Have I Got PPI?

Are you Entitled to Compensation for Being Pressured into Buying PPI?

Following press reports that more than 1.3 million consumers agreed to payment protection insurance (PPI) to improve their chances of being accepted for a credit card, it is little surprise that many people are asking “Have I got PPI that I was pressured into buying?”

Banks and other financial institutions are paying out billions of pounds in compensation for being pressured into buying PPI – and it is not just credit card consumers that are eligible to receive PPI compensation from the banks.

If you were not told that you could get PPI from another provider, sold a PPI policy that would not have covered you if you fell ill or lost your job, or were in a workplace sick pay scheme (that would have covered your credit repayments), you too may be entitled to PPI compensation from the banks or other financial institutions.

Indeed, it is not just financial institutions that have been found guilty of mis-selling PPI. You might also be entitled to compensation for being pressured into buying PPI if you made a large purchase on credit from Littlewoods, Homebase, Land of Leather or Argos – all of whom have been found guilty of mis-selling PPI – or if you bought a new car from a main dealership.

How to Find Out “Have I Got PPI that I was Pressured into Buying”

Despite the massive press coverage relating to consumers who are entitled to compensation for being pressured into buying PPI, there is still a significant amount of PPI compensation from the banks still waiting to be claimed. This is primarily because a lot of consumers are unaware that they have PPI.

Due to the incentive schemes introduce to maximise sales of PPI, many bank employees added PPI to loan agreements, credit contracts and other finance arrangements without the consumer being aware of the fact. Some consumers have even paid off the full amount of their finance agreements without knowing that they had paid £000s in payment protection insurance.

To make sure that you do not become another victim of the PPI scam, you are invited to contact our claims helpline and speak with a financial expert, who will help you to determine “Have I got PPI” and then guide you through the process of claiming PPI compensation from the banks.

Please note that if you use our free service to determine “Have I got PPI” there is no obligation on you to proceed with a claim for compensation for being pressured into buying PPI. You should also be aware that if you do go ahead with a claim for PPI compensation from the banks, you will not be asked to pay a fee upfront. We work entirely on a “no-win-no-fee” basis.

Why You Might be Entitled to PPI Compensation from the Banks

If within the last ten years you have successfully applied for a loan, a credit card, a store card or a purchase on HP – or bought a new car from a car showroom – it is likely that you have been sold PPI – knowingly or unknowingly. If you were pressured into buying PPI, were self-employed at the time, not asked about any pre-existing medical conditions or told that PPI was compulsory, you were mis-sold PPI.

As mentioned above, PPI policies were extremely lucrative for banks and other financial institutions. PPI policies were being sold at a rate of 7 million a year until the Financial Services Authority (FSA) revised how the policies could be sold in 2010 and fined those who had mis-sold the product in the past. Further fines were issued by the FSA for the banks´ reluctance to deal with complaints by their customers as the number of PPI complaints landing on the Financial Services Ombudsman´s desk exceeded one million.

Banks were also fined for incentivizing employees to provide customers with poor financial advice, fined for failing to handle customer complaints fairly and fined again for failing to pay customers the full amount of compensation for being pressured into buying PPI to which they were entitled. In August 2014, the FSA ordered that 2.5 million complaints be re-opened to ensure that customers had received their full entitlement of PPI compensation from the banks.

Consequently you might be entitled to PPI compensation from the banks for being mis-sold payment protection insurance even if you have already had a claim for compensation resolved!

Find Out Have I Got PPI Today

Banks have gone to great lengths to avoid paying their own customers compensation for being pressured into buying PPI and – despite having a good idea about who was mis-sold PPI and who wasn´t – still insist that customers have to make a claim for compensation for being pressured into buying PPI rather than just automatically crediting their accounts.

The banks have also indicated that they want to put time limits on how long customers have to claim compensation for being pressured into buying PPI, and for this reason it is in your best interests to find out “Have I got PPI” today so that a claim for PPI compensation from the banks can begin without any further delay.

Make sure that you get timely advice – without obligation or any upfront fee – by calling our freephone claims helpline today and speaking with a financial claims expert who will explain the process for recovering the money to which you are entitled without putting any pressure on you to sign up for something which is not in your best interests!


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