Mis-sold PPI (Payment Protection Insurance)

Important information:

We have ceased taking on new Claims for mis-sold PPI due to the Regulator’s deadline for submitting new Claims for PPI mis-selling, on 29.08.2019.

But… a recent ruling called Plevin could mean that you may still be due Compensation for your PPI policy.

We can complete a Plevin PPI Check to see if you are eligible for a Plevin PPI Claim. Click here to find out more

Start My Plevin PPI Check

What is PPI?

Payment Protection Insurance (PPI) was a product designed to cover your repayments on Loans, Credit Cards, Car Finances, Mortgages or Store Cards and Catalogues if you are unable to work due to an accident, illness or redundancy.

As many as 64 million PPI policies1 were been sold in the UK between 1990 and 2010, but it was often mis-sold.

More than £38bn2 has already been paid back to people who have complained about the sale of PPI.

Sources:

  1. Financial Conduct Authority (FCA): Payment protection insurance explained – Last updated 26.06.2020 https://www.fca.org.uk/ppi/ppi-explained
  2. Financial Conduct Authority (FCA): Monthly PPI refunds and compensation – Last updated 07.05.2020 https://www.fca.org.uk/data/monthly-ppi-refunds-and-compensation