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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