Payment Protection Insurance (PPI) Compensation Claims
It is estimated that up to 20 million people in the UK have been mis sold Payment Protection Insurance (PPI). This means that if you have taken out a loan in the last 6 years and there is PPI on your loan or card there is a good chance you have a Claim.
89% of complaints are currently being upheld.
What is PPI (Payment Protection Insurance) ?
PPI is a type of insurance which is often sold when you take out a loan or credit card.
It is supposed to protect you against the risk of being unable to meet repayments in the event of accident, sickness or unemployment.
Research shows that only 4 per cent of policies actually make a claim and over a quarter of these claims are refused.
No Win No Fee PPI Compensation Claims
Here at Clear Law Solicitors our PPI claims experts are at hand to help you reclaim your mis-sold PPI premiums. With Clear Law there is:
No risk - if you do not succeed with your claim, you pay nothing.
No hassle - all we need is the name of your lender/credit card co and and account number and we'll do the rest.
Honesty - we understand that you want to know whether your claim has a genuine chance of success.
If after speaking to you we think we can help get your money back we'll give you £20 worth of shopping vouchers as a thank you. If we don't think we can help you we'll tell you from the outset - we won't fob you off.
Trust - we a well established firm with Lexcel accredition, a kite mark awarded to less than 10 per cent of law firms which means that you can trust us to deal with your claim in a professional way.
Communication – You’re the boss – you tell us when, how and how often you want to be contacted regarding your case. We are plain english approved which means that we will speak to you in a language you will understand.
Was my policy miss-sold?
Your policy may have been miss sold if:
- The policy you have bought does not cover the full term of the loan
If the insurance policy you have bought does not cover the full term of the loan this means that you will be paying for an insurance policy you cannot actually use.
- You were told that the policy was compulsory or a condition of the loan.
- You are self-employed, unemployed or retired.
The policy does not cover the self-employed, unemployed or retired. You were not told that the policy excludes existing medical conditions which means that you are unlikely to be covered for medical problems you've had in the past.
- You were told or sold the wrong thing
applies where the policy wasn't explained to you, you thought it was a joint policy but it is only in one person's name or the fact that you were already covered through your work or your partner.
- The company who provided your policy has already been fined
Many major providers have already been fined by the FSA. If your provider has been fined this means that it is very likely you have a case.
- The policy is not suitable for your needs
In some cases you may not even now you were purchasing a PPI policy!
- It was added to the loan without your knowledge
