PPI compensation – loan insurance claims explained

If you’ve ever borrowed money, you could be owed PPI compensation (Personal Protection Insurance). Anyone who applies for a credit card, loan, or mortgage will usually be offered PPI, or loan insurance to protect against the risk of being unable to make repayments. PPI cover can be purchased at the same time the loan, mortgage or credit card is applied for, taken out later, or offered as a stand-alone policy.

Have I been mis sold PPI?

PPI can be beneficial and help protect against financial hardship during unemployment or sickness, but if you weren’t made aware of the policy’s exclusions, costs, potential charges, or of alternate, possibly cheaper products, then you could have been mis sold PPI and be eligible to make a loan protection claim to receive compensation.

PPI compensation claims

Following an investigation by the Financial Services Authority it is thought that tens of thousands of people in the UK could have been mis sold PPI, are you one of them? A payment protection insurance claim can result in thousands of pounds of compensation, so if you have a personal, car or consolidation loan, a mortgage or credit cards and have loan insurance, you could make a claim.

Our loan insurance claim service

If you think you received bad advice and want to make a payment protection insurance claim, we can help. We’ve won millions of pounds in compensation for our clients since we started in 2004 and offer a professional, no win - no fee* service, with no up-front charges. We’ll look after all the paperwork for you too. To get in touch, complete our claim form opposite.