MIS-SOLD PAYMENT PROTECTION INSURANCE?
….Your chance to fight back
The High Street Banks and Finance Houses have made £5.5b a year from selling payment protection insurance (PPI) to vulnerable customers.
An undercover investigation by the Financial Services Authority (FSA) has revealed widespread mis-selling of PPI to customers taking out mortgages, loans and credit card arrangements.
Typical examples of mis-selling include FAILURE to:
- advise that PPI is optional
- advise that PPI is unnecessary for the self-employed
- give clear information about the product and its cost
- explain the true cost when payment is added to the loan
- advise that the policy is a single premium policy
- advise that the policy carries a commission to the agent of up to 80% of the value of the premium!
The mis-selling of these policies over the last 20 years has been so widespread that the FSA estimates that millions of unsuspecting customers are being mis-sold these policies and are entitled to claim a refund. Some individuals who have taken out many loans over the years may have multiple claims against different Banks and Finance Houses.
A mis-sold PPI policy on a £20,000 loan could entitle the customer to a refund of over £5,000 over the full period of the loan.
It is important to properly present your claim for a refund and to see if you have been mis-sold PPI, click onto “make a claim” and complete the enquiry form for a prompt decision as to whether you are entitled to claim a refund of your premiums and interest.
Click here to download our Mis-Sold PPI Article
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Call 01908 577680 or email to speak to one of our Finance Mis-Selling Claims (PPI) Specialists
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