If you've ever taken out a Secured loan, Unsecured loan, Mortgage
(MPPI), Credit Card or other financial agreements, then there's a good chances
are you were sold Payment Protection Insurance (PPI) at the same time.
PPI covers your debt repayments if you are unable to work, you become ill or
have an accident, or if you are made redundant. This policy is generally attached
to your credit agreements and is often mis-sold which means you might spend a
lot of money on expensive insurance you'll never be able to claim on.
Organisations such as the Ministry of Justice, Competition Commission, Office
of Fair Trading (OFT) and the Financial Services Authority (FSA) have been
raising awareness and voicing their concern about the idea that many lenders
are attaching this policy unlawfully.
Many banks and creditors have been found mis-selling
Statistics indicate that over 10 billion pounds worth of policies have been sold in
the UK and that 8 out of 10 of these policies may have been sold incorrectly.
Some of the major banks and creditors have already been fined for mis-selling
PPI Including:
Barclays
RBS
HSBC
MBNA
Lloyds TSB
Northern Rock
Nationwide
Future Mortgages
AA Finance
Plus many more....
It is estimated over 20 million people could have a claim to being sold PPI
wrongfully and could be entitled to compensation.
Some instances of mis-selling include
If you find yourself answering yes to any of these questions then you could be
entitled to make a claim.
You were not in full time employment at the time of the agreement
You was told that the PPI was compulsory
You were not given full details of the insurance policy
Payment protection insurance was sold to you without you
knowledge
The full cost of the policy was not explained to you
You were told that you could NOT get PPI elsewhere
If you feel you have been mis-sold then call us today
Using the Contact Us page, get in touch with us today so we can discuss your
claim and see if we can take it further.
We manage the entire complaints process from start to finish, dealing with the
financial institutions on your behalf and, if necessary, pursuing your case further.
You can be safe in the knowledge that the best in the business are looking after
your claim.