Refunds open the door of indulgence
By Guy Needles, 22nd August 2011
Many people in the UK are reaping the rewards of claiming back
mis-sold payment protection insurance from their banks.
It is widely known that the financial product most commonly
referred to as PPI was systematically mis-sold by practically every
financial institution in the land. The consumer has however fought
back against this iniquity and now the unscrupulous perpetrators of
this scandal are getting their just desserts and their funds
drained by thousands upon thousands of valid mis-sold PPI
claims.
What is 'mis-selling' though, I hear you ask? There are a
number of things which constitute mis-selling, and if any of these
apply to you, you should be entitled to reclaim any money spent on
your PPI policy. These range from not being told you were paying it
to being led to believe that it was compulsory.
Naturally the size of mis-sold PPI compensation payouts varies,
but claimant can often receive thousands of pounds. Many people
have used this money to make a significant purchase such as a car,
while some have put it towards excessive lifestyles. Some more
prudent individuals have simply stored the money away for a rainy
day.
If there are genuine grounds for claiming that PPI was mis-sold,
compensation will most likely be awarded. The devious banks
originally contested a court ruling compelling them to pay out
compensation to those to whom they mis-sold PPI, but in May they
backed down, opening the floodgates for potentially millions of
claims.
What's more, if you use a no win no fee claims management
company there really isn't anything to lose.
Find out more about reclaiming mis-sold PPI.
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Testimonial
"I just had to put pen to paper and write to say I'm more than delighted with my settlement that you won me back from my PPI I had with Lloyds TSB. The Claim Forms were simple to fill in. It was a breeze"
Mr R Evans 11 Nov 2010