How much can a claim cost?
For our team to firstly look t your claim to see if you are entitled to make the claim it is free of charge. When accessing your claim, we will nee to write to lenders who sold you the PPI to obtain the information about the PPI policy sold to you, to be able to do this we will be charge a Subject Access Request (SAR) which is a few of £10.00 which will pay for you.
We will not ask for any upfront fees, our team operate on a no win no fee basis. So make sure you are aware of our competitors who charge upfront administration fees before they have even started the process toClaim Back PPI
If your Payment Protection Insurance claim is successful, we will charge a fee of 25% plus VAT of any amount recovered on your behalf. For example, if we obtain an offer of £1000 compensation, our fee would be £293.75 (inclusive of VAT at 17.50%).
Have you taken out a loan or credit card fro your bank? If you have then you may be one of the 2 million people who have been mis-sold insurance that you don’t need or use.
Payment Protection Insurance is there to help you cover your monthly bills if you are unable to pay them due to sickness, accident or unemployment. You may have been recommended to take out this insurance.
This sounds all good but unfortunately for many people have there PPI claims turned down due to the policy clause and exclusions. It has been estimated that there are about 20million policies currently in process, so many as 7.5 million further PPI policies have been sold every year. This has been estimated by the Office Fair Trading (OFT) The Industry make a profit from PPI policies it is estimated around 5 billion pounds being made.
Many high street banks and building societies have been fined by The Financial Services Authority (FSA) so this means that you can no claim back all the payment you have made by have mis-sold PPI. But you must do it soon as your PPI claim may run out. When it has you will not be able to claim back you payments