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PPI Reclaims - £3,500 by June*

Guardian PPI Claims are one of the UK’s most effective Payment Protection Insurance (PPI) Reclaims specialists in the UK today.

Everyday we sucessfully reclaim thousands of pounds from banks and lenders against mis-sold Payment Protection Insurance (PPI), Loan Insurance, Mortgage Protection, Credit Card Insurance and Accident and Sickness Insurance.

Making your PPI claim is as simple as 1, 2, 3...
Recently won cases:

> Mr H successfully claimed £18,000 from Firstplus
> Mr and Mrs D successfully claimed £3,012 from RBS

Why choose Guardian:

> One of the highest PPI reclaim success rates
> If your Claim is unsuccessful, you pay nothing
> Original copy of your agreement is not required

  Step 1.  
 

Complete our Refund Application (above).

We’ll call you straight back then run through a few simple questions, just to make sure you’re claim is valid.

  
  Step 2.  
 

We post you out a Claims Pack.

All you need to do is to sign and return them where we’ve highlighted. Easy.

  
  Step 3.  
 

You'll receive regular updates from us on how your PPI Claim is progressing, ensuring the pressure is on the banks to pay up.

  

Guardian PPI Claims - Specialists in PPI Reclaims

Payment Protections Insurance Claims (PPI) Continue to Rise:

In the first half of 2011, Payment Protection Insurnace (PPI) complaints have made up for nearly 31% of NatWest complaints and 47% at RBS.

Just recently Barclays revealed it had received as many 73,000 Payment Protection Claims (PPI) and predicted this would only continue into their second half their financial year.

Lloyds TSB also commented that their Payment Protection Insurnace (PPI) complains had also increased to 202,384 in the first half of their financial year.

Make your Payment Protection Insurance Claim (PPI) with Guardian PPI Claims:

Not all complaints from customer guaranteed a bank offering compensation for missold Payment Protection Insurance (PPI), fortunately though Guardian PPI Claims - a Payment Protection Insurance (PPI) claim specialist, has achieved an unprecedented 94% PPI claim success rate in 2011.

However customers who's Payment Protection Claim were unsuccessful always have the right to complain to the Financial Ombudsman Service (FOS), which often finds in favor of PPI complainants.

Therefore the bill for bank' mis-selling of Payment Protection Insurance policies (PPI) is rising rapidly.

Huge bills:

All the big banks have admitted mis-selling Payment Protection Insurance (PPI) are facing massive bills , they include:
  • Lloyds TSB £3.2bn - Payment Protection Insurance (PPI)
  • Barclays £1bn - Payment Protection Insurance (PPI)
  • RBS group £850m - Payment Protection Insurance (PPI)
  • Santander £731m - Payment Protection Insurance (PPI)
  • HSBC £269bn - Payment Protection Insurance (PPI)
At the beginning of August 2011, the FOS revealed it was receiving over 900 new Payment Protection Insurance (PPI) claims every single day which was making up 65% of their workload.

What is Payment Protection Insurance (PPI)?

Payment protection insurance or is more frequently referred to as PPI, is an insurance product designed to cover any outstanding loans or payments such as mortgages, credit cards or home loans. PPI was generally sold as an add-on product to protect the consumer from circumstances such as unemployment and accidents, which may have prevented them from servicing the debt.

The Controversy surrounding PPI or Payment Protection Insurance

Firstly the statistics have shown that PPI has one of the highest number of rejected claims. This was largely due to the manner in which the products were sold to the customer. First of all the nature of the product was an add-on product. Many consumers were unaware that they had even purchased a Payment Protection Insurance (PPI).

This has why PPI has caused so much controversy with customers accusing the lenders that their policies were mis-sold to them? The FSA or Financial Services Authority, Citizens Advice Bureau and the Office of Fair Trading were just some of the organisations that raised concerns about the manner in which the policies were sold and encouraging consumers to make official complaints.

A detailed review of how Payment Protection Policies were sold unearthed quite surprising techniques employed by some unscrupulous lenders to trick or force customers into taking out payment protection insurance. Some of these included:
  • Selling insurance to candidates that did not qualify for the insurance, such anybody who was unemployed or retired. Therefore no reason to recover loss of earnings.
  • Terms and Conditions of PPI not fully disclosed to consumers such as exemptions and breakdowns.
  • Pressurised sales techniques
  • Misleading borrowers by implying that the loan would not be accepted without taking out PPI or that they stood a better chance if they did.
  • Once the loans were completed PPI was added without notifying the customer. Once again as the customer was unaware the PPI policy existed they were unable to make a PPI claim


Missold PPI Comes Back To Haunt Banks In UK

The mis-sold PPI scandal raised its head in 2006 when in the first complaint was filed by the Citizens Advice Bureau. Since then, hundreds of thousands of individuals have stepped up and accused banks and financial institutions of mis-selling PPI policies. The widespread nature of mis-selling compelled the Office of Fair Trading and the Financial Services Authority to carry out independent investigations into the manner in which these policies were sold. Since then, thousands of individuals have filed claims all over the United Kingdom. Till date, lenders have set aside billions of pounds to settle such cases.

Analysis of statistics relating 2011 reveals that payment protection insurance was the primary reason why people approached banks with complaints. The Royal Bank of Scotland received a large number of complaints in 2011 and 47% of these complaints were relating to payment protection insurance policies. Close to one third of the total number of complaints received by the NatWest bank were related to missold PPI. Not surprisingly, RBS ended up spending £850 million settling such cases in 2011. Have you obtained a loan in the past 10 years? Have you finalized a similar financial transaction recently? If yes, then you should take a look at the statement to determine whether the cost of payment protection insurance has been added without your consent. You too may be eligible for compensation on account of mis-selling of PPI.

While PPI is designed to help borrowers continue loan repayments in the event of loss of job or other financial complications, banks missold these policies to hundreds of thousands of ineligible individuals. If you are such a victim, then you too can recover the money that you paid on the PPI policy. You can expect to recover at least £3,000 if your claim is successful. Banks and financial institutions have set aside billions of pounds towards compensation and there are no signs of a number of new cases easing up as on date. Data provided by the FOS indicates that 285,000 new cases were filed this year as compared to the previous year where 259,000 new cases were filed.