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What is PPI Mis-Selling?

In many instances a borrower has been told by a lender or provider that Payment Protection Insurance (PPI) has to be taken out in order to obtain a loan or credit card account. This is clearly incorrect.

Also, many borrowers have been sold the insurance when they were unemployed or on benefits and very often medical exclusions on the policy were not explained to the borrower.

Can I claim PPI on my credit card?

Yes, you can and you can claim for misselling of PPI going back 6 years.

What is the average amount of compensation?

The amount of compensation will vary according to individual circumstances but can vary from a few hundred to several thousand pounds.