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.
In theory, this may sound a super product and some people who have taken out PPI have benefited from it. However, many have complained that when they have attempted to claim on the policy, their claim is denied, leaving them out of pocket and struggling to meet their monthly bills.
Some PPI was sold as a single premium and others were sold on a monthly premium. It all adds up and its your money.
If you have taken out PPI, there is a chance it may have been mis-sold to you. This means that you are entitled to claim compensation. With an average payout in excess of £3,000, it’s worth checking to see whether you have taken out PPI and whether you can make a PPI claim.
Don’t delay – there is a big queue building up and we are winning claims all the time. There is no complicated forms and a simple process with a 10% fee