The final PPI Claim deadline is set for August 29th 2019 by the Financial Conduct Authority (FCA). Millions of people have already been compensated and banks have paid out almost £47bn to cover payouts but their bill is likely to exceed £50bn before the deadline this year. There have been approximately 64 million policies sold yet only 12 million PPI claims have been made for compensation. PPI on loans, PPI on credit cards, PPI on store cards, PPI on mortgages, even PPI on overdrafts, lenders added it everywhere. Still, many people haven’t checked as they don’t have records or can’t recall what they had prior to 2010. For this reason, the FCA has rolled out another aggressive advertising campaign with Arnold Schwarzenegger urging us to make a PPI check to see if you have anything to claim or lose the opportunity.
Have You Paid Into One Of The 50 Million Still Unclaimed PPI Policies?
A Free PPI Check may find that you did!
Not Sure if You Paid Payment Protection Insurance in the Past?
We can find out.
PPI Claims – Could I get a refund? If so how much?
Latest News: Another £3 billion in PPI Claims expected to be paid out before the PPI Deadline. Get your claim registered now!
Often without providing details, the banks manage to avoid having to pay back the PPI you paid. This is why we’re determined to get you the PPI refund you deserve. We will search your bank’s / financial institution’s records for all the old loans, mortgages or credit & store cards you have had in the past for PPI.
The average PPI claim refund we recover is around £2,700, but this varies. For loans, it depends on the loan size, the length of time the PPI policy was in place, and the number of top up loans you may have had with the lender. For Cards, it depends on the amount of card balance you carried over unpaid each month.
- The money is sent directly to you in most cases. You only pay our fee after you have received your compensation. And at only 20% plus VAT (which is 24% all in), we are less than many of our competitors. Consumer Savings Network are a customer focused company. Our Director has been actively involved in processing PPI claims since the PPI scandal first broke in 2009. We have the experience and relationships already well established to manage your claims and deal with the largest banking and lending organisations, whilst small enough to give you the care, advice and attention you deserve.
What is Payment Protection Insurance, (PPI)?
- Payment Protection Insurance (PPI) is a form of insurance that guarantees partial repayment of your debt. It generally covers up to a year of repayments if you are made redundant or lose employment from sickness.
- PPI is known by many different names, usually created by the company providing it. Some examples are; Accident, Sickness and Unemployment cover (ASU), Card Repayment Protection Cover(CRP), and Mortgage Payment Protection Insurance (MPPI).
- PPI was mis-sold by lending institutions because they failed to fully explain the costs, or check suitability. For example, people with good sick pay benefits from work generally didn’t need PPI. Also, those that have alternative income support, like savings or family. This is why over £47 Billion has been awarded in refunds to clients thus far.