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Scotland Wide PPI Specialists

Grab Your Share of PPI Compensation!

02 January 2017

The figures are astounding and eye-watering. And the extent and magnitude of the PPI compensation saga shows just how much money banks and lender were profiting from the sale of the policies.

And don't forget, that banks staff and representatives, on selling a PPI policy to a customer, also received a handsome reward in the shape of commission.

If you knew that in every monthly premium you paid, a lion's share was being paid to the bank, would you have queried the cost of the policy?

You probably would have done and along with thousands of other customers, you are now attempting to claim every penny of your money back.

But, let's take a look at the figures so far.

  • September 2016- this is the latest month that is listed on the Financial Conduct Authority (FCA) website. During this month, 23 banks and lenders in the UK who make up 95% of PPI sales reimbursed their customers to the tune of¬£247.6 million.
  • The total so far (January 2011 to September 2016)- stands at a whopping¬£25.5 billionand will keep on rising and rising until the PPI deadline of June 2019 rolls round.

Who would have thought, that PPI compensation would reach millions and billions of pounds? Isn't it time you claimed your share?

How to claim your share of PPI compensation

Step 1 - Find evidence of PPI

Examine every account on which your borrowed money, from credit cards to loans, to car finance to store cards. PPI may be listed as a separate payment or it may be included in the monthly premium you paid. Look hard and look again!

Step 2 - Call PPI Scotland

Call for a no obligation chat with a member of our expert team. They will give you more detailed information about the PPI compensation claiming process and how we can help you.

If you decide to go ahead with your claim through us, we will perform a quick, but thorough assessment on your claim, making sure we have all the information we need to go ahead and claim your money back.

You will also need to sign a few forms, giving us permission to act on your behalf.

Step 3 - Leave us to do all the hard work

We write the letter of complaint to your bank or lender, detailing your claim and why you are entitled to your money back. We also check any offers of PPI compensation against our figures and what the bank offer you.

Don't forget, you could have more than one PPI compensation claim as PPI was added to many, many accounts!

Step 4 - Enjoy your PPI windfall!