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Archive for September, 2011

Claim Back PPI

You may be wondering, “can I claim back PPI (payment protection insurance) on my loan or credit card?”. If so, ask yourself the following questions…

Lloyds Bank Stop Selling PPI!

FOS figures are expected to show 150 people a day complain about PPI, as Lloyds Banking Group calls halt to sales for loans, credit cards and mortgages Lloyds Banking Group has stopped selling the controversial payment protection insurance (PPI) across all of its brands

PPI in the Top Ten Financial Products MOST USELESS!

Which? Money report reveals the 10 financial products on which consumers waste thousands of pounds each year…

More Time To Appeal

Financial watchdog extends appeal deadline for people who believe they have been mis-sold controversial PPI Hundreds of people who believe they have been mis-sold payment protection insurance (PPI) alongside a loan are to be given extra time to refer their cases to the Financial Ombudsman Service (FOS).

Sentinel Card Protection Chasing for Charges and Fees

I closed my credit card account but Sentinel Card Protection charged £30 to it. Now I’m being chased for charges and fees.

PPI Mystery FSA Shopper

FSA boss Hector Sants said the regulator would conduct mystery shopping exercises and visits to financial firms to try to prevent future mis-selling scandals

Land of Leather

The City watchdog has imposed its first fine on a high street chain under its ongoing investigation into the lucrative payment protection insurance market, warning other retailers they face a similar fate if they too fail to employ adequate checks.

Mis-Sold PPI on Catalogues

Make your Claim You could be owed thousands. The four main PPI Categories are… (a) PPI on first-charge mortgages; (b) PPI on second-charge mortgages and other secured loans; (c) PPI on unsecured loans (mostly comprising Payment Protection Insurance for personal loans, but also including Payment Protection Insurance on retail credit, such as car loans, hire

Claim PPI Draft Letters

Which? Claim PPI Online http://e-activist.com/ea-campaign/clientcampaign.do?ea.client.id=49&ea.campaign.id=2126 Step 1. Letter to Financial Institution to Reclaim PPI Charges Step 2. Financial Ombudsman Questionnaire: Microsoft Word version Step 3. Follow up Financial Ombudsman Complaint Form: Microsoft Word version or PDF version

PPI Calculator

You can claim back an estimated 26% of your loan value. Please use the calculator below to make that calculation a little easier! Enter Loan Value  You Can Claim Back

Has Your Payment Protection Insurance Premium Increased Without Your Knowledge?

As many as 2 million consumers could have seen their Mortgage Payment Protection Insurance Premium increased without their knowledge. We believe a number of companies have actually increased the PPI Premiums associated with mortgage PPI arrangements while at the same time reducing

What are the benefits of PPI?

In principle PPI isn’t a bad product. PPI is designed to meet the repayments of the finance it is sold alongside for a year in the event of you becoming sick or suffering an accident and being unable to work or if you are made redundant. In principle, this makes PPI sound like an ideal

What are PPI reclaims?

Basically over the last decade the mis-selling of Payment Protection Insurance (PPI) has been rife and you could have been paying out £1,000s for cover that could be worthless. PPI mis-selling was often systematic, banks and other lenders almost forced their sales staff to mis-sell the insurance by setting unrealistic sales targets. Sales staff told

How long will a claim for mis-sold PPI take?

On average the process of application is completed and the claim back your mis-sold PPI in around 12 weeks. We have known some cases to take as little as 4-6 weeks though. However if your mis-sold PPI case needs to be referred to the Financial Ombudsman Service (FOS), it can take longer. Dont Put It

Did you purchase PPI to cover a long term loan, but the insurance sold to you covered a much shorter period which was not explained to you?

If yes, it should have been explained to you that PPI only usually covers the borrower for a period of 1 – 2 years, an example of why PPI is a product not fit for purpose and an example of mis-sold PPI.

Were you self-employed, unemployed or retired at the time of taking out the cover?

If yes, no PPI policies exist where you would be eligible to make a claim so you were mis-sold PPI.

Were the policy exclusions, such a stress related illness and back problems, not explained to you?

When purchasing insurance, policy exclusions should be fully explained to you either verbally or as part of the written policy, if not you were mis-sold PPI. Often when PPI was sold over the telephone, the salesperson neglected to cover all of the exclusions before finalising the sale.

Were you not informed PPI was optional or that cheaper cover could be purchased elsewhere?

The salesperson should of explained to you that PPI isn’t mandatory and that it can be purchased from outlets other than the lender, if they didn’t you were possibly mis-sold PPI.

Was it implied PPI was compulsory or that by taking it, you would have a better chance of obtaining finance?

If answering “yes” to this question, the salesperson selling PPI to you was either mis-informed or poorly trained or merely using an unscrupulous sales technique, again either way you may have been mis-sold PPI.

Was PPI added to your finance without you asking for the cover?

If “yes”, the salesperson more than likely had sales targets to hit and used unscrupulous methods to “sell” PPI. They may have described the loan or credit card as “protected” or may have just failed to mention the insurance at all, either way you may have been mis sold PPI.

Was I missold PPI?

  If you have taken out a loan, credit card, mortgage, store card or overdraft and can answer “yes” to any of the following statements, you may have been mis-sold PPI. If answering “yes”, we will be able to investigate any potential mis-sold PPI for you. PPI Eligibility [catlist  id=12 orderby=ID] If you can answer

Can I claim PPI?

You have probably seen the news on the television, the internet as well as numerous print sources in regards to the fiasco regarding payment protection insurance and all the consumers who are claiming back PPI repayments and fees. This has been an ongoing situation for the past several years throughout the UK. As a consumer

Why was I Mis-sold PPI?

Over the last ten years or so, the banks and other lenders came to realise profit couldn’t just be made from selling loans and credit cards but also the insurance sold alongside them. On average, PPI generated around £5 billion a year for lenders, the main reason for the insurance being such a money spinner

Act Today

Give us a call today on 0845 287 0265 or text ASK to 66777 to find if you have had PPI added to any of your finances.

Professional Service

Our advisor's are trained to be courteous and professional at all times. Claiming PPI is your choice - no one elses! We will offer you all the advice you need and you will not be pressured into making any decisions you feel uncomfortable about.
Reclaim Your PPI Ltd is regulated by the Claims Management Regulator in respect of regulated claims management activities, details available and recorded at www.gov.uk/moj/cmr. Our registration number is CRM 23970. Reclaim Your PPI Ltd is a company registered in England and Wales No: 07234815. Our registered offices are 2nd Floor, 683 – 693 Wilmslow Road, Didsbury, Manchester, M20 6RE