Have you been mis-sold payment protection insurance? If you believe you were given bad advice or were not properly informed about your payment protection insurance you may be eligible to claim back all your premiums! Contact us today on 0845 618 0206 to find out how.
Payment Protection Insurance
Have you been mis-sold payment protection insurance?
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Mis-sold Payment Protection Insurance
Payment Protection Insurance (PPI) policies were often sold as an add-on product alongside normal credit card, loan or mortgage agreements. They were originally sold as an insurance product that would cover monthly repayments should the policy holder have an accident or become ill, or be made unemployed and unable to meet the minimum repayments themselves.
Chances of making a successful claim
It is now widely recognised that many PPI policies have been miss-sold to the policy holder in some way, and consumers are able to claim redress to compensate for payments they have made towards policies that:
- They will never be able to claim on
- They weren't aware they had been sold
- Were sold without a full assessment of their individual circumstances
- Weren't refunded if the finance it was covering was redeemed early
In many circumstances, it can be demonstrated that a PPI policy has been miss-sold to the policy holder. If it is proved that the lender or policy provider is responsible for selling an unsuitable product to a client, then compensation can be claimed back.
PPI claim experts
Your Credit Matters can help you to:
- Find out if you are eligible to claim against miss-sold PPI
- Negotiate with lenders to reclaim the compensation that you are owed
Submit a PPI Claim
Why can I claim?
If you have taken out any finance, including personal loans, credit cards and car finance, it is more than likely that you also took out a Payment Protection Insurance policy at the same time. The Financial Services Authority, along with the Office of Fair Trading and Financial Ombudsman, now support the theory that millions of the policies held by consumers have been miss-sold for one of many reasons:
- You may not be eligible to make any claims under the policy you have been sold
- You may have been lead to believe that the insurance was mandatory
- You may have been charged interest on the premium without realising it
- The terms of the insurance weren't explained fully to you
- You may not have been refunded the costs of the PPI if your loan or finance was redeemed early
- You may not even be aware that you were sold PPI