Find out more about claiming back mis-sold payment protection insurance on loans, mortgages and credit cards.
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 they are unable to work due to accident, sickness or unemployment. However, many people are ineligible to claim on the policy, perhaps [...]
As we stated in our previous post where we were discussing the large bill faced by most of the UK banks with regards to PPI mis-selling, many people have taken out one of these payment protection insurance policies without actually realising it. Payment protection insurance is normally stated on your credit agreement. It’s worth checking [...]
Although our job is to reclaim payment protection insurance on behalf of our clients, we do recognise that in some circumstances it can be beneficial to take out one of these policies. If your lender has recommended payment protection insurance, it may pay to shop around for cheaper alternatives because in many cases the cost [...]
Unemployment has fallen slightly over the last quarter but still stands at 7.7% according to the latest figures. Many people took out payment protection insurance to shield them from difficulties should they find themselves unemployed. Some policies have exclusion clauses which may prevent people from making a claim should they find themselves out of work. [...]
If you have taken out payment protection insurance with a firm which is no longer trading, it may still be possible to pursue a claim provided that the policy was sold to you on or after 14 January 2005 and the firm was an authorised financial services firm. We are currently processing claims on behalf [...]
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 [...]
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 to accident, sickness or unemployment. If you have taken out PPI, there is a chance it may have been mis-sold to [...]
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. To establish whether PPI was suitable for your needs, if you can answer “yes” to any of the following [...]
Payment Protection Insurance is a policy which protects a borrower in the event that they find themselves unable to work due to accident, sickness or unemployment. In theory, it is a good policy for some, but many people have been mis-sold this type of insurance for a number of reasons. We discuss the main reasons [...]
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 advert, in the news or from a friend. Here at Simplicity Claims, we take the complexity out of the whole process by using [...]