PPI claims - Were you mis-sold payment protection insurance? Reclaim your charges now
Were you mis-sold payment protection insurance

Were you mis-sold
payment protection insurance
act now! call us on 01625 428899

Were you mis-sold payment protection insurance
were you mis-sold payment protection insurance?
were you mis-sold payment protection insurance?

payment protection insurance claims

 


helping you help yourself!

The Knight Group are one of the UK’s largest charge recovery specialists who have recovered charges back from Banks and Building Societies that have unfairly charged their customers. We are also experts in recovering mis sold payment protection insurance.

Whether you have been mis-sold payment protection insurance or are looking to recover unfair bank and credit card charges we can help you. If we don’t win, you don’t pay a penny.

no win, no fee

We work on a no win, no fee basis. This means we are only paid if we are successful with your claim. So far we have over a 90% success rate and we do not request any up front fees for our services.

Knight Group (UK) Ltd are regulated by The Ministry of Justice in respect of regulated claims management activities details available and recorded at www.claimsregulation.gov.uk. Our registration number is CRM18808.

We are also registered with the Information Commissioners Office (ICO) for the handling of information covered by the Data Protection Act 1998.

what is PPI - Payment Protection Insurance?

If you have borrowed money on a loan, credit card or mortgage – you may have been sold or been forced to take out something that is called Payment Protection Insurance (PPI).  You may be owed thousands of pounds in compensation.  Payment Protection Insurance is designed to protect the borrowers’ ability to maintain their repayments in the event that they get sick, or unable to work through an accident or unemployment. 

If you have taken a loan out in the last 6 years with payment protection insurance, you could be eligible to claim back thousands of pounds in compensation. Out of 10 billion PPI policies sold, as many as 30 million policy holders may have a claim for compensation. In many cases, PPI is unnecessary as, according to the Citizens Advice Bureau, only 4% of people ever claim on their policies, and 1 out of 4 of those claims is refused due to small print exclusions.

Of course insurance can prove very important  – the problem for people whom purchase PPI is that the policy can offer little or no benefit.  The exclusions lists and payment schedules are designed for maximum profits for the banks.  Although this information should be obtained from you at the outset the lenders have tended to make a sale regardless of making sure the policy was suitable to yourself. This means when you come to make a claim, the insurance usually doesn’t cover your needs. 

how do I know if i have been mis-sold a payment protection policy?


When you were sold the policy your advisor should have made sure the payment protection insurance was appropriate for your circumstances at the time the advice was given.

Please check below to see if any are applicable to you:

  1. You were told you had to take out PPI or you would not get the loan
  2. You were self employed or unemployed at the time of the loan
  3. You felt pressured into taking the PPI
  4. You paid off your loan early and never got a PPI refunded
  5. You were told with PPI you had a better chance of being accepted for the loan
  6. You were lead to believe that the PPI policy was compulsory
  7. You increased or topped up your loan and the PPI was added automatically

can i reclaim on any PPI policy?

Your claim for compensation is dependent on when you took the insurance. PPI sales only came under the jurisdiction of the FSA in January 2005. Any sales made before then are not covered by the latest rules.

However, it may still be worth complaining if you feel you have been mis-sold. If you bought before January 2005 it is likely that they will have been covered by a previous regime of rules. This means that the Financial Ombudsman Service will be able to consider these complaints.

If you took PPI after January 2005, your claim is subject to the latest rules.

Don’t forget that our no win, no fee. If we are unsuccessful with your claim you will not have anything to pay.

If you believe you are entitled to claim then please CLICK HERE to complete our application form. An experienced advisor can be contacted on 01625 428899.

Alternatively, we understand that some of our client can be uncomfortable claiming over the internet. If so please call us and we will arrange for an application pack to be sent to you.