Reclaiming PPI on Credit Cards
PPI policy on credit card
Credit card PPI is a method of payment protection insurance is that is often sold by credit issuers so that in the event of the borrower being unable to work the an amount of the credit card payments are covered.
The sale of credit card policies has been encouraged by large commissions, as the insurance would commonly make the bank/provider more money than the interest on the credit card or loans being offered
Certain companies developed sales scripts which guided salespeople say only that the loan was 'protected' without mentioning the insurance or its cost.
How far back can you go when reclaiming PPI?
Please note that if the PPI policy ended more than 6 years ago AND you have no paperwork then it will be very difficult to claim PPI back. This is because the lenders or PPI insurance providers only have to keep back PPI paperwork for 6 years.
Reclaiming PPI checklist
- You can consider reclaiming PPI on credit cards if you were sold a PPI policy that ran out before the term of the loan finished. If so contact us to see if you can get your money back.
- You can consider reclaiming PPI on credit cards if the cost of the PPI was hidden from you.
- You can consider reclaiming PPI on credit cards if you purchased the PPI policy after 14th January 2005 and did not receive a “demands and needs statement”
- You can consider reclaiming PPI on credit cards if you were told that you were obligated to take out a PPI policy.
- You can consider reclaiming PPI on credit cards if you were not told that you would be covered if you had existing illnesses.
- You can consider reclaiming PPI on credit cards if you were not told PPI was compulsory. You bank may have missold PPI to you to make more money out of you.
If you think you have grounds for a PPI claim simply complete the form below and let us recover the money that is rightfully yours. We should be able to sort out which company is involved and pursue then for compensation.
- 'No Win - No Fee' Service and No Upfront Fees
- Expert friendly advice
- We will handle your case from start to finish.
Frequently asked questions regarding missold PPI Insurance
- PPI Reclaiming Information Centre
- What is PPI - Payment Protection Insurance?
- Have you been missold PPI – Payment Protection Insurance?
- PPI reclaiming explained
- Why is PPI so often missold?
- Check to see if you have been missold PPI – Payment Protection Insurance
- How to reclaim missold PPI – Payment Protection Insurance?
- How much money can I reclaim from a missold PPI claim?
- Get your money back on missold PPI insurance
- Could you have been missold PPI and not even know about it?
- The PPI Industry explained
- Have you been a victim of PPI misselling?
- Can you change PPI provider?
- How to reclaim PPI
- How many years can you back to claim PPI?
- Complaining about missold PPI
- PPI and the Financial Ombudsman Service – FOS
- Financial Ombudsman Service – FOS – Complaint forms
- PPI Claims handling firms
- PPI Claims handling lawyers and solicitors
- PPI claims court process
- PPI claim back
- Mortgage PPI reclaim
- No Win No Fee PPI claims
- PPI refund
- Reclaim PPI
- Reclaiming PPI
- PPI claims
- Mis-Sold PPI
- Reclaim PPI Charges
- Payment Protection Insurance refund
- Claim back PPI
- PPI compensation
- PPI mis-selling
- Reclaim PPI insurance
- How to reclaim PPI
- Fees and Terms of PPI reclaim service of UK Finance Online Limited
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
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DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]