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Scotland Wide PPI Specialists

PPI and Debt

14 August 2017

We get many enquiries from people who want to know if they have PPI and if they can claim it back, especially when they are in debt or behind with repayments. Everyone is entitled to claim their money back and we are the people to help.

Many people struggle with debt. The boom on the late 1990s and early 2000s was fantastic in so many ways. But it was a financial empire built on thin ice. The collapse of the international bank, Lehmann Brothers brought about the latest recession.  As a result, in 2008, many countries found themselves plunges into the murky world of debt and austerity measures.

Slowly, the economy has been getting better and recent reports suggest that the UK economy is set to grow at its fastest rate - outshining many other economies of developed countries in the Western world.

But, for many of us, the times are not yet better in terms of finance. We are still struggling with debt and claiming back PPI compensation is something theythinkthey are entitled to do but are unsure. Customers in debt or arrears don't want to open up a potential 'can of worms' linked to their debts…

You can still claim PPI compensation

Many people think that the door to claiming PPI compensation is firmly closed because they have debts which feel or seem insurmountable.

But this is not the case. If you have been mis-sold PPI and have debts, you are still able to claim compensation.

What happens to the money?

The bank or lender will offer you the PPI settlement as they would any other customer who are not in arrears. They cannot wipe out your loan or deduct the amount from your arrears. It is YOUR money and your decision how you spend it. Many people do use a PPI windfall to tidy up debt and be debt-free for the first time in years.

Do you have debt and think you have a PPI claim?

If you do, then you need to call us as we are the people to help. We work with anyone who has a genuine claim for PPI compensation to claim back every penny that is theirs. Some claims can be more complex that others but we charge the same flat fee of 25% to all customers.

Why not see if you have an eligible claim and how you can claim back this cash with our help? All you need to do call us and we can get the compensation ball rolling…