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Tag Archives: ppi claims

How can the PPI bank help you?

The PPI bank takes all of the hassle and time out of reclaiming PPI compensation. We proceed in the same way as much of the other PPI claims companies apart from our process is unique and takes all the stresses and strains out of the normal PPI claims process.

Essentially our process cuts out all of the time and risk of not being succesfull with your claim.

The PPI Bank’ process

Our process relies upon our judgement and experience of the market, basically we purchase your claim from you for a large proportion of the average claims case. With the average customer being able to claim £3000, we will offer you a large chunk of that to buy the case from you. Our expert claims handlers will evaluate your case(s) individually and make you an offer based on the chances of success and risk of failing to get the case accepted. We will then make you an offer, if you choose to accept we will continue to pursue your claim on your behalf but pay you the fee within 2-3 working days, we will then keep 100% of the compensation we recieve.

How long does it take to get PPI compensation from the PPI bank?

The PPI bank’ main differentiator is the time it takes to get your compensation, if we accept your application you could have your money the very next day, this, we believe is a huge benefit to PPI claiming and although this figure is 99% of the time smaller than you could achieve if you continue your PPI claim as normal it may take several months to get your money.

So what is PPI?

PPI is effectively an insurance policy to cover your back if you become unable to meet your repayments to your creditors through no fault of your own. For example if you become ill or suffer an accident that makes it impossible for you to earn enough money to repay your debts.

The problem comes with eligibility, PPI has been sold unscrupulously by banks and lenders over the last ten years which has led to mass compensation claims being levied against some of the biggest banks in the UK, inluding Alliance and Liecester, Lloyds and HSBC. If you have PPI added to your account without your knowledge or consent then you could claim back on average £3000.

Have you been mis-sold PPI?

Generally PPI has been mis-sold because of a number of reasons:

  1. The saleperson neglected to tell you that PPI was optional
  2. The salesperson did not tell you that PPI could be found elsewhere
  3. The salesperson told you that having PPI would improve the chances of your application being accepted
  4. You were unemployed, retired or self employed when taking out the policy

If any of these apply to you then the chances are that you have been mis-sold PPI and could claim thousands in compensation.