PPI - were you mis-sold it?

Have you been mis-sold Payment Protection Insurance? PPI (Payment Protection Insurance) policies were designed to cover the cost of loan repayments in the event that you were off sick or became unemployed. They were mainly taken out with loans, mortgages and credit cards.

The major problem with PPI is that most people who were sold the policy didn't really need the cover and in many cases the policies were sold to people who could never qualify for a claim anyway,eg retired, self-employed, unemployed etc. Also bad backs and stress " the main two reasons for being off work " are usually always excluded from the contract.

Some of the major banks have already been fined for mis-selling.
It is estimated that over £10 Billion of policies have been sold and as many as 30
million policy holders may have a claim for compensation.

Statistics indicate that as many as 8 out of 10 of these policies may have been sold incorrectly.

Some instances of mis-selling include
• You were told you had to take out PPI in order to get the loan or product.
• You were pressured into buying PPI.
• You were not informed you could buy PPI from an independent Provider 80% cheaper.
• You were NOT told about any exclusion’s.
• You were not asked whether you already had sufficient Insurance cover.

What can Payment Protection Refunds do for you?
Payment Protection refunds will establish whether or not you have a valid claim for compensation.

If you feel you were a victim of mis-selling then I can help you recover your premiums and interest .

The involvement of our solicitors on claims where the premium for the Insurance ( PPI ) was added to the loan will mean that they will be seeking settlement on the basis of , The Lump sum involved, Compound Interest and the refund of any secret or hidden commissions.

Don't delay of you have suffered from the PPI mis-selling scandal, contact me now.