Good Housekeeping (UK) - - Gh Institute -

You’ve seen the ad­verts, re­ceived the an­noy­ing phone calls and even seen Ter­mi­na­tor Arnold Sch­warzeneg­ger talk­ing about it, but you may still be con­vinced that pay­ment pro­tec­tion in­sur­ance (PPI) com­pen­sa­tion is as rare as hen’s teeth – don’t be too sure. The fi­nal dead­line for claims is Au­gust 2019 and so it re­ally is time to take ac­tion – you could be bet­ter off by thou­sands of pounds.

PPI was com­monly sold against credit cards, loans and other fi­nan­cial prod­ucts, but many of these poli­cies were mis­sold. Not ev­ery­one was el­i­gi­ble to make a claim and many sim­ply didn’t need them – if this was you, you could be en­ti­tled to com­pen­sa­tion. Dig out the pa­per­work if you can find it, but don’t worry if you can’t. De­tails of loans or credit cards in the last six years will be on your credit record. Check this us­ing agen­cies such as Ex­pe­rian, Equifax and Call­credit, which are free to use, then write to the rel­e­vant com­pa­nies to see if you had PPI – down­load a tem­plate let­ter from mon­eyad­vice­ser­­ti­cles/let­tertem­plates, and get a re­sponse within eight weeks.

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