How do I know if I have taken out PPI?
by Simplicity Claims on November 16, 2010
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.
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