03 April 2015
Sometimes, the questions customers have regarding possible claims for PPI compensation are quick questions that do not need such detailed answers. Here, we have gathered together some quick fire question regarding the pursuit of compensation for mis-sold payment protection insurance…
The bank may contact you as they are being 'advised' by the Financial Conduct Authority to do so. The easy rule for PPI compensation claim is that if the loan was active in the last 6 years (that is, you were making payments on it), then you could claim. However, there are always exceptions to the rule so if you have a case, why not make a claim?
Without knowing all the details, it would be difficult to be completely accurate but between £1,500 and £2,000 would be a guesstimate.
It seems that you may well have a claim for PPI compensation. With this in mind, why not contact us to see if we can help you with your claim? The first call you should make is to the credit card company telling them to stop taking PPI premiums from your account!
Yes you can. EGG was one of the companies fined in the past for slow payments etc. so always worth striking while the iron is hot.
Yes you can, although there are circumstances that you will need to be aware of; for example, you may not receive compensation, if you claim is successful, as the money may be used to pay off your debts etc. Cases of debt and bankruptcy when seeking PPI compensation need not be complicated but it pays to get thorough advice on the best way to proceed.
It sure is! The purchase of PPI has never been compulsory!
Whether the account is closed or not is irrelevant. You can claim compensation for mis-sold PPI if it was actually mis-sold to you and the policy was active in the last 6 years.