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We’ve all experienced it, pushy sales people trying to sell us payment protection insurance (PPI) when you take out a loan or apply for a credit card.
The idea is that PPI covers your debt repayments if you can’t work. It pays off the debt if you are ill, have an accident, or are made redundant. But PPI is often mis-sold, which means that many people are left paying for expensive insurance policies that they’ll never be able to claim on.
It’s a huge problem. According to Which? over two million PPI policies have been mis-sold. An amazing 85% of PPI claims are rejected by insurance policies.
If you think you may have been mis-sold PPI, we can help. Our specialist PPI team has helped thousands of people check if they were misled when buying PPI – and helped them to reclaim every penny they have paid in premiums.
According to the Citizens Advice Bureau, the average claim for PPI is £2,500
What Can I Claim for:
If you have used one of the following lending facilities in the past six years, you may have a PPI policy:
- Consolidation loan
- Car loan
- Personal loan
- Credit cards
- Store cards
- Mortgage
This includes people who have taken out PPI without being told that it won’t pay if they are self-employed, retired or have to stop work because of an existing medical condition, and people who’ve taken out a policy because the loan company told them they had to.
And when applying for credit, were you:
- Told you had to have PPI to get the loan?
- Pressured into buying PPI by a pushy sales person?
- Sold a financial product without being told PPI was included?
- Self-employed, unemployed, redundant or retired?
If you answered yes to any of the above you may have been a victim of PPI mis-selling and therefore be entitled to a full refund.
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