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Payment Protection Insurance (PPI) Mis-selling

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).

PPI is a product sold by credit lenders to provide you with protection should an unforeseen change in your financial circumstances leave you unable to meet the loan repayments. There are clear rules that finance firms and lenders must adhere to when selling PPI polices. If you have taken out a policy and the seller didn’t stick to these rules then you may be entitled to compensation due to potential PPI misselling. Research by the Citizens Advice Bureau shows that there are as many as 20 million PPI policies currently active in the UK. However, fewer than half a million claims are made each year and one in every four claims is rejected by the insurer. In fact many of these are mis sold PPI policies have been mis-sold with in some cases the client not even being aware that they have it. PPI misselling can be common and for many people the insurance is unnecessary, unsuitable and hugely expensive.

How do I know if I have a mis sold PPI policy?

Common instances of PPI misselling include -

  • Lenders unfairly using their bargaining power to manipulate consumers to enter into unfair credit agreements
  • Not being told about any exclusions that would prohibit you from making a successful claim
  • Policies being included and charged without the knowledge or consent of the client
  • Not being made aware that the policy doesn’t cover the entire period of the loan
  • Lenders including unfair contract terms in the credit agreement
  • Brokers taking secret commissions from lenders without proper disclosure to you
  • Not being informed you could buy Payment Protection Insurance from an independent provider

Lenders often over charge consumers, unfairly packaging and selling inappropriate products. Many of our clients have recovered thousands of pounds in PPI claims due to miss sold PPI – entirely on a no win no fee basis.*

Our Reviewer takes into account all the relevant information from a potential mis sold PPI and puts them on the right track for reclaiming monies that should never have been taken from them.

If you have been mis-sold a Payment Protection Insurance policy you may be able to claim all of your money back. To find out more about PPI mis selling, PPI Compensation And whether you have a case for a claim contact us today.

*Fee payable if case is not pursued at clients request.