Have you paid off any loan in the past six years that included PPI or payment protection insurance? Are you still paying on store, credit cards or mortgage that also has PPI attached? If your answer is “YES”, then you are eligible to file for a PPI reclaim with the UK courts to get your money back.

Tens of thousands of UK residents who took out mortgages, signed up store or credit cards, and major loans were affected by the recent PPI scandal that involved lending institutions and banks. It was discovered that all these people were either mis sold payment protection insurance or they were deliberately overcharged for their monthly PPI premiums.

PPI was actually created for protecting the borrowers in case they were unable to pay their monthly installments due to their unemployment, illness, or other reasons. But, certain lending institutions and banks made millions by misrepresenting PPI on their mortgage loans, store or credit cards. They were falsely told that PPI was mandatory before they were sanctioned the loan or credit card, or they were overcharged for the PPI premiums, in some cases by about 4-5 times the original amount. In most of the cases, PPI was tacked with the original policy without the borrowers knowledge.

If you are not sure whether you were mis sold PPI, you can get your mortgage loan, store or credit card, or a major loan in the past 6 years re-examined to check if your lender mis sold PPI to you. Your first step should be to get a get a copy of last bill and your loan documents to see whether PPI was added. Next, you should use this application to fill an application form and get in touch with the professionals who can help you in finding whether you were mis sold PPI.

Depending upon your circumstances, these professionals may advise you to send a letter to the bank requesting a refund. If banks do not replay within a stipulated time, you can approach the Financial Ombudsman by filing a complaint against the said bank. If you are not satisfied with the decision of the Financial Ombudsman, you can approach the court for getting back your PPI claims money.

This service from these professionals is totally free. If PPI was not mis sold to you or court do not pay you any money whatsoever, you won’t have to pay anything to them. They will only take small percentage if courts grant you your PPI money.