Why you can claim
The Financial Services Authority (F.S.A.) has recently fined a number of high street banks and loan companies because they have mis-sold Payment Protection Insurance, and therefore there is a good chance that if you have taken out a P.P.I. policy you could get your money back.
Often it was not fully explained to you when you took out your loan how much your P.P.I. policy would cost or the sales person may have been pushy insisting that you should take out a P.P.I. policy.
Most P.P.I. policies do not cover existing medical conditions and you may not have been asked about your medical history when you took out your loan.
You may have been entitled to sick pay from your employer in which case your had no need for Payment Protection Insurance.
You may have been on a temporary contract from your employer so you wouldn't have been covered by a Payment Protection Insurance Policy.
You may have been self employed so the policy wasn't suitable for you.
If you were due to finish work to have a baby, retire, return to education, or knew you were about to be made redundant then the policy may not have paid out.
The cost of the policy may have been added to the initial loan and you were paying interest on the policy.
You had an existing policy that would have covered you.
It was not explained to you that you could take out a Payment Protection Policy from another provider possibly at a cheaper cost.
You may have had to opt-out of taking P.P.I. cover by ticking a box, if this is the case you can make a claim.
Use our Quick Apply to process your claim.