As the payment protection insurance (PPI) scandal continues to dominate the consumer finance news, more people than ever before are finding that an online PPI calculator can be a useful tool in finding out how much they may be owed.
The average PPI compensation payment so far is a little under £2,750 and many thousands of people have claimed successfully, and we have helped many successful claimants get back the fees on their mis sold PPI policies. The High Court ruling ordering banks and other lenders to repay these fees has led to a rush by those with legitimate claims, so it is recommended that you get your claim underway right now.
What is Mis Sold PPI?
The mis sold PPI scandal came to light some years ago when a number of complaints about the product led to an investigation. This uncovered widespread examples of mis selling within the industry.
As a result the rules were rewritten, and the claims began. While a PPI calculator is a useful tool, it is important to remember that it is only an estimate as there are many factors to be considered.
Examples of Mis Sold PPI
Due to the popularity of the product, the mis selling of PPI took many forms; some people were sold policies they did not need, for example they were already retired or self-employed, while others were not given a full explanation of their rights, especially that to shop around for the very best deal.
If either of these applies to you, or you believe you have been mis sold Payment Protection Insurance another way, use our PPI calculator for an idea of the compensation you can claim.
Make your Claim and Use a PPI Calculator
We have helped many people get back the money they are owed on mis sold PPI policies, and we can help you too.
We’ll handle all of your PPI claims on a no win no fee basis so you will not pay if you are not successful, a maximum compensation guarantee, and you can also use a PPI calculator for an estimate of your award.