Have you ever had a loan, mortgage, credit card or finance? If so, you can still claim back PPI after the PPI deadline
Payment Protection Insurance (PPI) is now recognised as one of the biggest mis-selling scandals of the financial industry, and millions of pounds have already been paid back in compensation by lenders.
The PPI product was designed to cover the cost of repayments should the borrower become unable to make these through redundancy or illness. However, in many instances the commission which the banks received for the sale of the PPI was not disclosed and was in excess of 50% of the premium. This has been recognised by the law courts (Plevin ruling) as creating an unfair relationship and as a result the PPI can be claimed back.
You may have not been aware of having paid PPI let alone been aware of any commission paid to the banks for the sale of the PPI.
We can check for free to find out if you've ever had PPI and if so let you know if you have a PPI claim due to the new Plevin ruling.
The good news is that this claim is NOT affected by the August 2019 PPI deadline - so you have time to claim it back
Simply hit PPI New Check opposite, text YES to 82727 or phone 0800 0699 121.