What is PPI (payment protection insurance)?
by Simplicity Claims on November 9, 2010
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 you. This means that you are may entitled to claim compensation. With an average payout in excess of £2,000, it’s worth checking to see whether you have taken out PPI and whether you can make a PPI claim.
Contact us today by completing our online claim form and we’ll get back to you if we feel that we are able to asist you with a claim.
Related Posts
- 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 they... - 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 ca... - 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.
To establish w... - 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 adver...
