PPI Claims

Get Back Mis Sold PPI Fees with PPI Claims UK

So far more than four million people have claimed – or are currently claiming – payment protection insurance (PPI) refunds after the banks were told to pay back mis sold fees, and many more are likely to do so. If you have taken out a mortgage, a loan or credit card, or any form of credit agreement in the last few years you may be entitled to a refund. At PPI Claims UK we have already helped many thousands of people claim back their fees, and we can help you to do the same.

There is another reason why you should use us: in addition to chasing your PPI refund, we also try and claim back any charges on credit cards that are deemed to have been unfair, over the previous six years, something that other claims companies may not do. We have also made it easier than ever to make a PPI reclaim.

Why PPI Claims UK should be your Choice

We have plenty of experience in the field of PPI claims, and we have also learned that many people may be reluctant to get involved with claims management companies. Of course, you can make your claim without our assistance, but we believe our knowledge of the system makes thins much easier for our clients, and we aim to remove the stress that can be involved in the legal side of making a PPI claim.

These are further reasons we think are beneficial to our clients:

1: Our team of SPECIALIST PPI CLAIMS SOLICITORS is on hand to help make your claim as stress-free and simple as possible.

2: We do not charge UPFRONT FEES – we believe this to be unethical and unfair.

3: Our NO WIN NO FEE package ensures you will not be billed if we are unsuccessful.

4: There are no HIDDEN EXTRAS and we are even happy to pay for any missing paperwork that may be required for your claim.

5: Our charges are simple: YOU PAY 25% + VAT on what is recovered and that is all.

6: Each customer is allocated a DEDICATED CASE HANDLER in order that they can be kept up to date with progress at all times.

Our experience of PPI claims is extensive and reaches back to the very origins of the scandal, and we assure you that we work within the guidelines laid down by the Ministry of Justice. Our customer service is of 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

PPI in Simple Terms

As with many areas of consumer finance the PPI saga comes with a lot of baggage in terms of industry-specific jargon, and this can be off-putting for anyone looking to make a claim. Below, we explain all you need to know in simple terms.

The Origins of the PPI Claims Saga

In 2005 the Financial Services Authority took the opportunity to investigate a number of complaints regarding alleged mis-selling of PPI, and discovered that the practice of selling payment protection insurance without recourse to the regulations was commonplace. As a result the rules were rewritten and a number of lenders heavily fined. In 2011 the High Court passed a ruling that all fees relating to mis-sold PPI policies must be repaid, hence the situation we are in today.

Mis Sold PPI Provisions

As a result of the High Court ruling the banks – and many other lenders – were forced to put aside as much as £17billion to cover the cost of repaying wronged customers, and many within the industry believe the final cost to the industry will be greater than £25million. Lloyds Banking Group has had to find £7billion alone to repay its mis sold customers. If you have been mis sold PPI you have a right to claim back all fees on the policy, with interest and compensation added, and it is your choice whether you use professional help or make the claim yourself.

How Much Might my PPI Refund Be?

Every PPI claim is an individual case, and the amount you may be awarded depends on several factors. These include the amount, length and type of the loan involved, and the terms. The average payment so far has been around £3000, but there is at least one example that amounted to greater than £50,000.