Payment Protection Insurance(PPI) is an insurance policy which is taken out alongside various forms of finance and credit. It is designed to cover your monthly finance repayments when you are unable to meet them.
The policy is most likely to have been taken out at the same time you obtained finance, even though you may not have been aware that you were taking it. These policies are usually sold as part of the deal when you take out loans, mortgages, credit cards or finance for high value items such as cars.
The insurance was designed as a product that would cover your monthly finance repayments if you were ever unable to work. It was designed to cover those who had been made redundant or had become unemployed through no fault of their own, or those who had suffered an illness or accident which made them unable to work.
How can I check for PPI?
Whether you know if you have PPI or not, our free check process will tell you everything you want to know. We will conduct an Subject Access Request with your lender and they will look at your finances and see if there is PPI on any of your borrowings
If you are entitled to make a claim then we will be more than happy to help you manage this process. If you choose to do it on your own then we will advise you as best we can as you are under no obligation to use our service to claim back any mis-sold PPI.