Personal Finance Information

PPI: The Biggest Mis-Selling Scandal In History

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Banks continue to set aside further money to refund customers

PPI was mis-sold for decades, and the sheer scale of the mis-selling means that thousands of people who were mis-sold PPI are yet to claim back what is rightfully theirs.

PPI was designed to cover repayments in the event of sickness, injury or unemployment. However, PPI was mis-sold because:

  • Consumers never asked for PPI
  • Consumers did not want PPI
  • Consumers did not know they were paying for PPI
  • Some consumers did not need PPI

Checking for PPI can be a headache! Using a CMC can help with the process.

Barclays have recently set aside a further £400m (inc Administration costs) to compensate customers who were mis-sold PPI.

If you have or have had a loan, credit card, mortgage or car finance, then you should check whether you had PPI with it. It really is surprising how many people are sure they never had any PPI.

Peace of mind and clarity over PPI is good news for consumers

Even if you are not sure if you ever had PPI on your credit cards and loans, you could find out for free*. You can now find out without a phone call too. Start with a FREE* PPI Check.

Start your PPI check with The Claims Guys

Step by Step Process


Topics in this post:

PPI Personal Finance Money Credit Cards Loans Banks