The Average PPI Payout On Credit Cards

Since it became public knowledge that millions worth of PPI policies had been mis-sold to consumers, the financial industry has seen more and more claims being made for compensation. Loans, credit forms and repayment plans from the 1980’s and 1990’s have all come under scrutiny regarding whether the payment protection policies attached to them were sold in good nature, or whether the consumers were misled or pressured into paying for this additional service. For owners of credit cards over the past 30 years, you could find that you may be entitled to a credit card PPI claim, which is where the team here at Money Back PPI come in – we can help you submit a PPI reclaim on credit cards and their repayments if you believe you may have been mis-sold PPI in the past.

 

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The average payout for credit card PPI claim applications is ultimately dependent on the policy you were paying for, how long you were paying for it, the cost of the premiums, card interest rate and credit limit. However, the Financial Conduct Authority (FCA) has suggested that the average PPI payout on credit cards and other financial products is around £1,700. However, it’s important to note that you could get both less and much more than this figure, depending on the length of time that you have been paying PPI for.

If you’re considering a credit PPI claim, our experienced team here at Money Back PPI can assist you with your claim. We have the expertise on hand to help put your claim through, with a higher rate of success amongst our clients than other competing brands. With a No Win No Fee policy and low rates if you’re successful, you can rest assured that we will dedicate our time to bringing you success where we can.

Reclaiming PPI On Your Credit Card

If you want to make a credit card PPI claim just provide us with the name of the bank/institution you would like to make a claim against and we will write to them requesting details of your account/s and any associated PPI.

For help with your credit card PPI claim, fill in our contact form today and a member of our team will be in contact soon.