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Missold PPI Refunds


Reclaiming Missold PPI Refunds


Missold PPI was experienced when some customers took loans from banks and other lenders. Payment protection insurance is a plan put in place to help customers meet their loan repayments under certain situations. The insurance was to stand in for repayment in a scenario where customers would not be in a position to repay back the loan (for a number of reasons, including accident, sickness and unemployment). Many customers experienced missold PPI and the banks have agreed that customers can claim compensation. This has enabled many people to seek refunds for the money that was thought to have been lost.

To reclaim compensation for missold PPI the circumstances under which the PPI was provided is the determinant of how successfully PPI can be reclaimed. Once a customer successfully claims for PPI they may be paid back all the premiums including the interest. It is important to find out whether you had taken up PPI. This can be done by confirming with the credit agreement. It is normally considered as a different payment. In the case of a credit card, you should simply check the agreement.

There are people who have PPI and yet they have little knowledge of it. There are others who may have thought that PPI was compulsory at the time the loan was taken.

It is important to know precisely the circumstance under which you obtained PPI. This will assist in placing your claim. Claimants are required to state how they got PPI, once they confirm that they had taken up PPI. Claimants can use the help of a claims management company to help determine whether they had PPI and able to claim for PPI.


CALL to claim back PPI

Speak to a claims handler now.

0800 954 0817



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Official data released by the FSA shows that PPI complaints have reached record highs, with a rise of 85% in the final months of 2011. With a further 12 million PPI customers yet to claim, a leading claims management company is urging consumers to claim back what they deserve before it's too late. Continue reading →
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† PPIClaimback is a trading style of Investor Compensation (UK) Ltd who are regulated by the Ministry of Justice in respect of regulated claims management activities (Number: CRM28889)
Office of Fair Trading (OFT) CCL no: 0649843

‡ ‡ Recovery of PPI compensation is not guaranteed, you must have been mis-sold PPI