How do I know if I have taken out PPI?
The best way to figure out whether or not you have taken out payment protection insurance (ppi) is to check your credit agreement. It should be stated on the agreement as a separate cost.
In the case of credit cards, if you have an outstanding balance, it will usually show on your monthly statements.
Many people are unaware that they have even taken out payment protection insurance and therefore it’s worth checking your agreement to find out if this is the case. Our clients have paid, on average, in excess of £2,000 into these policies so it’s worth checking if you are due a refund.
- What is PPI (payment protection insurance)?
PPI stands for payment protection insurance and is an insurance policy specifically created to help you keep up with your loan or credit card repayments in case you find yourself unable to work due...
- Can you claim back PPI – Payment Protection Insurance?
If you have taken out a loan, mortgage or credit card and the lender also advised you to take out PPI, you can reclaim these premiums if you feel that the policy was mis-sold to you.
- How to claim back payment protection insurance
Many people are wondering how to go about making a compensation claim when they feel they have been mis-sold payment protection insurance. They may have heard something about PPI on a television ad...
- PPI Claims are about the sale and not the product
There is nothing inherently wrong with payment protection insurance. The issue we have is the way in which it was mis-sold to consumers.
Some people rely on payment protection to cover them if t...