According to an examination by’s monetary service providers, PPI could go on for more than four years. Till just recently, PPI was offered at the time you took out a loan, credit home mortgage, vehicle or card finance deal – the concept being that PPI would cover the monthly payments on your credit agreement if you ended up being ill or lost your task.
There’s also a chance that you could have been offered PPI without realising check it out – in many cases the salesperson didn’t discuss the PPI policy at all when you bought it, or said you had to secure PPI or that you had a much better chance of getting the loan if you took it out.
Had it not been for Claims Management Companies, such as PPI Claims Scotland, part of Caledonia Claims Ltd, countless individuals would never ever have actually known about or gotten ₤ BILLIONS in payment for mis-sold PPI.
The banks might have conserved billions of pounds by simply composing to all of their clients offering a refund and admit that they have actually been wrong how much will i get back from my ppi claim all along by forcing PPI upon its customers, nevertheless they have chosen to still try and trick the UK public.
You may not know however the just the 5 greatest banks in the UK have actually currently set aside over ₤ 22,000,000,000 (₤ 22 BILLION) to pay out compensation for refunds of mis-sold PPI that they stole from their customers.