The Financial Ombudsman Service experienced 57 per cent more complaints regarding mis sold payment protection insurance between October and December 2011 than it did in the previous three months.

In Q4 2011, the FOS received 30,301 new cases about PPI. The figure represents nearly a third of all complaints received about payment protection insurance last year.

It is estimated that 6.5m payment protection insurance policies were sold to customers each year. In many cases, these policies were sold to customers who didn’t want, couldn’t use or even know about and it is this that has prompted the nationwide scandal.

To see if you have been mis sold PPI, you will need to contact your lender directly who will then evaluate your case. The lender can reject your claim with little, if any, explanation. Should this happen, or should they make you an offer which you believe is insubstantial, the onus is then on you to escalate the matter to the Financial Ombudsman Service.

Alternatively, you can instruct PPI Return to do all this on your behalf. Simply complete our online claim form and we’ll be in touch to discuss your claim.

More than two thirds of cases referred to the FOS were resolved in favour of the customer.

PPI Return is an expert in retrieving compensation for mis sold payment protection insurance. We believe our experience in the area can help make the whole claims process as simple and stress-free as possible for you.

We have the knowledge to help you obtain the right amount of compensation you could be entitled to as quickly as possible. We have recovered over £20m in compensation for our customers and recently received our biggest offer to date of £143,441^.

Contact us today to see if we could help you make a claim for mis sold PPI.

^GW Data