How to Reclaim PPI - Reclaim PPI Charges

Statistically most PPI policies have been missold therefore most policy premiums must be repaid, so this means that you could be entitled to a substantial cash payment and any outstanding balance could be significantly reduced to lower your monthly repayments or mean that you have nothing more to pay.

The sale of PPI is a finance industry scandal which has resulted in lenders taking advantage of their customers and at the same time making billions of pounds per year when they should not have done.

The Financial Services Authority (FSA), Financial Ombudsman Service (FOS) and the Citizens Advice Bureau have all established that all but a very few lenders, including all the high street names, have systematically missold PPI for years and they are now being forced to make repayments otherwise they face FSA fines running into the millions. With the recent FSA findings, there is no better time than now to make your claim for the refund of the money you should not have paid and to reduce your monthly repayments for any outstanding balance.

For years most lenders have been making huge profits from selling PPI when it was simply not asked for, completely unsuitable or forced upon customers by using high pressure sale tactics. Those lenders must now be held to account for their unlawful conduct and repay the PPI premiums they should not have taken.

Most customers trust their lender, particularly the well known high street ones. In our experience and supported by FSA findings, some of the worst offenders include Alliance and Leicester, Abbey, Northern Rock, NatWest, Yorkshire Bank, Bank of Scotland, HFC, Bradford and Bingley, RBS, Barclays, Halifax, HSBC and Lloyds TSB.

If you have taken out a mortgage, loan, HP, credit card or store card with any of these lenders then it is very likely that you will be entitled to a refund. Don’t lose heart or think you cannot claim if one of your lenders has not been mentioned. Evidence from consumer watchdogs confirms that most lenders were actively involved in the misselling of PPI and the sale of tens of millions of policies can now be challenged.

From our own experience, we have established that some of the best known high street lenders have charged for PPI that was in excess of 50% of the amount that the customer actually asked to borrow! Not all PPI was charged at such extortionate rates, but it is not unusual for PPI to cost a customer 25% of what they borrowed.

It costs you nothing to apply, so simply complete your details in the form at the top of the page, Click "Start your Claim" and we can start the claim process for you.