PPI Claims

What are PPI Claims?

PPI claims are where an individual makes a claim against a lender who mis sold Payment Protection Insurance (PPI) to them when taking out a loan or other financial product.

Are there any costs involved in making a PPI Claim?

There are currently a number of companies around that will make a claim on your behalf. Some of these companies charge a fixed upfront fee for making the claim. Others offer a 'No Win, No Fee' style service, taking a percentage of any payout in the event of a successful PPI claim.

Conditions to Qualify for PPI Claims

In order to qualify for a PPI claim, you will have to prove that you were mis sold PPI at the time of taking out a finance agreement. Misselling may have occurred if you did not require PPI, or were PPI was not fully explained to you by the person selling the PPI.

Which lenders have previously been identified as having mis sold PPI?

The following lenders have been fined by the Financial Services Authority (FSA), the body responsible for financial regulation in the UK, for mis selling PPI:

• Capital One
• Alliance & Leicester
• Regency Mortgage Corporation
• Loans.co.uk
• Redcats

If you were sold PPI by one of these companies, then you may be able to make a PPI claim.