If you’ve had a Mortgage, Loan or Credit Card in the Last 6 years then you may have been paying for Payment Protection Insurance (PPI) without either knowing about it, wanting 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 permission from you, the customer.
It’s because of mis-sold PPI that the Financial Services Authority (FSA) and the Financial Ombudsman (FOS) are investigating insurance providers and lenders with an aim to fine those responsible. If you’ve been mis-sold PPI then there’s a good chance you are owed thousands of pounds and you can get it by making a PPI claim through PPI.org. To find out how much you’re owed, simply fill out the quick and easy form above or give us a call now on 0800 840 72 92 and get your FREE calculation from a member of our friendly team.
If you’re not sure whether you have a Payment Protection Insurance policy or a claim, it may help you to know what PPI is also known as:
- ASU Policy – Accident Sickness Unemployment Policy
- PLP – Personal Loan Protection
- MPPI – Mortgage Payment Protection Insurance
- CCPP – Credit Card Payment Protection.
All of these types of insurance have been mis-sold and the Ombudsman is upholding the majority of complaints that they receive about PPI related products. And it’s no wonder when you consider what has gone on, from pressure selling and blackmailing to customers being told that PPI was compulsory and not explaining the terms and conditions, there has been a major failing by a great-many lenders and providers.
You won’t believe how badly they mis-sold PPI policies:
Some lenders and insurers are facing PPI compensation claims because their sales staff didn’t even take the time to discuss health or employment histories before signing the customer up for the cover. As a result; financial consumers are finding that when they actually needed to use the insurance, it was completely useless and they’d paid a pretty penny for a pointless policy.
If you took out cover and the representative didn’t explain the full details then there’s a good chance you can put in PPI claims for the monthly payments you’ve made. Some lenders even lumped the whole cost of the PPI on top of the borrowing meaning that you may never have known you were paying for PPI. In these cases, borrowers have not only been paying interest on the loan amount but also on the PPI as well!
The banks, lenders, insurers and providers simply cannot get away with this irresponsible and unfair behaviour and if you are ready to get your money back then PPI.org can help. To find out how much PPI compensation you are owed, simply fill out the form above or give us a call FREE on 0800 840 72 92. And remember – there’s no obligation at all and if you want us to handle your claim for you, you can be sure that we operate on a NO WIN NO FEE basis.