It's Your Absolute Last Chance To Lodge Your PPI Claim

Published: 06/08/2019

There are just days left to check if you were ever mis-sold Payment Protection Insurance, or PPI, as it is commonly known. 

Thursday 15 August is your absolute last chance to lodge a PPI claim with us. 

Tens of thousands of people across the country were mis-sold PPI, many of whom don’t even ever remember taking out the policy. Maybe you weren’t even aware of it! Still, thousands of people are thought to have PPI yet never made a claim. These individuals could be entitled to hundreds or even thousands of pounds in compensation.

In total, banks and building societies have paid out more than £35billion since 2011 to customers who were mis-sold PPI

To help you better understand whether you may have ever been mis-sold PPI, here are a few basic facts about the policy and how it was mis-sold.

What is Payment Protection Insurance (PPI)?

Also known as credit insurance, credit protection insurance or loan repayment insurance, PPI was a type of insurance offered to consumers to ensure that their credit could be repaid if, for example, the borrower dies, becomes ill or disabled, loses a job or faces circumstances that prevent them from being able to pay back the debts. 

PPI was sold as an add-on insurance product to many consumers taking out:

  • Loans
  • Mortgages
  • Credit cards
  • Store cards (e.g. for department stores - these were very popular in the ‘90s and early 2000s)
  • And various other financial products

How was PPI mis-sold?

There are many ways the banks mis sold payment protection insurance including:

  • You were told PPI was compulsory
  • You felt under pressure to agree to taking PPI
  • The full terms & conditions of the policy were not explained to you 
  • The policy benefits itself were useless to you 
  • You weren't asked about your medical history (e.g. the benefits may have been made void)
  • You were not in full-time employment
  • PPI was added automatically without your knowledge or consent
  • And many other ways

In fact, PPI was not a useful policy for most people who took it out. As such, it was mis-sold. 

Could I have PPI even if I’ve checked previously?

The answer to this question is a resounding - Yes! 

Even if you’ve tried to check for PPI previously, and your bank has dismissed your claim, the evidence clearly shows that your bank may have given your incorrect information. This has happened countless times, especially if you tried to lodge your PPI yourself instead of using a reputable financial claims firm. 

At firms such as GWlegal, we are well versed in dealing with banks and understand the financial claims process in precise detail.

We cannot stress this enough - You have nothing to lose in checking for PPI again. 

If you do want to check if you ever had PPI though (and you probably should!), you need to check before the deadline. Please remember you can do this yourself as well.

The official deadline set by the Financial Conduct Authority (FCA) to lodge a PPI claim is Thursday 29 August 2019. 

After this date, any money owed to you will be permanently lost. 

There will be absolutely no chance of having your claim investigated after this date. 

It has never been more urgent to check whether you were ever mis-sold PPI!

To give the team time to check your claim, GWlegal will not be taking any new PPI claim cases after Thursday 15 August.

Interested in having your PPI checked today? Simply get in touch with our experienced financial claims team and we’ll get the process started for you! 

Who are GWlegal?

GWlegal are a financial claims solicitors based in Liverpool, specialising in PPI, pay day loan claims, packaged bank account claims and housing disrepair claims.

If you have a legal matter you wish to discuss don’t hesitate to get in touch. You can call us on 0345 373 3737 or email us at with your question.

Who are GWlegal? We’re a national firm with local values.

How Do I Make A PPI Claim?

Click here!
Content correct at time of publication.
Show All Articles