Banks and lenders have mis-sold PPI for years taking money from ordinary people. Now with PPI claims it is your turn to get the compensation you may deserve due to this unprecedented scandal.

What is the PPI scandal?

Payment Protection Insurance (PPI) is an insurance policy often attached to loans, credit cards, car finance and many other forms of credit to cover repayments in case of accidents or sickness. Sounds alright so far - but the scandal is that 53 million PPI policies were sold to customers, many without them the customer knowing and many more which were unsuitable or even worthless.. 


This means anyone who has taken out a loan, credit card or any other finance in the last 25 years may have been over-charged.

Why should I check if I have PPI?

If you were mis-sold PPI, you may not have even known you had it.


PPI policies were often hidden within complicated finance agreements making the cost of the policy enormous. If you are unsure, the only way to find if you have a claim is to check.


For years, no one knew about the scandal. But now you can check for PPI for freethousands of people are claiming the compensation they deserve.

You may have heard of PPI on TV, but did you know the average payout for claims is £2,750? That's not a random number - the Telegraph, BBC and many other news stories all report that figure.


And that's just the average. According to the BBC, one woman earned up to £65,000 in a single claim. Some people have claimed over £100,000*. 


Since 2011, over £26,000,000,000 has been paid to customers who complained about the way they were sold PPI -  

 that's £26 billion. 

However, over £44 billion PPI policies were sold between 1990 and 2010. That means billions are potentially up for grabs.

UK banks have reportedly set aside more than £40 billion for PPI compensation, with Lloyds contributing the largest with provisions of £17 billion. 


If you have taken out any of these account types, you may be able to claim part of that £40 billion:

  • Bank loans
  • Credit cards
  • Store Cards
  • Car Finance

"I took out my loan years ago - Do I still have time to claim?"

Yes, there is still time to check for PPI.


If you have taken out a loan, credit card or any other finance between 1985 - 2008 you may still have a valid claim. 


Some people have successfully reclaimed £1,000s for PPI policies sold to them in the late 1980's. So even if you haven't taken out credit for years, it is still worth checking for PPI.


However, time is running out... 

The Financial Conduct Authority (FCA) have set a deadline for PPI claims of 29th August 2019.


All claims need to be made by this date. After the deadline, no further claims will be accepted. If you don’t claim by the deadline, you will not be entitled to compensation – even if a policy was mis-sold to you. 

Although there may be instances where the lender is unable to trace you, you will be informed if this is the case and may be asked to provide further evidence. 


If you think you may have been mis-sold PPI - check for PPI for free today.

"How do I find out if I've been mis-sold PPI?"

If you remember all the lenders you have had previous finances with, then you can write to them all individually and wait to see if you had any PPI attached. 

But what if you can't quite remember them all? Or maybe you feel you don't have time to sit down and write to everyone you've ever had finance with.

Luckily, there's another way...


You could fill in this simple form to start your free, no-obligation online PPI check.


"Banks braced for additional £22bn in PPI claim payouts" -

"Barclays adds £400m to payments" - The

"PPI claims to rise again as FCA proposes deadline extension" -

"Serious risks of further financial services mis-selling, MPs warn" -

"A father from Essex has received over £82,000 for mis-sold payment protection insurance (PPI)" -

Step 1: Select your age below

Step 2: Complete the short form

Step 3: See if you have PPI to claim

By Alex Tennant





By Alex Tennant  | Money Tips Feed

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Money advice, where it counts

 1."53m PPI policies were sold to customers" -
2. "the average payout for claims is £2,750" -
3."PPI: One woman's £65,000 compensation payment" by Ian Pollock

4. "over £26bn has been paid to customers" -

5. "over £44bn PPI policies were sold" -

6. "UK banks set aside more than £40bn" -

7. "FCA have set a deadline for PPI claims of 29th August 2019" -

*All figures quoted are before any tax deduction is made against statutory interest. If you choose to pursue a claim through a Claims Management Company, their fees will be payable from the money you receive.

"45 million PPI policies were sold to customers" -
"over £44 billion PPI policies were sold" -

DISCLAIMER: We may not be able to help you if you have already claimed, are in arrears or any kind of insolvency. 

M G Financial Limited is registered in England, Company Registration Number 6547196. The registered office address for M G Financial Limited is 25 Orchard House, 17 Summerwood Lane, Halsall Business Park, Halsall, Lancashire L39 8RG.
M G Financial is regulated by the Claims Management Regulator in respect of regulated claims management activities. It’s registration is recorded on the website Authorisation number CRM14650.
M G Financial Limited is registered with the Information Commissioner’s Office under registration reference Z1711964.
This site is owned by Flexx Digital who are registered in England and Wales at 68 Goldstone Villas, Hove, East Sussex, BN3 3RU


Did you have PPI? Are you owed £1,000 … £2,750 … even £6,500?


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