INFOGRAPHIC: Common PPI questions – busted!

There are many questions we get asked by customers or those looking to make a PPI claim, and there are some which come up on a regular basis.

We thought we would create an easy to follow, visual infographic to help bust those common queries to give you a clearer idea of how it all works.

We hope you find it useful, but if you are still wondering about something, please do not hesitate to get in touch with us on 0800 849 8060.

In the meantime, don’t forget – YOU could be owed £1000s in mis-sold PPI cover so get in touch with us today!

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INFOGRAPHIC: Top Tips For Earning Extra Money

Over on our Facebook and Twitter channels, we’ve been sharing a lot of articles and news stories focusing on tips to #SavingPennies – simple things you can incorporate into your life to try and cut costs.

In this infographic, we’ve shifted the focus to share some top tips on how YOU could earn extra money, not just saving it. From selling unwanted items and renting out your car parking space, to pet or baby sitting and earning royalties from your website, there are plenty of ways you can benefit from additional payment.

Don’t forget too, that with up to 90% of PPI policies thought to be mis-sold, this means YOU could be owed thousands of pounds – which could make a massive change for you just in time for summer. Read on to find out!

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Infographic: What Could You Buy With Your PPI Claim?

With great excitement, we recently announced that we have now handled over 25,000 claims and helped 60,000 clients with their mis-sold payment protection insurance claims – a total of £16 million!

We receive some wonderfully positive reviews from our customers who have reclaimed what is rightfully theirs, so we thought we’d share some of these stories with you in this infographic.

Imagine if YOU had an extra boost of money this year…Check out just some of the ways in which you could potentially spend these claim back amounts.

You could be one of our satisfied customers so don’t delay, and make your claim today!

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INFOGRAPHIC: How to apply for PPI

PPI is a type of insurance policy that many people took out to help cover repayments on loans and credit cards in the event of being unable to pay the loan back due to sickness, unemployment or an accident.

With up to 90% of PPI policies are thought to be mis-sold, this means YOU could be owed thousands of pounds. But where to start? Claiming back your mis-sold PPI with The PPI team is easy,

which is why we have created this infographic to outline the basics and show the breakdown of the process.

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Does the PPI market have much time left?

It feels like the PPI claims scandal has been rumbling on for almost as long as the banks were fooling customers into paying for the unnecessary insurance policy.

With so much media coverage of the scandal over the last year or two, it would be easy to think that every customer who is owed money has now received compensation.

Yet, as research shows, the PPI scandal is far from over and there is still plenty of opportunities for PPI claims to be made.

Ongoing scandal

The Financial Ombudsman Service revealed recently that it received a whopping two million enquiries and complaints from consumers last year – an increase of 92% on the previous year.

It went on to say that PPI claims have accounted for almost three quarters of its workload over the last 12 months, demonstrating that this scandal is far from over.

With an increase in complaints that banks are failing to deal with PPI claims properly, Now is as good a time as ever to let PPI claims handlers manage the process for you.

Still time left for PPI customers

Experts estimate that the PPI scandal could end up costing banks as much as £15 billion, and with £9 billion paid out already there is still a long way to go.

So, there is just as much reason as ever for consumers who believe they might be have been mis-sold PPI to get in touch.

To speak to us about helping you make your PPI claim please call 0800 849 8660 or email info@theppiteam.com

(Source: http://www.theguardian.com/money/2013/may/29/ppi-complaints-ombudsman-banks-claims)

You agreed to your PPI but could you still make a claim?

Despite all of the success stories where people across the country have successfully claimed a PPI refund from the banks many people are still not claiming because they think they agreed to the policy fair and square.

As the PPI scandal grew and it became a bigger target for the Financial Services Authority the aggressive mis-selling of PPI policies slowed down and banks became more cautious about how they were selling it to people.

Worthless PPI policies should still be refunded

However just because you agreed to the terms and conditions does not mean that the policy was mis-sold. In many cases, even where you think that the policy covered you against loss of earnings or sickness you would have been in for a nasty surprise if you tried to claim.

Many sellers neglect to ask about your employment status at the point of sale and most PPI policies do not cover people who are self-employed unless you go bankrupt. If you are a contractor or work for a temp agency you would not be able to claim. If either of these situations apply to you then your cover was useless and most likely mis-sold.

Mis-selling of sickness protection cover

Many people who have sickness cover included in their PPI policy do not need it because their job already had excellent sick pay conditions. In this situation the lender really should have offered you a cheaper policy that excluded the sickness cover element.

If you can show that you would be able to repay the loan with existing resources when ill or if you were not asked about your medical history and warned of any circumstances where you would be unable to claim, you have a right to complain.

Even more exclusions from PPI policies

Your policy is also probably not worth anything if you have retired and most banks or insurance companies will also refuse to pay out in the months leading up to retirement. Students are also ineligible to make a claim and are common victims of bundled PPI cover that is of no good to them.

It gets even more complicated if you work for a family company, the lender would most probably argue that you are technically self-employed and refuse to pay out on a claim.

How to make a PPI claim

So there are a whole host of situations where you can claim a refund against a PPI policy but it can still be a daunting task to undertake. The PPI Team can argue your case for you and draw on our experience of completing successful claims to make sure that you receive the money that’s owed to you.

Call us today on 0800 849 8060 and speak to an expert about your PPI claim

 

Can you make a PPI claim?

With stories of mis-sold PPI compensation figures numbering in the tens of thousands of pounds it’s the question everybody is asking.

Surely everybody who can claim back PPI already has?

The PPI scandal has received huge media and press attention and it’s likely you don’t go through a day without seeing an advertisement related to it. You might think that with all this attention that if you had not made a PPI claim by now then you probably don’t have one to make.

Whilst it is probably more true that people now know what PPI is, many people are still not aware that they even bought it to begin with. It was usually called something else such as sickness and unemployment cover or credit protection.

So how do I know if I have PPI cover?

The easiest thing to do is dig out your documents and check the small print. If any form of payment protection or insurance was sold to you as “essential” or included as a mandatory condition of taking out the policy, you probably have a claim.

When you took out the original policy you should have been presented with a choice of at least two payments and given the right opportunity to opt out of PPI if you did not want to pay it.

If you read through your documents and you’re still not sure then we can help, call us on 0800 849 8060 and speak to an expert. Even if you can’t find your documents we can usually assess your claim by asking you a few simple questions.

I think I might have PPI on my policy, can I claim a refund?

Not every PPI policy can be claimed against but if you still have a policy running or it was sold to you within the past six years you are likely to have a claim.

Once you know that you have a policy it comes down to how you were sold it. Check if you received the full terms and conditions prior to signing for the policy and see if a suitable cooling-off period was offered. If you were told there was no option about taking out the policy when you took out a loan then you have almost certainly been mis-sold PPI.

If you think you might have a PPI claim but don’t know what to do next we can help, our experts are waiting by the phone to take your call, we will deal with your claim on a no win, no fee basis and you are under no obligation to proceed. Call us on 0800 849 8060 today.