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By Tessa Gillies
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Did you have PPI? Are you owed £1,000 … £2,750 … even £6,500?
If you've ever had a mortgage, credit card, loan or car finance you may be due a refund.
What is PPI? And why's there a scandal?
Payment Protection Insurance (PPI) is an insurance policy added to mortgages, loans, etc to cover your repayments should you fall ill, have an accident, or lose your job.
The scandal is banks and lenders often sold us PPI – without telling us.
You may have been paying extra for PPI you never knew you had – or wanted.
Over the last seven years banks have already paid out more than £20bn to people mis-sold PPI. However, with 45 million PPI policies sold on loans, credit cards, mortgages, etc, this is only the tip of the iceberg.
What's more, the banks have set aside billions more to cover the cost of claims. Much of it still yet to be claimed, it really makes sense to see if you're due anything.
How do I find out if I have a claim?
You could – of course – go back through all the mortgages, loans, credit cards and finance agreements you've ever had. Then contact each company individually. And do your best to make a claim each time you find any evidence you've been mis-sold PPI.
But it takes an age.
For example, do you know where you've kept all the old documentation you'll need?
Worse still, any lender you contact will do their level best to wriggle out of any claim you try to make.
Or you could just make a single, free, no obligation, PPI check online.
Completing the online check:
It’s quick to do.
Is easy to do.
We will tell you whether you have any claims.
But that's not all …
You:
Don't have to root out stacks of old documents.
Aren't obliged to pursue any claim.
Won't be bombarded by nuisance phone calls.
We will ensure you don't miss out on receiving any money you can rightly claim.
Don't forget time's running out
Millions of people around the country were mis-sold PPI. If you've ever had a mortgage, credit card, loan or car finance you could be one of them.
But with a potential a PPI claim cut-off looming, you need to start finding out today.
After all, isn't a fat refund worth a minute of your time?
Select your area to get started:
£2750 average references
http://www.telegraph.co.uk/finance/personalfinance
http://www.bbc.co.uk/news/business-20167092