With official figures showing that over 85% of people who claim PPI compensation have been successful, it may be worthwhile to find out if you ever were mis-sold the pesky payment protection insurance.

If you have ever taken out a mortgage, had a credit card or loan, then you may have been mis-sold PPI. This scheme used to be sold at the time of taking out the product, and was basically an idea that said PPI would cover your payments if you became unemployed or fell ill. Many policies were added on by sales staff, without customers realising they could opt out and this is why there’s been such a high rise in PPI compensation.

If you can remember a conversation, then chances are you may have actually been sold the product. So look at your old paperwork and check out the small print.