How much can I claim?
You can claim back mis-sold PPI costs plus interest for the last six years. We calculate this for you once we have all of your papers and have contacted the PPI seller.
The price paid for payment protection insurance can vary quite significantly. Typically the price falls between 25-30% of the amount that the consumer wishes to borrow, and can be charged on a monthly basis, or the full amount can be borrowed from the provider up-front to cover the cost of the policy ("Single Premium Policy").
In these circumstances, as the money is borrowed from the provider to pay for the insurance policy, they charge additional interest for providing this funding, typically at the same APR as is being charged for the original sum borrowed. This further increases the effective total cost of the policy to the customer.
Payment protection insurance on credit cards is calculated differently. If the balance is not paid in full each month, a customer will be charged typically 1% of their card balance on a monthly basis as the premium for the insurance.
To get a rough idea of how much you might be able to claim, use our simple
PPI Calculator.
For more information, call us on
01727 884 860 or simply fill in the online application form on the right. Our advice is free and completely confidential so why not give us a call today...
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