Millions of people in the UK fell victim to what was the worst financial scandal in UK banking history; payment protection insurance. A good portion have now claimed back what they were owed from the banks and lenders, however quite a few still haven’t.
A new cut-off date now appears to be imminent for some time in 2019, so if you’ve not yet found the time to make a PPI refund claim, then now would be a good time to get the process started.
‘Could I Be Due a PPI Refund?’
If you have PPI attached to any of your finance agreements and you believe you were mis-sold, you are in line for a refund. Simple.
What isn’t always so straight forward though, is locating the different instances of PPI. Payment protection insurance was sold in a multitude of ways in the 90s and 2000s. One of the most commonly used tactics was for the salesperson to simply add the policy on without the knowledge of the customer.
That’s the reason that many mis-sold customers have not claimed back yet, because they were unaware that they even had a policy.
‘How Can I Tell If I Was Mis-Sold?’
If you are a stickler for organisation, then there’s a good chance that you have the paperwork that will confirm your suspicions.
When you do this, remember that there will be times when PPI goes under a different alias. So it’s important that you don’t skim over this by mistake. Keep an eye out for the following:
- Loan Protection
- Credit Insurance
- Loan Repayment Insurance
- Income Protection
- ASU insurance
- Account Cover
- Payment Cover
Depending when you took out your finance, it’s very likely that PPI could be masquerading under a different name, so be vigilant.
‘What Can I Do If I Don’t Have the Paperwork?’
If you’re not one of those meticulous types, then fear not. There are two ways to check if you have PPI.
- Run a credit check on yourself, or
- Run a Free PPI Check with us.
Claiming What You’re Owed Through PPI Refund
We have an agreement with more than many banks and financial institutions, including; Barclays, Lloyds, Barclaycard, NatWest, MBNA, RBS, Santander, and HSBC – this means that we can claim for PPI refunds without account numbers or paperwork.
The agreements have slight differences from bank to bank, but realistically you just need your full name and address at the time you took out your policy.
Many of the lenders check their records for any instances of PPI, as well as their sister companies. These kinds of agreements have meant that we’re able to speed up the PPI claims process and spend more time guiding our customers through the process.
If you believe you were mis-sold, then why not fill out our free PPI check to see what you could be owed?