The first thing to realise is that many people don't realise they have been paying for PPI at all. Check your loan documents carefully and look for anything that sounds like "loan insurance” or "payment protection insurance”. In many cases even if you did realise you had taken out PPI you may not have actually been able to claim on it. We can quickly check if you were mis-sold or not – call us on 0800 260 260 or use the form above.
Sadly, some of the worst culprits for mis-selling PPI in order to make a profit were the high street banks you probably thought you could trust... According to the Banking Times "lenders selling PPI can expect to earn £1,200 from a policy that costs £20 to provide". In April 2011 the British Banking Association comprehensively lost a judicial review on PPI mis-selling that they had brought on behalf of their members to try and prevent the FSA from forcing them to compensate customers. Shortly afterwards Lloyds TSB announced that they were putting aside £3.2 billion to compensate customers to whom they had mis-sold PPI policies. That's an enormous sum, and that's just one company...
The scandal of mis-sold payment protection insurance (PPI) has made the national headlines several times as the scale of the problem has become more and more apparent. Until recently if you had ever borrowed money by applying for a credit card, loan, or mortgage then you would usually have been offered PPI to protect against the risk of being unable to make repayments. The problem is that huge numbers of these policies were blatantly mis-sold and hugely overpriced. It is estimated that as many 2.75 million borrowers have been affected. The good news is that you can now claim back the money this has cost you, with interest – and this could be more than you imagine.
Our team has many years' successful experience of recovering clients money by holding lenders to account. We pride ourselves on being fast, efficient and friendly. Call us and see for yourselves!
"Very friendly and approachable"
"Knew what they were talking about"
"Very friendly and helpful throughout"
"Very efficient and I only had to wait 6 weeks max for my pay out"
(responses from customer survey)
BANKS LOSE PPI JUDICIAL REVIEW
Britain's banks have lost their court case against the Financial Services Authority over PPI mis-selling... Read more
FSA WARN BANKS AGAIN OVER PPI COMPLAINTS DELAY
The Financial Services Authority has warned banks not to use their Judicial Review challenge as an e... Read more
LLOYDS TSB TOPS MOST PPI COMPLAINTS LIST
Once again, Lloyds Banking Group has topped the complaints table, attracting 22,242 complaints to th... Read more
* A fee may be payable if case is not pursued at client's request.
Hayward Marsh is regulated by the Ministry of Justice in respect of regulated claims management activities; its registration is recorded on the website claimsregulation.gov.uk
Our authorisation number is CRM 27139 | Call our hotline today: 0800 260 260
This information is NOT financial advice. For financial advice you must contact a qualified financial advisor.