Mis Sold PPI
Payment Protection Insurance (PPI) has been sold alongside mortgages, loans and credit cards for many years. It was designed to help borrowers meet repayments in the event of accident, sickness or unemployment and if sold correctly can provide borrowers with excellent protection. However in many cases companies have mis-sold payment protection and there is the chance that you could be one of the thousands of customers making PPI Compensation claims.
How should PPI be sold?
PPI should only be sold to you after an assessment of your needs has been completed prior to you agreeing to the policy. If this assessment was not detailed enough or indeed was not completed at all, then you may be eligible for PPI compensation. It is important to note that you may also have a policy that is unsuitable for you or that may not pay out if a claim arises.
The cost of PPI is normally added to your monthly repayments, which means that you are paying interest on PPI for the duration of the loan, mortgage or credit card. The total cost you have paid out could quite often be thousands of pounds.
If you feel that you may have been mis-sold PPI on a loan or you feel you have the evidence for a credit card claim back then contact us today.
Changes in the law for the sale of PPI
Recent court cases have highlighted the issues around mis-sold payment protection and as such the FSA (Financial Services Authority) has already fined some lenders over PPI sales including Alliance & Leicester, Egg, Liverpool Victoria, HFC, GE Capital, and has now banned the sale of single premium policies. We, along with the FSA and CAB (Citizens Advice Bureau) believe millions of PPI policies have been mis-sold. We can now help you claim mis-sold PPI including credit card PPI claims to help you to get back the total cost of the policy and any interest charges.
Everything we do is on a No Win No Fee basis*and we only charge 25% on all successful PPI Claims
Why pay more?
*Please note that if you cancel your claim after our 14 day cooling off period, a cancellation fee may be payable. Please see our Terms & Conditions
How to Claim PPI?