How to check for mis-sold PPI and your compensation

The industry around reclaiming mis-sold PPI (Payment Protection Insurance) is big business. Hundreds of claims firms continue to bombard consumers with unsolicited texts, emails and social media messages urging them to get in touch to reclaim the thousands of pounds they are supposedly owed by the banks and other financial organisations. It is perfectly possible that you could have a legitimate claim to make, but you don t have to use a costly claim firm to do it. Banks have already paid out more than £24 billion in PPI compensations since 2011 and, according to figures from the Financial Conduct Authority (FCA) may still face another £22 billion in valid claims. How do I know if I’m entitled to compensation? The only way of knowing for sure if you were mis-sold PPI at some point in the past is to go through your past statements and other paperwork to see if these charges were attached. Remember, though, that this might not have been listed as PPI – it might have gone under othe


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