You don’t have long to claim back any Payment Protection Insurance (PPI) that might have been mis-sold to you. The Financial Conduct Authority (FCA) has stated that all claims need to be made by 29 August 2019. If you haven’t made your PPI claim by then, you will miss out on thousands of pounds.
The average PPI pay-out is stated to be about £2,750. This is a significant amount, but we’ve seen claims go much higher. Recently, we’ve handled pay-outs of £61,936. Can you miss out on such lucrative money that could rightly be yours?
Who could owe you a PPI pay-out?
Many people think it is only those who were sold mortgages that could potentially be owed PPI. However, anyone who was sold a product with credit, like car finance, small loans, credit cards, etc. could have been sold a product with PPI. Many of you might not have realised you were sold a product with PPI and, therefore, have not checked if you are eligible to make a claim.
Just because you don’t remember being mis-sold, or if you ever had PPI as part of a credit product, doesn’t mean you lose the right to compensation. According to the FCA, there were 64 million PPI policies sold in the UK before 2006. Investigations have also found that PPI was incorrectly sold to most customers. Therefore, if you had PPI, you are likely to be eligible for compensation.
How can I make a claim for PPI?
Making your PPI claim can be a complicated process if you do it on your own. First you have to identify whether or not you had been sold PPI as part of a credit product and then you have to make a claim against the company that sold you that policy. If you were unaware at the time of whether you had the product or not, it might be hard to know now as well.
That is why it is best for you to contact a group of professionals who can handle your case for you. By entering your details onto our website, we can investigate whether you’re eligible for PPI compensation from any of the products you were sold in the past. All it takes is a couple of minutes for you to tell us your vital contact details so we can process your PPI claim, and how many companies who had dealings with you.
Once we have that information, we can check your details to see whether you are eligible for any compensation. If you are, we will handle the claim for you. We operate on a no-win, no-fee basis, so if you’re not eligible, there is no charge.
And if you are successful, all we ask for is 12% of the compensation amount for our services. This includes VAT. This is a small price to pay for such a significant amount of compensation that you could be owed.
If you would like to know more, you can contact a member of our team, read some of our testimonials or start the PPI claim process now.