how much PPI compensation ARE YOU owed ?
Millions are still owed money from mis-sold PPI and are entitled to make a claim. One of the most popular questions we get asked is, “How much could I be owed?” Without having the exact details of your borrowings, the payment dates and the interest rate, it’s difficult to put an accurate figure on it. Please try our calculator below to get an indication of what you may be entitled to receive if you were mis-sold PPI.
Please note that any figure produced by the calculator, using the information you provide, is only intended as a guide to show you what you could be owed if your PPI is found to have been mis-sold. If owed, your actual refund amount may vary, depending on variants which may be involved in a claim.
WHAT ASSUMPTIONS DOES THE CALCULATOR MAKE ?
Loan PPI Calculation
Credit Card PPI Calculation
Mortgage PPI Calculation
HOW OUR PPI CALCULATOR WORKS?
How we calculate PPI redress on Loans
How we calculate PPI redress on Credit Cards
How we calculate PPI redress on Mortgages
BASIS ON WHICH PPI CALCULATIONS ARE MADE
Our calculators perform pure PS10/12 calculations. They do not deviate from the prescription or use any assumptions about how you may have behaved differently if the PPI had not been there. However, we should also say that they are not intended to be a definitive answer to the true value of your claim because sometimes, assumptions and changes from the formula can be fair and reasonable.
PPI Calculator FAQs
Plevin PPI Claims
A new ruling, called ‘Plevin’, came into effect on 29 August 2017 and deals with high levels of PPI commission charged. In this instance commission is a reward paid to a bank or other provider by an insurer for the sale of PPI. If you had PPI, the money for this commission would come out of the payments you made for the policy. This means you can make a fresh claim under new Plevin ruling even if your initial claim was rejected.
Expat PPI Claims
Did you have a loan, credit card or mortgage in the UK between 1988 and 2014? As a British Expat or Non-UK National who has lived in the UK for a long period, it is likely that finances were arranged while you were a resident in Britain. This may include loans, mortgages or credit cards and, even though you are no longer living in the country you can still claim mis-sold PPI. You could be eligible to claim for mis-sold PPI!
Armed Forces PPI Claims
Armed forces personnel have cover for sickness, accident & unemployment built into their salaries. This protection means that if a member of the armed forces was unable to work due to one of these reasons, they would still be able to meet any mortgage, loan or credit card repayments they had. So any PPI insurance policies would NOT have been appropriate.
