Payment Protection Rebate
According to the most recent statistics, more than twenty million PPI policies are attached to loans, credit cards and mortgages in the UK alone which accounts for an estimated £5+ Billion pounds of annual revenue. Payment protection insurance, most commonly referred to as PPI, is controversial, though, and has often been dubbed as the 'biggest protection racket of all time.'
Problems with Payment Protection Insurance
The main problem with PPI is it is expensive, has a high number of exemptions and has been frequently mis-sold.The news is not good for lenders in the UK as the number of people making payment protection insurance claims for a rebate is reaching record highs and is expected to literally explode in the coming weeks and months.
Are You Eligible for a Payment Protection Rebate?
One question on everyone's mind at the moment is whether or not they are eligible for a payment protection rebate. The answer to that is quite simple. If you were mis sold payment protection insurance and can prove that the lender mis sold the cover then yes, chances are very good that you are eligible for a PPI refund.
If you would like assistance making your claim or would just like more information, call our claims team on 0207 471 2000
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