Frequently Asked Questions
Why use Creditline Financial?
Our team are fully trained and highly skilled, and every one of them is an expert in this field. We offer nothing less than the highest quality service, combining an intense work ethic with an excellent eye for detail and superb legal backing to create a company that will ensure we obtain the maximum possible settlement amount.
Couldn’t I just reclaim the PPI on my own?
Yes, you could, and it’s possible you would be successful. However, it would take a large amount of your time and effort, so we urge you to make use of a professional company instead. We provide top level legal backing, as well as years of experience in cases like these: experience that will enable us to obtain the maximum amount of money from your claim.
How much will it cost?
We work on a NO WIN, NO FEE principle. This means unless we succeed in obtaining your claim, you won’t get charged a penny. If we are successful, then our fees are 25% + VAT of the total amount we recover.
Are there any upfront fees?
We do not charge any upfront fees: we work strictly to our NO WIN, NO FEE basis.
Can I make a claim for more than one loan or credit card?
Yes, you can. Many customers have taken out several loans or credit cards in the past 6 years, and many of these have included Payment protection insurance. You are eligible to claim back money on any of these policies in which you were mis-sold PPI. Please contact us if you’re unsure, and our experienced team will help you.
Can I still make a claim if I have already claimed on the insurance?
Yes. Get in touch for more details.
How long do the claims take?
Obviously there are variations depending on the complexity of the claim: our average resolution for claims is between 8-12 weeks, although it’s possible for more simple claims to be resolved in less than this.
How much money will I get?
Our average claim is £2,100. PPI commonly costs approximately 20% of your loan, so on a £10,000 loan for example, you could be eligible for around a £2,000 claim. As part of the claim, you would also be entitled to interest on the PPI, as well as a statutory 8% interest that would be awarded by the courts.
What if I’m unsure as to whether my loan had PPI included?
Contact our team on 01733 393399, and one of our experienced advisers will be able to help you.
Will I need to attend court as part of my claim?
The vast majority of claims will be sent by us to the Financial Ombudsman Service, so there should be no need for you to attend court.
Is it still possible to claim on a loan that has already been paid back?
Yes, it is. The chances of a successful claim are reduced if the claim is over six years old, however: it will make a big difference if you still have a copy of the agreement.
What do I have to do to claim?
It’s simple: fill in the short form on the left, and a member of our team will be in touch. We will also ensure that you are kept updated every step of the way throughout the claim.
Latest News
Mis-Sold PPI Compensation Reaches Record High
The amount of money being paid out on mis-sold payment protection insurance, (PPI), hit a record high in November 2011. The cover was routinely sold alongside the loan in order to protect repayments should the customer get into financial difficulties, but many were sold the protection without approving it, with compensation reaching a staggering £379millon.
Posted by Chris White on 03 Feb 2012
Santander Profits Tumble Due to Mis-Sold Payment Protection Compensation
Profits at the UK section of the Santander banking group fell by a staggering 40% last year as it became the latest victim of mis-sold payment protection insurance payouts. The Spanish company was hit hardest by the cost of setting aside money to pay compensation claims, meaning that their profits slipped below £1billon.
Posted by Chris White on 03 Feb 2012
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All rights reserved. Creditline Financial is regulated by the Ministry of Justice under Registration No CRM19881 in respect of claims management activities. Registration can be found on the website www.claimsregulation.gov.uk.
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Creditline Financial PPI Reclaims
Creditline Financial has years of experience in the PPI Claims market and has returned hundreds of thousands of pounds to its customers through scores of successful PPI Reclaims.
Our dedicated team of claim handlers claim back an average of £2,100 for each and every one of our customers, making us a wise choice when thinking about claiming back PPI insurance.
If you think you may have been the victim of missold Payment Protection or mis sold loan protection then contact us using the form on this site and we will get straight back to you. Claiming back PPI is as easy as 1-2-3!
