Consumer Law Blog

ASU insurance - the Trojan horse of PPI

You may have heard on TV and in the newspapers of the millions being handed out in compensation for PPI. If so, you may have scrupulously checked your statements for the letters "PPI" and abandoned the project after failing to find them.

If this is the case you should go back to your filing cabinet and get that loan or credit card contract out once again! A number of companies, perhaps foreseeing the PPI scandal have tried to dodge the issue with a crafty tactic. These devious legal eagles found ways to include payment protection insurance (PPI) in their contracts without the consumer being any the wiser. PPI in many cases has simply been renamed ASU, for Accident, Sickness & Unemployment Insurance. So don't get caught out, if you were mis-sold ASU you are eligible in exactly the same way as you would be if you were mis-sold PPI!

Other Trojan horses to look out for in your contracts are:

• Payment Cover
• Protection Plan
• Loan Protection

These are all synonyms of PPI. If any of these terms occur you should check to see if you are eligible to claim back your PPI!

Other Forms of Veiled PPI Mis-selling

Of course, this wasn't the only way in which PPI polices were sneakily added to loans and mortgages. Banks and lenders would mis-sell the policies under a cloak of misleading language and cleverly placed disclaimers and "opt-out" boxes.

Some banks specifically trained their staff to sell their PPI policies at any cost, regardless of their usefulness or desirability to the consumer.

If you fell into their cynical trap, let us help you to claw your way out.

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