PPI Rebates “claiming for consumers since 2004”

Have you been sold Payment Protection Insurance?
Then you are probably due a cash rebate of around £2,500 read on to learn about our risk free, extremely competitively priced No Win No Fee service.

What is Payment Protection Insurance?
Payment Protection Insurance is sold alongside Loans, Credit Cards and Higher Purchase, it is designed to pay your monthly payments in case you are ill or made redundant.

Where has it gone wrong?
The Financial Service Authority has investigated the sale of Payment Protection Insurance and these are a few of the findings;

• Very few customers were told that the cost of the Payment Protection Insurance would be added to the loan as a single premium and that the interest would be charged on this amount.
• Only half of customers said that they were told about the key limitations and exclusions of the policy in order to establish the needs and eligibility of the customers.
• Many customers were not told of the monthly costs or the total cost of the policy.
• A percentage of customers were unaware that Payment Protection Insurance had been added to the policy.

July 2008 after a long investigation into Payment Protection Insurance, the Competition Commission found these average insurance payout ratio’s,

Car Insurance 78%
Home Insurance 54%
Mortgage PPI 28%
Personal Loans 15%
Credit Cards 11%

This means that for every £100-00 spent on car insurance they pay out £78.00 for car insurance, for Credit Card PPI they pay out just £11.00 making this a highly profitable product.

How much may I receive?
This depends on how much you have borrowed, look at these figures as a guide remember you will receive a full rebate plus 8% interest and the true cost of the policy refunded.