.

Get back PPI payments
We can help you with PPI compensation. PPI however isn't necessarily a bad product, designed to cover the monthly repayments of finance if the borrower is unable to pay them due to being made redundant or suffering an accident or illness leaving them unable to work, PPI can be ideal for some customers. The problem is not necessarily with the insurance but the way it has been sold. The mis-sale of PPI has often been systematic and it is not just smaller unheard of firms that are guilty, many well-known lenders have been fined for PPI sales failings. Lenders have been known to set their sales staff unrealistic sales targets, to achieve these targets, staff resorted to mis-selling.
You may have been told PPI was compulsory or that by taking it out you would have a better chance of obtaining finance. You may have  been sold PPI even though you wouldn't be able to claim. PPI may have even been added to your finance without your knowledge. All of these examples amount to one thing, mis-sold PPI. However it was done, whatever the motives of the lender, whether it was done through sheer lack of training or done with nothing but sales in mind, it isn't right. We can think smarter and help do something about it, we can reclaim the unfair PPI charges you have received.

How to get compensation for PPI charges
If you have taken out a loan, credit card or obtained any other finance in the last ten years, you could have been mis-sold PPI and could be owed thousands. If you believe you have been wrongly sold PPI, we can think smarter and get you compensation for the unfair PPI charges you have received.
We can reclaim any unfair PPI charges for you immediately. By simply filling out our online application form or by calling us 0800 we can start the reclaim process. Our specialist team will then begin working on recovering any PPI payments you have made.
Compensation for PPI charges is not just limited to loans and credit cards that you currently have. We can also can get you compensation for unfair PPI charges from the past. If you believe you have a claim for on a credit card or loan that has been paid off in the last ten years, we can think smarter and work on recovering any charges you have received for the mis-sold PPI policy on that that finance.
For us to get you mis-sold PPI compensation, you won't pay us any upfront fees what so ever. To get your PPI compensation, we operate on a no win, no fee basis. Should your claim for PPI compensation not be successful, you won't pay us a penny. If your claim is successful, we will charge 25% (exc. VAT) of your PPI refund.