About Mis-sold PPI

Have you been ever been sold Payment Protection Insurance?  (Also known as loan insurance or PPI)

Have you ever borrowed money in the form of credit cards, a loan –car or consolidation, or a mortgage? If so, it is likely that you have been sold Payment Protection Insurance (PPI) and you could be owed thousands of pounds in compensation.

Payment Protection Insurance, or PPI, is insurance that will pay out a sum of money to help you continue paying your monthly payments on credit cards, store cards, catalogue payments, mortgages and your car loan if you are unable to work. This is normally as a result of sickness, accident or unemployment and due to no fault of your own.

Payment Protection Insurance was recently described as an even bigger scandal than unfair bank charges.

TOP 10 GROUNDS FOR COMPENSATION

1. You were under 18 or over 65
2. You worked less than 16 hours a week
3. You were employed on a temporary or contract basis
4. You suffered from stress or backache
5. You had an existing illness
6. You were aware you may become unemployed
7. You were not told about the cost of the insurance (or not told you were buying it at all)
8. You were not asked about any other insurance you had
9. You were told the insurance was necessary for you to get the loan
10.You were not told that the same policy could potentially be bought cheaper elsewhere

If any of these apply to you, then you probably have a valid claim for a full refund.