The FCA has fined banks and the banks have now set aside billions of pounds. Since 2011 over £26.7bn* has been paid out to customers who were mis-sold PPI. However much of the money set aside remains unclaimed.
July 2017 UPDATE: PPI Deadline has been announced by the FCA as August 29th 2019
What is PPI?
Payment Protection Insurance (PPI) is an insurance policy added to mortgages, loans, etc. It’s there to cover your repayments should you fall ill, have an accident, or lose your job.
Do I have PPI?
If you’ve ever had a mortgage, credit card, loan or car finance you should check for PPI. PPI has been mis-sold for decades by banks and lenders to unaware consumers.
How Can I find out if I have PPI?
You could – of course – go back through all the mortgages, loans, credit cards and finance agreements you’ve ever had. Then contact each company individually. And do your best to make a claim each time you find any evidence you’ve been mis-sold PPI.
Checking for PPI is easy select your location below