How Big is my PPI claim?
This important question, and others, answered by a leading, specialist claim management company: Payment Protection Scotland!
How much money could I claim for mis-sold payment protection insurance (PPI)?
This is a frequently asked question and we are not surprised! The web and media are full of stories relating to big PPI pay-outs so that people think that they are entitled to claim thousands of pounds in compensation.
This may be the case or it may be that you get a few hundred pounds back. There are several factors that affect the size of your PPI compensation claim:
- How many policies? Some people have more than one PPI policy, so check your accounts carefully.
- How long have you had them for? PPI policies were sold from 1980s onward and so if you have a PPI policy from long ago, you could have a sizeable claim on your hand
- How the premiums were calculated? On credit cards, the premium changed from month to month as it was charged as a % of the amount outstanding on the account each month.
What is the biggest claim to date?
A business women received £65,000 in PPI compensation some years ago. She had two credit card accounts, both of which had PPI on and she had these accounts for a number of years. They were also at their limit a lot of the time thus, the PPI premiums she paid were high. Hence, her fabulous and rather unexpected windfall.
How much does it cost to make a claim for PPI compensation?
When you do it yourself, it costs you nothing. We charge a small fee for helping you make claims, payable once you have received your compensation. If we don’t win your case, you pay us nothing. This is called no win, no fee. It means there is no financial risk to you.
Why should I use a claim management company?
There is no reason why you should use a claim management company but many people do so through their own choice. It could be a confidence issue, or they may be so busy with their daily lives that the thought of chasing the bank for money fills them with dread.
As a claim management company, we specialise in PPI compensation claims and have done so for a number of years. We have a high success rate, something we prize and continue to do so with a robust assessment of your potential claim.
Why not contact Payment Protection Scotland to find out more? There is no obligation!