If your lender sold you PPI that you did not need, want or would benefit from then you can process PPI Claims. Most Payment Protection Insurance Policies are only underwritten when a claim is made which means that you may currently be paying for a policy that will not cover you when you need to use it. When you were sold Payment Protection Insurance your lender should have reviewed the policy with you in detail to ensure that you were eligible to use it. The full terms, conditions and exclusions of the PPI should have been explained in detail which the banks are required to do by law and the Consumer Protection Code. If your lender failed to fully review your situation and explain the ppi policy in detail you could be entitled to seek PPI Claims compensation. The average refund for PPI Claims is €3500. Contact us now to find out if you are due a refund!
PPI Claims Ireland
PPI Claims Ireland is a popular keyword in the search engines right now as consumers across Ireland go on-line to find out if they have PPI Claims. If you have been searching for PPI Claims Ireland and you have come across this page we can help you with your case. Below we have listed a number of scenarios to help you identity if you have PPI Claims. Please review the following in detail:
- You have PPI Claims if you were self employed when sold PPI
- You have PPI Claims if you were unemployed when sold PPI
- You have PPI Claims if you were working part-time or on contract when sold PPI
- You have PPI Claims if you were sold PPI when you had just started a new job
- You have PPI Claims if you disocvered you were paying for it without requesting it
- You have PPI Claims if you were told it was compulsory
- You have PPI Claims if your lender did not explain the terms, conditions and exclusions of the policy
- You have PPI Claims if your lender failed to tell you that you could buy PPI elsewhere
- You have PPI Claims if you were led to believe you would receive a better interest rate if you took PPI
- You have PPI Claims if you were told you had a better chance of getting the credit with PPI
- You have PPI Claims if your lender lender did not explain that pre-existing medical conditions were excluded
- You have PPI Claims if you were promised cover on certain clauses but it didn’t pay out when you made a claim
- You have PPI Claims if you paid upfront for PPI without knowing it could be paid monthly
- You have PPI Claims if you paid for the ppi upfront and didn’t receive a refund when you paid your loan early
If you have answered yes to any of the above you have PPI Claims. Contact us now!
PPI Claim Ireland
Payment Protection Insurance or PPI as it’s more commonly known is an insurance policy which is sold alongside loans, credit cards or mortgages. It is designed to protect your credit repayments if you become unable to meet your obligations in the event of death, unemployment, serious illness or redundancy. In theory these policies sound great but the reality is that they are not always as good as they claim to be.
These policies in more cases than not, do not provide the cover they claim they will. PPI is often sold to consumers who can not claim on the policies due to exclusions and/or ineligibility. PPI is usually underwritten when a claim is made which means that when you really need the cover you may be told that you have none despite having paid extortionate premiums. In lots of cases PPI is sold to consumers who are ineligible to use it and who did not need to take it in the first place. This is why thousands of consumers across Ireland are processing PPI Claims right now. If this has happened with you we can help you process your PPI Claims with our no win no fee service.
PPI is usually sold on a very informal basis with little or no fact find done into a clients needs, requirements or history. As a result of this thousands of consumers have been paying for policies which they did not need and they are now processing PPI Claims to seek a full refund of all premiums paid plus interest. If you have been Mis Sold PPI we can process your PPI Claims with our No Win No Fee service which has No Upfront Costs or Charges.
Why have lenders Mis Sold PPI?
In simple terms because it provides an annual multi million euro revenue stream to the Irish Banking Industry. For an example a consumer who takes out a €10,000 personal loan over 5 years with PPI can pay anything from €2,000+ over the duration of the loan. When you consider that this policy may not ever cover the consumer when they need to use it you can see how serious this issue of Mis Sold PPI is. PPI is not a cheap insurance policy and often adds thousands of Euros to the credit borrowed over the duration on the term. When you process PPI Claims with our office we not only look for a full refund of all premiums paid but also all interest charges relating to the insurance.
In serious cases consumers will not even know they have PPI as the premium will be built into the repayment amount the lender charges you on a monthly basis. This is considered a high form of mis-selling as the bank is selling you a product, a very costly product which you never requested. If you were sold PPI that you did not ask for or know about you can process PPI Claims.
If you have taken out a Loan, Credit Card or Mortgage within the last 10 years it is advisable to check if you were sold Payment Protection Insurance. If you discover that you are paying you should contact us for a FREE PPI Claims review. Our trained advisor’s can evaluate your case within a matter of minutes and determine if the policy was Mis Sold to you. If you were Mis Sold PPI we can process your PPI Claims with no upfront costs or charges and on a 100% No Win No Fee service. You could be entitled to thousands of Euros in compensation so contact us now for a free review.
Are you looking to process a PPI Claim in Ireland?It is estimated that there will hundreds of thousands of PPI Claims processed in Ireland over the coming years. In the UK lenders have had to refund as much as £12 billion in compensation for PPI Claims which were processed by consumers against millions of credit agreements. The compensation for PPI Claims in Ireland will not be as high as this considering the differences in population but PPI Claims are likely to cost the Irish banks hundreds of millions of Euros in compensation. The average PPI Claims settlement in Ireland is €3,500 although the refund amounts increase and decrease depending on the loan or credit amount borrowed. We have processed some PPI Claims where clients have received as much as €9000 in compensation! If you have were sold PPI why not contact us for a free review? You could be entitled to thousands of Euros in PPI Claims compensation. Take our Quick PPI Claims test now!