PPI Claims

PPI Claims Explained

Anyone who has taken out a loan, mortgage or credit card with PPI is eligible to claim back PPI (payment protection insurance). The amount of compensation you can reclaim depends on the amount of time you have been paying into the policy and the monthly amount payable. A successful PPI claim will result in a full refund of the premiums paid into the policy, plus interest where applicable.

We offer a PPI reclaim service to anyone who has taken out a payment protection insurance policy. We operate on a no win no fee basis so there are no upfront fees to pay. We charge a flat fee of 25% plus VAT of any amount recovered and this is only payable upon successful completion of the PPI claim.

You can make a claim even if the loan is no longer running of if you have cancelled the policy but continuing to repay the loan. We deal with the whole process of reclaiming PPI on your behalf and check any compensation offer to ensure that it is fair and reasonable. Lenders have been known to make “goodwill gestures” which are significantly less than the total amount of the claim and do not include interest. We aim to maximise the amount of compensation due to you by ensuring that any calculation is fair and reasonable and includes an element of interest.

We deal with PPI claims against a number of lenders, including Alliance & Leicester, Bank of Scotland, Barclaycard, Barclays Bank, Beneficial FinanceBlack Horse, Citi Financial, Capital One Bank, Clydesdale Bank, Egg, Firstplus, Ge Money, Halifax, HFC Bank, HSBC, Lloyds TSB, MBNA, Nationwide, Natwest, Northern Rock, Santander, Welcome Finance and Yorkshire Bank. We also tackle claims where the policy was sold when taking out finance for a new car, consolidating existing debts, personal unsecured loans and secured loans.

Where the PPI is attached to a credit card, any compensation payable is normally used to reduce the outstanding balance on your credit card. If there is any surplus or if you do not have an outstanding balance, the remainder is refunded to you by cheque or to your bank account.