The consumer reclaim specialists

If you’ve taken out a loan, credit card, HP car loan or mortgage in the last 12 years you may be entitled to compensation.

PPI is an insurance policy designed to cover the monthly repayments of the loan if you are unable to work due to an accident, sickness or unemployment. PPI is also known as:
Life & Accident, Sickness & Unemployment cover (Life & ASU)

Accident, Sickness & Unemployment cover (ASU)

Mortgage Payment Protection Insurance (MPPI)

Personal Loan Protection (PLP)

Credit Card Repayment Protection (CCRP).

These policies were often sold – sometimes without customers even knowing - alongside your credit card, loan or mortgage.

PPI was sold as an insurance policy designed to help customers in case of illness or unemployment. In reality, it became a policy designed to massively increase the profits of the banks and financial institutions, and it was widely mis-sold. PPI policies were massively overpriced and extremely difficult to claim on.

The CAB (Citizen’s Advice Bureau) has found that the cost of PPI can be over
50% of the loan. That means if you borrow £10,000, over £5,000 can be paid in PPI premiums! On top of that - FSA statistics show that only 9% of policies pay out when a client tries to make a claim! Now that is what we call a double whammy.

We at Russell & Young will look to recover the full cost of the PPI premiums plus interest. (Some finance reclaim companies keep the interest payments for themselves). If your loan is still running we will also look to reduce your ongoing payments as part of our negotiations. We don’t charge commission on future reduced payments (again – some finance companies do).
We believe that as much your money as possible should be returned to you, and we rely on word of mouth, not expensive advertising. That’s why we can charge an all inclusive fee of only 19%. Click here to contact us, or claim now