Filing a PPI Claim Costs You Nothing

If you were mis-sold payment protection insurance by a financial institution, you may have money coming to you. There are a number of agencies available to assist you in determining if you are owed money and, if you are, how much. Happily, many of these agencies charge no upfront fees, meaning you pay nothing until you receive your settlement. Inquiring about and filing PPI claims is at no cost to you.

Inquiring about the possible mis-selling of your payment protection insurance is worthwhile. It can be worth a significant amount of money. After filing a claim and having it resolved in your favor, you can expect to be reimbursed the full amount of premiums you have paid plus 8% interest on those premium payments.

Financial institutions and other lenders have mis-sold PPI using a number of tactics. The most common is for the coverage to simply be added to a consumer’s credit card, mortgage or other loan without the consumer’s knowledge. Other lenders coerce consumers into purchasing the coverage by inferring that their loan will have a better chance of approval if they do. It is vital that consumer understand that the purchase of PPI coverage is always voluntary.

If you were mis-sold, you can file a claim at no cost to you.