PPI Claims

iSmart Consumer Solutions are specialists in PPI claims management. We think smarter when dealing with PPI claims to get you the refund you deserve. We are specialists in PPI claims management, mis-sold Payment Protection Insurance claims and claims for unfair bank charges. We have already provided assistance with claims to 100,000 customers. For these customers we have recovered more than �54 million in claims for PPI and unfair bank charges.

What is Payment Protection Insurance (PPI)?

An insurance policy, usually taken out alongside mortgages, personal loans, credit cards and finance for high value products. Payment Protection Insurance (PPI) is a safety net designed to cover monthly payments if you are made redundant or if you are unable to work because you fall ill or you suffer an accident. Claims can usually be made on PPI policies for a period of 12 months.

Who sells PPI?

PPI is sold by banks, loan companies, finance companies and credit card providers at the point of obtaining finance. It is also sometimes sold by retailers when signing up for store cards. PPI can also be purchased from brokers and other insurance providers after obtaining finance, but it has been found many customers aren�t aware of this.

When are PPI payments made?

PPI is usually paid for each month as part of your loan repayments or is added to your monthly credit card bill. Single Premium PPI policies also exist, this is where the insurance is paid for up front and the money to pay for it is added to the finance you are taking out. Single Premium policies prove very expensive for customers as interest is paid on the cost of the insurance. Should you wish to cancel the policy, you will often be told it cannot be cancelled without recalculating the entire loan.

Can you make a PPI claim?

Research by the Financial Services Authority (FSA) has found millions of cases where PPI has been mis-sold. The FSA found several reasons for PPI being mis-sold. You may have a claim for mis-sold PPI and could be owed thousands. Think smarter and start your mis-sold PPI claim today. If you have a mortgage, loan, credit card, store card or have obtained any other finance in the last 10 years, there is already a good chance you can make a claim for mis-sold PPI. Mis-sold PPI claims are more common in the UK than many people realise. Around 90% of the UK public have a credit card or a loan and there is a chance all of these people could have a claim for mis-sold PPI. FSA research shows the main reason for the mis-selling of PPI is because customers are not given the correct information at the point of sale. Are you unsure whether you have a PPI policy? If you have a credit card you can establish if you have a PPI policy by checking your monthly statements, as it should be stated. If you have a personal loan, mortgage or any other finance, you should check the original agreement but it might not be so obvious. If in doubt contact your lender to find out if you have a policy. You may be eligible to claim back your PPI payments if any of the following cases apply to you: - You didn�t ask for a PPI policy, but it was added anyway - You were informed PPI was compulsory or that by taking it, you would have a better chance of obtaining finance - You wasn�t made aware payment protection was optional or that you could purchase cheaper cover elsewhere - The policy exclusions were not pointed out to you for example, the terms for cancelling the cover or significant exclusions such as stress and back problems - You were unemployed, retired or self-employed when you took out the cover if so, you would be unable to make a valid insurance claim - You had a medical problem or illness at the time of taking out the cover that could have kept you from working PPI is unsuitable insurance cover in this case - If you were sold a Single Premium policy, you should at least be able to get a refund by cancelling the PPI - Many policies have an upper age limit, usually 65 or 70. You claim if you were older than this at the time of taking out the PPI policy - If you already had alternative cover that could insure your repayments such as income protection or an employer illness or redundancy package but were not asked about this, you could claim - If you bought PPI to cover a long term loan, there is a chance that the insurance will run out before the loan is repaid. Many PPI policies will not cover the full loan term; the seller should have explain this limitation. If they didn't, you can claim. If you believe any of the following apply to you, you may have a mis-sold, mis-represented or mis-informed PPI claim. iSmart can help you think smarter by beginning the process to reclaim your PPI payments.

Making claims for PPI....

If you believe you have been mis-sold PPI, iSmart Consumer Solutions can help reclaim any payments you have made for a wrongly sold policy. By filling out our online application form you can start the process for reclaiming your mis-sold PPI. Our specialist team will then begin working on your PPI claim. For more information on PPI claims, you can call one of our specialists on 0800 043 3025