Reclaiming Payment Protection Insurance

Reclaiming Payment Protection Insurance

Fill in the claim form on this page to enable us to reclaim your PPI payments. As soon as you have clicked your claim form through to us we will send you a simple questionnaire to complete and return to us in a reply paid envelope. You will also receive an information pack giving you full details about your claim and the services we shall provide on your behalf. No upfront charges are made by our company.

It would be wise for you to get your claim in hand as soon as possible.

What are the calculations made for estimating the value of your payment protection insurance claim? Each lender will have a different cost structure for payment protection insurance. Our experience has shown that that average PPI cost is between 15% and 30% of the loan. Wow!

Payment protection insurance premiums may be added upfront to the loan to cover the cost of the policy or they may be charged on a monthly basis. If the PPI cost is front loaded, the money borrowed incurs additional interest- usually at the same APR as the loan money interest.

Naturally, this increases the total cost of the policy to the purchaser.

Maybe it is not correct to call payment protection insurance a scam but it seems to have become somewhat of a loan protection racket!

This is the reason why the Financial Authorities have decided that PPI is a bad insurance product and must be stopped. This has opened the door for you to get your money back.

PPI as an idea is OK. If the policy holder falls ill or is unemployed or if for any other reason cannot meet his/her loan debt obligations then the policy will pick up the slack and pay off the loan on behalf of the policyholder. However, in practice the small print of the policy prevents many, many people from ever claiming any benefits. Also PPI has been sold aggressively because of the high levels of commission involved and has subsequently been mis-sold. PPI has never been as simple as other types of insurance like those for a car or home for example.

Have you been mis-sold payment protection insurance?

We can negotiate with your lender on your behalf, do all the paperwork and reclaim your money back.

Interested?

Complete and return the claim form on this page and Claim Bank Charges Back and Claims Financial will reclaim your money.

A cheque can be winging its way to you soon.

Please take action now.