Payment Protection Insurance or PPI is designed to cover the cost of your loan repayments should you become unemployed through redundancy or unable to work owing to accident or illness. Double check your loan paperwork. On a loan agreement PPI may be referred to as 'Loan Protect', 'Loanguard' or 'Gold Cover' for example and is often detailed in the 'other financial information' section of your agreement. Invariably these policies are hugely overpriced and you could be paying an extra 13% to 56% on top of your loan (Citizens Advice Bureau research) and you may not even be aware of this. A major problem has been that PPI may never have been needed if other insurances were in place and furthermore it has been found that people have been unable to claim on their policies when the need did arise, because of small print and exclusion clauses that were not explained at the time. In fact many policies were never fully explained in the first place. Some people paid for PPI with one single premium that was added to their loan, resulting in huge interest payments and if the consumer paid his loan off early, very limited refunds were made available. We are specialists in helping people win fair compensation, or receive a refund, for a mis-sold Payment Protection Insurance policy. We will help you get a full and correct refund It's your money - claim it back! There is nothing to lose! The Financial Services Authority (Regulator of the UK's financial services industry) has already fined major banks and lenders and has stated that it will continue to impose fines on companies who mis-sell payment protection insurance. If your PPI policy has been mis sold ppi, you may be able to claim compensation from your lender.