Insurance

PPI Claim: How Much Can I Claim?

PPI Claim How Much Can I Claim

If you are one of the many people who were eligible for a payment from the Payment Protection Insurance policy as determined in 2012, then the hardest part of collecting your compensation is determining how much you are owed. Finding this out and making your claim before 29 August 2019 is crucial, as all claims after this point will not be honored.

The first way to find out how much you are owed is to contact any banks, loan, or credit companies you did business with between 1990 and 2010 to determine if you were sold PPI. Depending on the number of times you were sold this “protection” and the number of monthly payments that you made, you may be owed anywhere between £187 and £2,649. This information should be available to you once you start the claims process, as the companies who were complicit in the PPI scheme are required to disclose the information that they have available to them.

If you want more information about what you might be owed and the different categories for which you can claim, the following website has a simple chart that includes a best case scenario breakdown of payments by both monthly installments and the amount of the policy.

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