If you have taken out a Loan or Credit Card in the Last 10 years then you may have been paying for Payment Protection Insurance (PPI) and not known about it, wanted it or being able to use it.
PPI has cost borrowers thousands of pounds in fees and interest payments and in many cases it has been mis-sold or included alongside a loan without the permission of the customer.
Many lenders and insurers are paying out PPI compensation due to their sales people not fully explaining Payment Protection Insurance or adding it to the loan or credit card without consent.
If you have taken out cover and the representative did not fully explain to you the details then there’s a good chance that you can make a PPI claim for the monthly payments you’ve been making or made.
If you have taken out a loan or credit card and were sold Payment Protection Insurance (PPI) you could be entitled to claim compensation.
An estimated 60% of the PPI policies may have been mis-sold. PPI is also known as “loan insurance” or “unemployment cover”.
This is an added extra when taking out a loan or credit card with your local bank, often this is mis sold, misrepresented and you were mis-informed. for a free assessment apply today
Have you ever been told that PPI was compulsory, or that even taking out PPI would give you a better chance of getting the loan. Claim today
Regulated by the Ministry of Justice in respect of claims management activities. Authorisation number CRM2506. View at www.claimsregulation.gov.uk
* that's the average amount of compensation awarded to i-Smart PPI loan customers