Why reclaim

Money-reclaim can help you reclaim the costs of payment-protection insurance (PPI).

You may have applied for a loan, either secured or unsecured, and your lender insisted you take out insurance cover against the possibility that you were unable to pay. This is known as payment protection insurance – expensive insurance cover supposed to help you if you can't make your repayments on the loan.

In practice this cover is often useless when it is actually needed.

The FSA (Financial Services Authority) and CAB (Citizen's Advice Bureau) believe that millions of these policies have been mis-sold.

Our professional advisors could help you get your money back, on a no-win, no-fee basis. There are no up-front charges; A percentage of the successful claim is taken to cover the costs of the recovery process.

"89% of mis-sold PPI claims are paid out"
(The Financial Ombudsman - March 2009)

Plenty of lenders have been penalised for poor handling of PPI sales. The Alliance & Leicester was fined £7m by the FSA for serious failings in its sales procedures. Others including Liverpool Victoria Banking services, GE Capital Bank and HFC Bank have also been forced to pay compensation.