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PPI Premiums Increased Without Your Knowledge?

09 October 2009

Has Your Payment Protection Insurance Premium Increased Without Your Knowledge?

As many as 2 million consumers could have seen their Mortgage Payment Protection Insurance Premium increased without their knowledge.  

We believe a number of companies have actually increased the PPI Premiums associated with mortgage PPI arrangements while at the same time reducing the cover as they have become increasingly concerned about excessive claims. 

Mortgage holders in the UK fell into the PPI insurance trap because many mortgage suppliers automatically included payment protection insurance in their mortgage arrangements.  As a consequence, a number of PPI mortgage insurance arrangements were in effect irrelevant to many customers as they were paying for cover which they already had.

What can you do?
It has been widely published that millions of individuals have been mis-sold the Payment Protection Insurance which was either attached to a mortgage/loan or credit cards.

According to our research as much as eleven billion pounds of PPI  is reclaimable by millions of consumers who have taken out Payment Protection Insurance policies to cover their loans, credit cards or mortgages.

Many people are not aware they reclaim the money and as a result, financial institutions are getting away with it, inflating their already enormous profits. Many consumers should probably never have been talked into paying for PPI in the first place, as the protection in many cases is almost worthless.

We will investigate individual claims and only charge 25% plus Vat when the loan firm pays out, avoiding the need for costly up-front legal expenses. To make a PPI claim, click here.

To calculate how much can be reclaimed, please follow this link to our payment protection calculator