PPI was added to your credit agreement without you knowing what it was, or why you needed it.
You were told PPI was compulsory, this is mis-selling and you definitely have a PPI Claim. Banks cannot tell you PPI is compulsory because it is not, and this is mis selling.
You were Self Employed, you should never have been offered PPI if you were Self Employed at the time. This is because you are a higher risk and thereore the insurance would not be suitable for you. Thereore you have a PPI Claim.
You were in the Armed Forces at the time you took out the Credit Agreement. This means you have 100% got a PPI claim. Those in the Armed Forces are covered in the event of injury, sickness or redundancy. Therefore PPI would be useless and banks have known this, and still willingly sold PPI to their customers.
There are many more reasons why banks have mis sold PPI, and this is why PPI claims have increased.
Banks have set aside £9 billion for PPI Claims and if you have had a credit agreement in the last 10 years, with any of the banks mentioned below then it is more than likely you will have either been Sold PPI or you were offered it and could be paying an expensive PPI policy, you do not want or need.
Who has Mis-Sold PPI?
Here is a short list of the banks who have seen the biggest increase in PPI Claims and those that have set aside the most amount of money to deal with PPI Claims:
LLoyds TSB PPI Claims
RBS PPI Claims
Halifax PPI Claims
Santander PPI Claims
HSBC PPI Claims
Barclays PPI Claims
Blackhorse PPI Claims
Clydesdale Bank PPI Claims
These are just a few who have set aside £9 billion for PPI Claims, so if you have had a credit agreement with the banks shown above, it is worth checking your original agreements to see if you have a PPI Claim, it could be worth £1000′s in repayments and compensation.
What to do if you have a PPI Claim:
If you feel you have a PPI Claim, give Reclaims UK a call today and we will tell you in 60 seconds if you have a claim. It could be worth £1000′s in repayments and compensation.
How do I even know I’ve paid PPI?
If you have had a credit agreement in the last 10 years with any of the above financial institutes there is a possibility you may have paid PPI and you could have a PPI Claim.
PPI was often added to agreements without customers knowing what they were paying for, how much it would cover them monthly and if the repayments would be added to the overall APR of the debt. This is direct mis selling and a breach of the Provision of Insurance rules in the UK.
What do we need to start your PPI Claim?:
All we need to start your claim is an Account number that you had the Credit Agreement in and from there we can investigate the whole PPI Claim from start to finish, you do not have to do a single thing.
I can do my own PPI claim can’t I?
You are entitled to handle your PPI Claim yourself, however many of our clients have tried to claim back their money themselves and were left feeling lost in the whole process, as banks will often try and put the customer off at any point. Informing that addresses do not match, no account being found on file and that PPI was sold to them fairly, even when the customer remembers being informed that PPI was compulsory.
Therefore, the majority of our clients are happy to pay us a small percentage as they would rather get the majority of their claim or 100% of nothing.