Here at iSmart, we want to give you the chance to reclaim mis-sold PPI. The average compensation amounts for successful claims are approximately £3750* per customer (correct at 31st Dec 2012).
If PPI was sold to you following misinformation or without your knowledge,
then you could be eligible to reclaim the money you were charged.
What are reclaims?
A PPI reclaim is the process by which you can obtain compensation for the money which you would have paid for the insurance. Here at iSmart, we can assist you with this process to ensure you get the money which you are entitled to.
Essentially, you could have been paying thousands of pounds for cover that could be worthless.
PPI was designed to meet the repayments of the finance it was sold alongside,
in the event of you becoming sick or suffering an accident and being unable to work.
If you were retired, unemployed or self employed when you applied for a loan or credit agreement and were sold PPI alongside it then you have even better chances to reclaim these charges.
Can I make a reclaim?
You could have been mis-sold PPI and could be eligible to reclaim if:
- The salesperson didn't make it clear PPI was optional
- The salesperson implied you would have a better chance of being accepted for the loan or credit card if you took out a PPI policy
- The salesperson implied the loan would be more expensive if you didn't take out PPI
- The salesperson was very pushy when selling PPI to the point that you felt like you couldn't say no
- You weren't allowed to continue with the loan application unless you signed an agreement for PPI as well
- You already had another form of insurance cover for your payments, which the salesperson knew about but still insisted you obtain PPI
- You had a joint loan but were only sold insurance cover for one person
- You were self-employed, unemployed or retired when you took the insurance out
- The salesperson was aware that you had a pre-existing medical condition but still sold you the policy
Call us in confidence for free advice on
0800 043 9243