What is PPI?

Payment Protection Insurance (PPI) is a policy designed to cover your monthly loan, credit card or mortgage repayments (or a percentage of them) if you find that you cannot meet the repayments due to being unable to work. PPI applies to those who cannot work due to illness or injury caused by an accident, or if you have been made redundant. PPI is also known as Accident, Sickness and Unemployment cover (ASU), Life & Accident, Sickness and Unemployment cover (Life & ASU), Mortgage Payment Protection Insurance (MPPI), Personal Loan Protection (PLP) or Credit Card Repayment Protection (CCRP), these policies can be sold alongside any credit card, loan or mortgage that you may still currently hold, or have held over the past 15 years.

Many banks and companies sold these PPI policies without informing the clients that they were optional, without fully assessing the client's employment status or medical history and in many cases this has led to the client being sold a policy they could never claim on. The banks lost a legal case and must now settle payment protection Insurance (PPI) policy claims. PPI claims have become big news over the last 10 years, with banks, loan companies and credit card providers all routinely mis selling PPI policies to those for whom the insurance policy is inappropriate. Don't delay claiming back your PPI payments and interest. Save and Claim offer the lowest online claim fees.

The Information Commission found that on average Payment Protection Insurance (PPI) policies only paid out 11% of the time. £12.4 Billion pounds has been set aside by the banks to repay mis-sold policies within the UK. Many banks and credit card providers have been fined heavily by the Financial Services Authority (FSA) for the systematically mis-selling of Payment Protection Insurance (PPI) policies. As a result, big name lenders such as Barclays, RBS, Lloyds, Alliance & Leicester, Egg, Capital One and HSBC to name but a few have been fined millions, leaving many thousands of effected people now wanting to claim back their PPI monies.

There are more than 25 million credit agreements that have PPI policies attached and according to the Financial Services Authority (FSA) up to 70% of these policies may have been mis-sold! To date it is estimated that only 25% of the money set aside by the banks £3.1 Billion has actually been reclaimed. If you've taken out a mortgage, loan or a credit card that you feel you have been Mis sold PPI within the last 15 years, get in touch today by giving us a call or requesting a call back, one of our friendly team of specialists will quickly workout whether you have a valid PPI Claim or not. Alternatively you can complete our online claim form simply click Start Your Claim. If it turns out that you do have a valid PPI Claim, then there is an excellent chance that our experienced team here at Save & Claim will be able to help you re-claim your cash back with interest, with our average PPI Claim refunded over the last 12 months being £3,582.00 can you afford not too.  Our largest PPI Claim refunded successfully to date being £24,000.00 this was for a loan PPI policy with Barclays Bank.

Save & Claim to date have successfully settled over 5,074 PPI claims on behalf of its 3,768 clients with most highstreet banks and credit card providers, recovering over £13.5 million in just three years.

There are many reasons why you may be eligible to re-claim your PPI policy cash, here's just a few:  

  • You worked less than 16 hours a week
  • You were not asked about any other insurance you had
  • You were told the PPI policy was necessary to get the loan
  • You were not told about the cost of the PPI policy
  • You were not told you were buying PPI at all
  • You were not told the same policy could be bought cheaper elsewhere

Save & Claim are specialists in the recovery of mis-sold Payment Protection Insurance (PPI) policies, we also provide our clients with a Free no obligation home visit service, so that you can discuss all aspects of your potential PPI claim with one of our friendly experienced advisors before you decide to proceed or not. Should you decide to choose us, we will guarantee to work to the best of our ability and to process your claim in an efficient and professional manner from start to finish with our own in-house legal team in order to get your cash back in your pocket. All our cases are run on a No Win - No Fee basis, so if we don't win your case we won't charge you a penny and we don't charge any Up Front Fees either.

Many people are completely unaware a PPI policy had been added to their account. Save & Claim will not only try to recover your paid PPI premiums but also look into recovering any interest this is normally calculated at 8%. 

Here at Save & Claim our specialist claim advisers are ready and waiting to provide you with a straight forward simple and transparent claims service, helping you claim back any money that is rightfully yours.

Click here to Start Your Claim

Take a look at our Testimonials and view some of our more recent Claim Settlements.

As our name suggests you Save money if you make your Claim with us!

Not sure if you've got a PPI claim? No problem, our specialists are on hand and offer a fast, FREE friendly advice service.   To get in touch today Simply Call FREE on 08000 70 60 70 or fill in our Speed Claim box where you can easily request a call back from a specialist at a convenient time to suit you, our office hours are 9:00am - 7.30pm Monday - Friday.

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