If you have ever taken out a loan, a mortgage, a credit or store card, then there's a good chance you've paid additional insurance to cover repayments. This insurance is often referred to as PPI, but is also known as Accident, Sickness & Unemployment (ASU), Mortgage Payment Protection, Credit Card Repayment Protection or Personal Loan Protection.
"Simply put, if you have PPI on any of your Loans or Credit Cards you could be owed Thousands, and we can reclaim PPI for you."
To see which banks and loan lenders have been fined by the FSA, just click here
There are over 20 Million PPI policies in the UK and its a £5 Billion a year industry. Many of these policies have been mis sold by Banks and Loan Companies.
Payment Protection Insurance is also known as ASI, ASU and PLP
Premium Credit Claims offer to claim back this insurance on your credit cards and Loans. We do not charge an up front fee and you only pay us a fee once the claim is settled. We take a 25% fee of any reclaimed monies you receive.
Payment Protection Insurance (PPI) can have different names
PPI is sometimes sold under a number of different names, although the principle behind all these policies is basically the same. Here are some of the more common names under which you may have purchased a policy – and for which we may be able to obtain you a substantial refund.
Accident Sickness & Unemployment Protection.
Commonly known as ASU insurance, these policies are often sold alongside mortgages or more substantial loans, and claim to cover your repayments should you become unable to work through unemployment, injury or long-term illness. However, loopholes often mean that the promised tax-free monthly payment fails to materialise when the worst happens. For instance, the small print usually excludes pre-existing and recurring medical conditions, whilst stress and back problems (two of the largest causes of absence from work) are frequently not covered. What's more, if you're self-employed, you will probably have to cease trading altogether in order to make a claim.
Personal Loan Protection (PLP)
is one of the most common forms of PPI, and also one of the most expensive. This sort of insurance can be sold alongside almost any loan, whether secured (tied to an asset, such as your property) or unsecured. Frequently, people take out this sort of insurance when making a major purchase such as a car or a new kitchen, or it may be offered alongside a credit card. In fact, you might not even know you agreed to this sort of insurance, but could be paying the premiums regardless! The sad fact is that the insurance can vastly increase the amount you owe – for one loan of £5000, the payment protection premiums totalled £1300 or a full 25% of the entire loan.
Download your PPI Claim Pack Now
The PPI Claim Pack is in a PDF File format, to save it on your hard drive, Click Download, then once Downloaded, click on 'File' then 'Save Page As'.
To view the Claim Pack you will need Adobe Acrobat installed on your Computer, most computers have this but if not you can Download it FREE Here.