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PPI Claims

Were you mis-sold a PPI policy? Could you make a claim?

Thousands of people have successfully made PPI Claims and claimed back money for Payment Protection Insurance Policies that were mis-sold.

Can I Claim?

  • Mis-Sold PPI

    The problem is not necessarily with the concept of Payment Protection Insurance itself, but in the way in which it has been sold to millions of consumers. Banks and lenders alike profited massively from the sale of PPI policies, with an estimated 20 million such policies in existence in the UK. These PPI policies amounted to around £5 billion in revenue each year for the companies involved. Mis-selling is the core reason for many of the PPI claims taking place and includes situations in which borrowers have been sold policies without being aware of it or even being led to believe that taking PPI with a loan, credit card or mortgage was compulsory or would increase their chances of a successful application. Another common issue was that of people who would never realistically be able to claim on a PPI policy being sold one anyway! Most PPI policies states that those who are self-employed, unemployed or have certain pre-existing medical conditions at the time of taking out the loan or financial product are ineligible for the payment protection. However, there are a number of cases where people who fall into these categories have still been sold the policies irrespective of the fact they would never be able to claim. If you think you were mis-sold PPI get in touch today and find out how much you could claim back.

  • Was your policy mis-sold?

    Were you led to believe the policy was compulsory?

    Were you led to believe your loan/card/credit application would be more successful if you took out PPI?

    Did you already have an alternative insurance policy that would have covered you in the event of being unable to repay?

    Were you suffering from a pre-existing illness at the time your policy was taken out?

    Were you unemployed when you took the policy out?

    Did you end up with a PPI policy without even realising you’d agreed to it?

    ...These are just a handful of the reasons for consumers making PPI claims as a result of mis-selling. If you believe your policy was mis-sold, get in touch and we could help you to claim back the money you are entitled to.

  • Why use MoneyBright?

    We understand that you want to make sure you get all the PPI compensation that you are entitled to. Rest assured that our PPI claims specialists have the experience and expertise to ensure that you get the right outcome.

    • 97% of our clients are happy with the result of their claim (out of 651 surveyed).
    • We handle claims against all UK banks and PPI providers.
    • Loans, credit cards, mortgages and hire purchase agreements are all covered.
    • Over £1 billion has been paid out to people whose PPI policies were mis-sold. We can help you get your share.
    As stated by the Under Secretary of State for Justice, Jonathan Djanogly, PPI claims specialists like MoneyBright provide "an important service for thousands of consumers seeking compensation, redress and access to justice for genuine wrongs they have suffered at the hands of another party.”

  • PPI Claims

    PPI claims have been in the press a lot in recent years – for all the wrong reasons! Thousands of disgruntled consumers have been making PPI claims, requesting (and in many cases successfully obtaining) refunds on their PPI.

    PPI or Payment Protection Insurance has been widely sold alongside loans, store cards, credit card and mortgages. As its name suggests, PPI is an insurance policy that is designed to protect a borrower in the event that, for reasons beyond their control, they find themselves unable to meet the repayments. Examples include instances of sickness, where the borrower cannot work and thus has a lower income or even redundancy.

    The concept is a good one, particularly in a climate where we’re experiencing high unemployment and lower job security. However, the way in which PPI has been sold (or rather mis-sold) has led to thousands making PPI claims. How much could you claim?