How could Allay make a difference for you?
94% of our winning clients didn’t know they had PPI until we did a FREE* check for them!
Why choose Allay?
2m
We have almost 2 million customers in the UK
£3.25K
Our customers' average PPI win
94%
Of our winning customers didn’t even know they had PPI
14 Days
Can take as little as 14 days from returning your pack to us locating PPI
Claiming with us means we’ll manage your entire claim from start to finish, liaise with your lender and do everything we possibly can to get you the refund you’re entitled to. All you need to do is sign and return your pack and let us do the hard work for you.
#WhatadifferenceAllaymakes
Discover how we’re changing the lives of our customers and their friends and families.
Still have questions?
Read the answers to some of our most asked questions below.
What is PPI?
PPI (Payment Protection Insurance) is an insurance product sold when taking out a loan, mortgage, credit card or other financial agreement. PPI covers the policy holder for their monthly repayments should they suffer an illness, lose their job or any other situation which results in the policy holder not being able to earn money to meet their commitments.
How can I tell if I have PPI?
Some borrowers were sold PPI policies without even being told about it; so you may have a payment protection insurance policy you weren’t aware of. If you have a loan, it is worth checking:
- The original loan documents and seeing if PPI is mentioned
- Whether there are any other unexplained charges included amongst the repayments
- Your banking history to see if there has been any other direct debits you were not aware of.
Why are Lenders paying back PPI?
In April 2011, The High Court ruled that all lenders who have mis-sold PPI must compensate clients. Millions of claims have already gone through the banks and billions of pounds have been paid out in redress. Often cases have ended up with the Financial Ombudsman Service, where the majority of claims that were refused by lenders where actually found in favour of the consumers and they received compensation.
Do I have a valid PPI claim?
If you have taken out a loan a mortgage or a credit card, you may have been mis-sold PPI. Below is a list of reasons as to why it may have been mis-sold; if you agree with any one of them you may be eligible to make a claim.
- You were not aware you had been sold PPI
- You had previous medical conditions when you bought the PPI policy
- You already had cover with another insurance provider
- The Lender did not investigate your financial situation to ensure the PPI policy was the right policy for you
- You were advised to take out the policy to obtain the loan/credit card agreement
- The sales person was pushy and you felt you had to take out the PPI policy
- Depending on your employment status you may not have needed PPI. For example, if you were self-employed, the PPI policy would not apply to you