Anybody who has been mis-sold payment protection insurance deserves a full refund. However, many people aren’t sure whether it is worth their time to file a claim because they don’t know how much they are owed. Our calculator is very helpful, but we recommend all customers file a claim regardless of what they are owed. We will work hard to help you get your money back.
How Our PPI Calculator Can Help
The FOS uses a number of factors to calculate PPI refunds. That makes it difficult to determine the exact size of your refund. However, there are some general guidelines that can help you estimate how much you are owed. Here are some of the figures you will need to work out your potential PPI refund amount:
- The type of loan that you took out
- The lender that you have the loan with
- The percentage of your loan that went towards PPI
- The amount of time that you have been paying the loan
- The interest rate charged on the loan
Make sure that you have this information before using our calculator. This will give you a good estimate of how much of a refund you could receive.
Should You File a PPI Claim?
The Short answer is, “Yes, you should”. Anybody who has been mis-sold PPI is entitled to a refund. Here are some reasons you may be entitled to compensation:
- The bank engaged in deceptive marketing practices. They either didn’t tell you that they were charging you for a PPI policy or lied to you about the terms of the plan.
- You purchased PPI with your loan, but were denied compensation after becoming ill or unemployed.
You should consider filing a claim if any of these situations apply to you. We can help you file a claim if you don’t know how to proceed on your own. To start your PPI claim or to talk to an adviser about reclaiming your PPI premiums, call us now for free on 0800 031 6078, or fill out the short form above and we’ll call you back.
We Will Help You Calculate Your Refund and File Your Claim
PPI Claims Adviceline has helped many people file PPI claims over the years. Please don’t hesitate to contact us if you need any help. We can help you use this calculator to estimate how much you are owed. If you are interested we will proceed with your case.
We work on a strict a no win no fee* basis and our customers have received compensation worth millions of pounds.
To start your PPI claim or to talk to an adviser about reclaiming your PPI premiums, call us now for free on 0800 031 6078, or fill out the short form above and we’ll call you back.