Payment Protection Insurance Calculator
Even though you know that you have been mis sold PPI you may not realise exactly how much is due to be refunded to you. Although you can only estimate until the final calculations have been done, there is a way to get fairly close to exactly how much you have paid in. The best way to find out how much
may be due on a PPI refund is to use an online payment protection insurance calculator.
Why Is It Important to Know How Much I Have Paid?
Simply knowing that you paid mis sold PPI over a period of time on a loan doesn't exactly tell you how much you paid in. In other words, whilst it is always important to know what you are paying on and how much those payments are, it is doubly important to know that information when you have a refund coming to you!
What Information Is Used by a Payment Protection Insurance Calculator?
Actually, online and payment protection insurance calculator uses just a few figures to calculate what you paid in and what could be coming back in PPI refunds. You will need to know the cost of your loan insurance which is calculated on a specific percentage of your loan amount. For example, if you have a £10,000 loan and the cost of payment protection insurance is figured at 25% of your total loan amount, that PPI plan is costing you roughly £2,500. Then you will need to know how many months the loan is for and how many months you have paid into it. At this point a payment protection insurance calculator can tell you that if you were awarded the refund today, what that refund would amount to.
Have you tried our Payment Protection Insurance Calculator
If you feel that you have been mis sold payment protection insurance and are questioning how much you will be able to claim back, take a few moments to try
our online estimator and find out what refund you could receive. For more information on mis-sold PPI call our claims team on 0207 471 2000.
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