Pay Back Bonus Due to Mis-sold PPI

PPI News In the PPI news this week, banks have been made to repay bonuses due to poor performance and mis-sold ppi claims. A great victory for consumers. Accountability is something that has been missing from these large institutions.

How Much PPI Can I Claim?

Legally if have been mis-sold PPI you can claim the cost of the PPI policy plus all interest and costs. In effect to put you back into the same financial position as if you had not taken out ppi with the loan.

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How Much Is the Average PPI Pay Out?

PPI claims are averaging around £2,000 to £3,000 refunds. Every case is individual, so for instance in one case, we recovered over £34,000 on a Picture Loan ppi claims. From our calculations, as a rough and ready guide, the ppi reclaim amount is about 15% to 30% of the loan valuation. So, if your LOAN is £5,000 your PPI REFUND could be in the region of £1,000.

Below is a simpe ready reckoner based on an average 20% PPI to loan valuation.

PPI CALCULATOR*

[Left hand Column = Amount Borrowed: Right Hand PPI Re-Claim].

£5,000 = £1,000 ppi claim CLAIM FORM

£6,000 = £1,200 ppi claim CLAIM FORM

£7,000 = £1,400 ppi claim CLAIM FORM

£8,000 = £1,600 ppi claim CLAIM FORM

£9,000 = £1,800 ppi claim CLAIM FORM

£10,000 = £2,000 ppi claim CLAIM FORM

£15,000 = £1,500 ppi claim CLAIM FORM

£20,000 = £4,000 ppi claim CLAIM FORM

£30,000 = £6,000 ppi claim CLAIM FORM

£40,000 = £8,000 ppi claim CLAIM FORM

£50,000 = £10,000 ppi claim CLAIM FORM

£75,000 = 15,000 ppi claim CLAIM FORM

£100,000 = £20,000 ppi claim CLAIM FORM

(Note in one loan of £100,000 we recovered ppi over £34,000)

*Table for guidance only, you could get more or less than the PPI amounts stated.