PPI Claims Central now offering £25 to refer a friend

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PPI Claims Central now offers £25 to those who refer friends that were mis-sold payment protection insurance with financial products.

PPI Claims Central now offers £25 to anyone who refers a friend to their services in order to encourage more borrowers to come forward and reclaim money from mis-sold PPI. The wide spread mis-selling of payment protection insurance with loans, mortgages and credit cards is considered by many to be the largest financial mis-selling in modern times. It is estimated that millions of UK borrowers have been paying more than they should have, in the second half of 2012 complaints to the Financial Ombudsman Service (FOS) about PPI rose by 147% amounting to a total of 283,251 cases. UK banks have now set aside £19billion to deal with anticipated paybacks to borrowers.

Yet despite the large increase in complaints, there remains a large number of borrowers unaware they were mis-sold PPI. PPI Claims Central hope that by offering financial incentives for referrals that awareness of mis-sold PPI will spread so they can help reclaim their money. Currently a 1/3 of their existing clients came from referrals. In order to refer a friend, they offer a quick and easy web form available on their website.

The average amount they have reclaimed is around £2,300 although they have managed to reclaim as much as £60,000 for one client and a total of £17million amongst the 20,000-plus people they have helped. One of the reasons for their popularity is their wealth of experience having been in the industry longer than most other firms and their low service charges. Typically their no win no fee structure charges just 12.5% of any fees reclaimed, reduced to just 10% when 3+ people claim from one family, making them one of the most competitive PPI reclaims service providers in the UK compared to many other firms that typically charge as much as 25% of any reclaimed PPI charges.

About PPI Claims Central
PPI Claims Central is the UK’s leading PPI reclaims service having helped over 20,000 clients reclaim mis-sold PPI with an average amount of £2,300. They recommend that anyone worried that they may have been mis-sold PPI should get in touch with them immediately to see if they have a valid claim. They can be reached on Freephone: 0800 8499 120. Alternatively they offer a refer a friend scheme through their website at http://www.ppiclaimscentral.org

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