Payment Protection Insurance (PPI)

www.simpleclaim.co.uk is regulated by the Ministry of Justice in respect of regulated claims management activities. Its registration is recorded on the website www.claimsregulation.gov.uk.

If you have taken out an Unsecured Loan, Secured Loan or Car Finance there is a strong possibility that you will also have had added to your loan a payment protection insurance premium. Not only will you be paying up to 50% of your loan in the form of this premium but you will also be paying interest on the premium over the period of the loan. This is despite the fact that the cover will only last for up to 5 years, even where the loan is for a period of as long as 25 years.
Also, the Citizens Advice Bureau has stated that up to 85% of claims are rejected by insurance companies as a result of the policy having been mis-sold.
There are many reasons for the policy having been mis-sold:

• You were unemployed at the time the loan was taken out.
• You may not even know you have got PPI insurance as some lenders added it without your consent.
• You were told by the lender that unless you took out the insurance you would not be able to get your loan.
• You were not advised of any medical exclusions on the policy.
• You were not advised that you could have taken out a separate monthly premium policy rather than having a very expensive single premium being added to your loan.
• The terms and conditions of the policy were not explained to you.

We have a panel of Solicitors who will deal with your claim in a professional manner and obtain the maximum compensation available to you. Your claim will be dealt with on a no win no fee basis. You will not be charged any up front fee and will only pay a fee of 25% plus VAT of your compensation on successful conclusion of your claim.

Please call us on 0845 649 2009 or complete our online enquiry form and we will call you at a time to suit your convenience.