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Recent Claims

Mr R Bullymore claimed back £4,796.87 from HBOS

Malcolm Of Cramlington claimed back £7,400.33 from HFC

Mr & Mrs Irving, Of Glasgow claimed back £ 5,662.71 from Egg

Mr L. Of Gidea Park claimed back £12,266.04 from HBOS


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PPI Calculator - Claim back easily


How to use a PPI claim calculator


Before anyone makes a payment protection insurance claims case, they might want know just how much you can claim back from the lender. These calculations can be made simpler by the use of a PPI calculator which is a financial tool that gives an estimate of how much money can be awarded in compensation for a mis sold payment protection insurance policy.

It can be confusing to make these calculations manually. However, PPI calculators are available from many websites on the internet for people to use. This makes it  easier for any customer who has lost money through mis-selling payment protection insurance to estimate the amount of money they can claim from their lenders, although, no PPI calculator can give the exact figure that the customer can claim in PPI claims.

You can find an effective PPI calculator on the internet and calculate what your lender may owe you in the way of a PPI refund.. In most cases it is free to use this tool so it will not cost you any money. There are loan amount details that you will have to input into the calculator online so that an answer can be derived. That is why it is good to have these details ready before beginning to use the PPI calculator.

Our PPI claim calculator below will calculate how much you could be owed by your lenders on loans. The result includes an estimate for interest you may be entitled to.

Enter the following to calculate how much you should expect to claim from PPI lenders.

What was the total of all your loans at the time the PPI policy was taken out?

£

  

How the PPI Calculator works

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rss In PPI News
Compensation bills soar as consumers continue to make PPI claims
Major banks are being forced to add millions to their compensation bills, exposing the true extent of the PPI mis-selling scandal that has affected the nation. Following one of the worst mis-selling scandals in the UK, Lloyds Bank has taken another £375million pound hit to cover PPI payouts. This has increased the estimated total amount set aside to deal with payment protection claims to nearly a staggering £3.8billion for the taxpayer-backed bank alone. Continue reading →
PPI claims leads to increase in employments at banks
Bank employment figures have shot up in the first three months of 2012 to deal with the massive increase in PPI compensation claims, a survey has revealed. Specialist financial services recruitment firm BrightPool, has revealed that a total of 60 per cent of claim handlers in demand by high street banks were to deal with mis sold Payment Protection Insurance claims in PPI compensation scheme departments. Continue reading →
Mitchell Farrar Group (MFG) highlights benefits of ppiclaimback.co.uk as FSA publish PPI guidelines to banks who mis-sold
Following the release of FSA guidelines to firms that mis-sold payment protection insurance, the Mitchell Farrar Group is offering a helping hand to consumers, to settle their PPI claim in a professional and timely manner. The Mitchell Farrar Group, which runs leading claims management company Investor Compensation with the brand www.ppiclaimback.co.uk, is welcoming the news that banks who mis-sold payment protection are taking proactive steps.. Continue reading →
PPICLAIMBACK.co.uk offer PPI victims help before it’s too late
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 →
Banks should foot the PPI tax bill to ease consumer burden
A leading claims management company has slammed the recent news that millions of consumers receiving compensation for being mis-sold Payment Protection Insurance, will be forced to pay tax on their compensation payments. Continue reading →
Other Compensation Claims

Multi Policy


In this simplified example your PPI policies have 1 upfront payment (added to the loan). Obviously you could have more than one policy from which to claim.

The result is only an estimate (based on average loan amounts and claims between May and July 2011) and results vary by length and type of loan, in some cases the interest element can far out way the PPI claimed back. When you make a claim we will look into your individual case. (Note that credit card claims are a little more complex than the estimates given by this calculator).

Interest is charged on the total value and monthly payments include the premiums value and interest. Five considerations may be used to obtain the full claim back (from financial-ombudsman.org.uk).

1. A calculation of the monthly payments that the consumer has actually paid towards the overall loan in excess of those they would have needed to make, if the original loan had been sold without the PPI policy;

2. a restructuring of the loan going forward (if it is still in place) so that the amount owed, the monthly repayments, the term and the charges reflect those that would have applied, if the original loan had been sold without the PPI policy; or if the loan was terminated early, then a comparison of the settlement costs that the consumer incurred with those they would have incurred, if the PPI premium had not been added to the loan;

3. The cancellation of the PPI policy (if it is still in place) – with any rebate in premiums being set against the costs incurred by the financial business in paying the redress;

4. The addition of interest (normally at the rate of 8% simple per annum) to any excess payments made by the consumer – from the time each payment was made to the point the financial business pays them back to the consumer;

5. Consideration of a payment for distress and inconvenience – for example, where the financial business rejected a complaint that it knew (or should have known) that the ombudsman service would uphold.

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