How much is my claim?
How much is your claim?
PPI does not come cheap. As the table shows, PPI premiums paid by consumers
represent anything from 13 per cent to a staggering 56 per cent of the amount
loaned. It is common for PPI on loan agreements to be paid for by a one off
premium included in the loan itself and for interest to be charged on PPI
premiums.
PPI premiums as proportion of loan: cases reported by Breaux. The table below
should give you a rough idea:
|
Loan
Type |
Loan
amount |
PPI
permium |
Permium
as a percentage of total loan |
|
Unsecured
personal loan |
£8,993 |
£2,217 |
25% |
|
Unsecured
personal loan |
£11,000 |
£5,133 |
47% |
|
Hire purchase
for car |
£5,059 |
£2,157 |
43% |
|
Hire purchase
for care |
£6,895 |
£2,317 |
34% |
|
Unsecured
loan |
£5,600 |
£744 |
13% |
|
Secured
loan |
£25,000 |
£12,127 |
49% |
|
Secured
loan |
£35,000 |
£10,150 |
29% |
|
Conditional sale
for car |
£4,300 |
£2,394 |
56% |
|
Unsecured
personal loan |
£13,000 |
£3,367 |
26% |
You get the picture - it is incredibly expensive and there is a likelihood
that you have been mis-sold. You may have been the victim of a hungry salesman.
Get your money back today.
Apply
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