The banks are said to have made £4.3bn through mis-sold PPI, and here’s how they did it (not comfortable reading): poorly trained telesales teams were given cash incentives to include PPI in with loan, credit card, car finance and mortgage agreements however they could because PPI makes the companies such MASSIVE PROFITS.

The number of PPI reclaim cases is at an all time high because sales staff did the following:

- ILLEGALLY told cash-strapped UK customers that they HAD to have expensive cover in order to get the borrowing

- They included it without telling the customer so they were paying for it every month without knowing

- They added the total cost of the entire PPI policy (often over £10,000) to the loan right a the start meaning that the interest charges on the amount increased – people paid teice for cover.

- They didn’t explain it to customers so people ended up paying for cover they could never use because they were ill, self-employed or too old.

- They over priced it – because they could sell it at the point of borrowing, most customers felt it convientent rather than searching the market.

But they didn’t stop there, PPI reclaim cases have shown that every time people went for a remortgage or top up on their loan, they added the current PPI cost to the old loan then issued a new loan for the combined amount AND added another PPI policy, meaning you could have many different policies that were mis-sold.

Remember: the Financial Services Authority, Financial Ombudsman and Financial Services Compensation Scheme all WANT you to claim and the banks have set aside £6.6bn so they can pay out to those who request compensation. The FOS back 99% of claims, even when rejected by a lender and the average PPI reclaim is £2,750. We’re not saying you definitely get this much, or anything, you may even get more, ultimately if you have a genuine case then chances are you’ll get money back.

To start your PPI reclaim simply fill out the short from above and we’ll get to work. And just so you know, every enquiry or call you make is completely non-obligatory we won’t hard sell you to claim and if you just want some info that’s fine. That said, we won’t be as nice with the banks if you decide to go ahead!