It is estimated that there will hundreds of thousands of PPI Claims processed in Ireland over the coming years. In the UK lenders have refunded about £12 billion in compensation for PPI Claims. 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. With claims averaging €3,500 now is the time to look into this and check if you had PPI applied to your account. You could be entitled to thousands of Euros in PPI Claims compensation.
Payment Protection Insurance or PPI as it’s more commonly known is an insurance policy sold alongside loans, credit cards, mortgages or other forms of finance to cover the repayments should you ever become unable to meet your monthly repayments in the event of death, unemployment, serious illness or redundancy. Whilst sounding great the reality is that they are expensive and notoriously difficult to claim on.
These policies in more cases than not, do not provide the cover they claim they will with many consumers being ineligibility to make a claim. This is why thousands of consumers across the UK and now Ireland are looking to recover the PPI that they paid for and didn’t need as it was mis sold to them.
There are number of banks that are answerable in relation to the historic mis selling of PPI and the include amongst others the Bank of Ireland, Allied Irish Banks, Educational Building Society, GE Money, Permanent TSB and Ulster Bank, which is owned by Royal Bank of Scotland. If you have a facility or had a facility with these or any other lender then PPI could have been missold.
Since August 2007 there have been almost 400,000 PPI policies sold and may of these were as in the UK missold. Like the UK the same principles apply and a complaint can be lodged firstly with the lender in question when PPI has been located followed by the ombudsman if necessary.
If you do not know all of the information regarding the facilities you would like me to look into, which can include any Loans, Credit Cards or Mortgage accounts or are uncertain as to whether there is insurance on the borrowing, just add the name of the lender and the address they are likely to have on file on the sheet that I am sending. I can then check the information on your behalf going back about 14 years so it can be in relation to either current of closed facilities.
Just to give you some background we have been dealing with bank complaints for over 14 years following experience working for a major high street bank. The company operates with a handful of staff and a continuous number of clients so that we have time to oversee all of the claims.
If for some reason we are unsuccessful in obtaining a refund or if there is no PPI on the facility then there is nothing to pay. It is purely a No Win No Fee basis so you have nothing to lose, where our fee if successful is 20% plus VAT (equivalent to 24% inclusive).