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If you have taken out a loan, mortgage or credit card in recent years then it is possible that you are paying inappropriate Payment Protection Insurance (PPI). If you have been mis sold your PPI policy you may be entitled to reclaim PPI through PPI Claims processees and get payment protection compensation.
Payment Protection policies are sold to cover credit card or loan agreements in case of sickness or unemployment. The Citizen’s Advice Bureau referred to the sale of PPI as a ‘protection racket’ and they have found evidence of widespread high pressure selling techniques and inertia selling. Its estimated that as many as 20 million PPI policies have been mis-sold, meaning that one third of the UK population could be eligible for PPI claims or a loan protection claim.
Instances of PPI misselling where you could be eligible for a PPI claim include;;
- Being told you had to take out PPI in order to get the loan
- Not being informed you could buy PPI from an independent provider (often much cheaper)
- Not being told about any exclusions that would prohibit you from making a successful claim
- Not being asked about any existing insurance cover you may have had
- Secret/hidden commissions
- Policies being included and charged for without the knowledge or consent of the client.
With no upfront fees*, Innovative Finance will establish whether or not you have a valid claim for payment protection compensation. Our in-house barrister and team of solicitors will work fearlessly and independently to reclaim PPI and get the most out of your PPI claim. We do not submit your claim to any panels or external legal teams.
All our solicitors are fully trained in this area of law and understand the market and its breaches. They know to look not just for mis-sold PPI policies but also the unlawful commissions often taken without knowledge on your part which can lead to successful PPI claims.
With the techniques our team adopt, we get to the heart of your claim and ensure that when we reclaim PPI, every penny you may have unwittingly paid is refunded to you, often with interest.
*Fee payable if PPI Claim case is not pursued at clients request.
