Mis-Sold PPI- Reclaim PPI Refund

PPI Claims Reclaims UK North West Ltd are experts when it comes to PPI claims on mis sold Payment Protection Insurance (PPI) policies sold alongside Car Finance, Credit Cards, Loans, Mortgages and Store Cards.

Reclaims UK North West Ltd works on a No Win No Fee basis and will help you fight your PPI Claims battle against companies that have mis-sold your payment protection insurance (PPI) policies and essentially stolen money from you.

Reclaims UK North West Ltd makes the PPI Claims process easy and keeps you fully informed of your PPI claims progress from start to finish. With an assigned account manager you can contact 24/7 all your questions and queries will be answered swiftly and in a professional manner.

Having handled numerous PPI Claims customers claim back their Payment Protection Insurance (PPI), Reclaims UK North West Ltd knows what it takes to get your money and compensation money quickly.

Reclaims UK North West Ltd takes your PPI claims directly to the companies that have mis-sold your payment protection insurance (PPI). With the banks setting aside £9 billion for Mis sold PPI policies, we can help your PPI claims from start to finish and you will receive weekly updates of your PPI Claims progress.

We only take on PPI claims that have been genuinely mis-sold payment protection insurance (PPI) ; this is why to date we have a 100% success rate with all our PPI claims.

Call Today to see if you have a PPI claim, or request a call back to save the cost of a call. The assessment is free and will only take a few minutes, by the end of the call you will know if you have a PPI claim or not.

As previously stated we only take on PPI Claims we feel have a genuine case and this is why we have a 100% success rate and is on a NO WIN NO FEE basis.

PPI Claims – You Could Have Been Mis Sold Your Policy

PPI or LPI is sold alongside credit agreements such as; Car Finance, Credit Cards, Loans, Mortgages and Store Cards. People are often informed that PPI is compulsory, and without it you will not gain any type of credit agreement. This is incorrect and a classic case of mis selling on behalf of the financial institute selling you the loan.

Millions of PPI policies have been mis sold and banks have set aside a whopping £9 billion to deal with PPI Claims.They are extremely common in cases where a mortgage has been taken out or you may have signed a credit agreement or you may have signed up for a loan. It is important to ensure that if you do have a PPI policy or recently had one, it is only because you really needed it. PPI policies are needed in order to be able to make the payments on an active policy in case a person is not able to make the monthly repayments due to instances such as sickness, old age, infirmity, unemployment or bankruptcy.

PPI CLAIMS WHY YOU COULD HAVE BEEN MIS-SOLD PPI?

Here are some indicators that you have been wrongly sold a PPI policy and may have valid grounds to claim a refund-

You were informed that PPI or LPI was compulsory to gain the credit agreement.

If you were not made fully aware of Terms and Conditions and who was covered in the policy.

If you were self employed, over the age of 65 or currently unemployed at the time the PPI policy was taken out.

PPI or LPI was added to your credit agreement without you knowing what it was for, or if you were covered.

If you were not asked did you have cover elsewhere, this is a common mis selling tactic used for those who are in The Armed Forces, as they are covered by their employer for the same instances PPI covers you for.

WHO HAS MIS-SOLD PPI?

Here is a quick list of banks that have mis sold PPI and have been massively fined by the FSA and FOS for doing so:

LLOYDS TSB ( £3.9 BILLION SET ASIDE FOR PPI CLAIMS)

BARCLAYS PLC (£1 BILLION SET ASIDE FOR PPI CLAIMS)

RBS/NATWEST (£1 BILLION SET ASIDE FOR PPI CLAIMS)

SANTANDER (£731 MILLION SET ASIDE FOR PPI CLAIMS)

HSBC (£279 MILLION SET ASIDE FOR PPI CLAIMS)

What is PPI?

PPI is Payment Protection Insurance and it’s also known as:

ASU (Accident Sickness Unemployment)

MPPI (Mortgage Payment Protection Insurance)

Loan Protection Cover

Redundancy Cover

However PPI is worded banks sell an insurance policy alongside Credit agreements to cover a customers repayments in the event of injury, redundancy or sickness. So if you have a cover like this even if it is not called PPI, it is more than likely an insurance policy exactly like Payment Protection Insurance, just worded differently and you can still make a claim.

HOW LONG DOES A PPI CASE TAKE?

There is no set time for the outcome of a PPI case, however banks do have a designated 12 weeks to give a final decision regarding the outcome of the case and we are seeing an average of around 10 weeks for our cases to be settled. Any Claims Management Companies, that offer to settle cases sooner are usually not very reputable as no CMC company can give a precise timeline that your individual case will be settled.

HOW MUCH WILL MY PPI POLICY BE WORTH?

All PPI Policies are different and depends on the amount borrowed and also the Creditors APR rates it charges. You are usually looking at a PPI policy being worth around 25% of the amount  borrowed. So for every £10,000 borrowed you will pay £2500 towards PPI however, after this you then have the interest on top so this can dramatically increase a PPI Claim.

MY PPI HAS EXPIRED CAN I STILL CLAIM?

The simple answer is ‘YES’ you can, as long as you have not made a previous claim on the PPI policy, then you can claim every penny back plus 8% compensation on top.

HOW FAR BACK CAN I CLAIM MY PPI?

December 2001 is the latest we are finding cases are producing a positive outcome, PPI policies before this deadline are very hard to prove any mis selling took place, as legislation guidelines were set in this year.