Only if the PPI was mis-sold. You can claim back mis-sold PPI costs plus interest. Write directly to the lender you think mis-sold you the PPI and explain your claim. If any of these apply to you, then you probably have a valid claim for a full refund for mis-sold PPI.
If you were mis-sold the insurance policy, then you are entitled to claim back all of the payments that you made for this cover. There are other circumstances, too that you could have been mis-sold PPI. When you claim back PPi or Payment Protection Insurance that may have been mis-sold to you, the lender will pay you back the money they owe in full.
We recommend that you make sure it was mis-sold before proceeding with a claim. If you do decide to investigate your own claim (see How do I reclaim mis-sold PPI for free? I have over 13 years dealing with bank complaints and can help you claim back any PPI you may have been mis-sold.
Tell the lender what product you believe PPI was mis-sold with, when it was purchased and why you think it was mis-sold. Importantly, you have no less chance of reclaiming mis-sold PPI if you do a personal claim than if you were to go through a claims management company. Once this process is complete, we will put everything in writing and will hand over the mis-sold PPI claim to your lender.
The Financial Services Authority has found that PPI insurance has been frequently mis-sold by lenders throughout the UK. If it was mis-sold to you then you can make a claim to get back the proportion of your monthly loan or credit-card payments that represented the PPI payments, plus interest. More than three million people were mis-sold PPI, and the courts have made the banks liable have to compensate people who make valid claims for mis-sold PPI. In some cases, there may be complications due to the lender’s decision to contest the claim and you may have to wait longer for the mis-sold PPI claim to be settled in your favor.
If you think you may have a valid PPI claim – see here – to read our guide to making a PPI claim. Been looking to claim back Mis-Sold Payment Protection Insurance / PPi on credit agreements you may have paid off or still have outstanding? Answer some questions about how you were mis-sold.
For more about PPI and how to make a claim if you’ve been mis-sold a policy, including a sample letter you can use, see Payment protection insurance. If you think you have been mis-sold PPI, yes. There’s no time limit for making a claim, but the claim will be simpler if your claim is within six years of the PPI being sold.
Your policy will be cancelled by the lender when you make a claim so think about whether you may need to make a future claim. To see if you have been mis-sold PPI is easy, just contact us on, making the claim will take up to 12 weeks and we always work with a ‘No Win No Fee’ policy so you won’t lose out if your claim is not successful.