Read our PPI guides and learn all about Payment Protection Insurance, What is PPI?, sales practice, PPI limitations & exclusions, Cold calling and PPI Scams.
What is PPI and How was it Mis-sold?

What is Payment Protection Insurance? Payment protection insurance (PPI) is a type of insurance intended to help borrowers meet repayments, in case of sickness, unemployment or any other circumstances that would leave them unable to pay. It tends to be offered alongside many financial agreements, such as credit cards, loans, and mortgages. While there is...
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How was PPI Mis-sold?

Top five PPI Mis-selling Sales Practices There are many reasons that your PPI policy may have been mis-sold, but some are more common than others. The most common of which include: 1. You were self-employed or without a job when the policy was sold If you were unemployed or self-employed when your PPI policy was...
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What did Payment Protection Insurance Cover?

PPI cover - Different benefit levels Usually PPI was sold alongside personal loans or other kinds of finance, typically store or credit cards. The amount of money payable under polices tended to be based on the current balance of the account, with the cover expressed as a percentage of the outstanding amount. This sum would...
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What did PPI Cover Exclude?

PPI Cover - Typical Exclusions Within every PPI contract there are a number of exclusions, however not every exclusion is part of every PPI contract. In order to find out which exclusions apply to your particular contract you will need to read the policy conditions given to you. The exclusions included in PPI contracts are...
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Pre-existing Medical Conditions

PPI Insurance Policies and Pre-Existing Medical Conditions? One of the main reasons that companies refused PPI payouts was because of pre-existing conditions, and they often applied very liberal use of the term. In many cases - particularly with back problems - they linked illnesses and injuries to pre-existing conditions, regardless of whether or not this...
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PPI Cold Calling and Scams

While a lot of cold calls about PPI are perfectly legitimate and harmless, there is an unfortunate undercurrent of scams attached to the industry. It’s easy to see why people are drawn in by these scammers, as an average payout of around £2,750 makes it very tempting to accept an offer of “guaranteed” PPI reclaim....
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Glossary of Financial Terms for PPI Claims

There are many financial terms which we may not have heard of before, so do not know what they mean. To help the people understand what they mean, below is a list of the most common terms and acronyms with a simple explanation of what they mean: APR: Stands for Annual Percentage Rate - the amount...
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