Payment Protection Insurance was originally designed to protect those who took out loans, credit cards and mortgages should they fall ill, lose their jobs or in some way be unable to work and keep up the repayments.
Billions has so far been refunded to those who were deemed to have been ‘mis-sold’, either by aggressive selling techniques or those who were just lied to and sold policies they didn’t need and were actually ineligible for them.
PPI has been the biggest scandal to ever hit the financial industry, with nearly £30 billion so far shelled out by the UK banking so far in compensation.
The PPI scandal began in the 1990’s, but the revelations didn’t really come to the fore until the late noughties and it seems that new revelations regarding mis-selling appear almost every week.
If you’re due a refund, then visit our processes page and begin a free claim check now.