According to the FSA, mis selling of PPI is widespread
In a report by the FSA, mis selling of PPI was revealed to have
occurred in over 70% of cases.
PPI (Payment Protection Insurance) is often taken out on a loan
to ensure the borrower's ability to repay the debt is not shaken by
any unexpected loss of income.
But the FSA found that mis selling of PPI was so rampant that in
many cases people were paying premiums on a policy which failed to
protect them.
This mis selling is down to lenders failing to carry out
financial assessments on customers prior to offering them the
insurance, and in many cases using high pressure sales tactics to
force policies onto customers who were not interested or did not
understand what they were buying, said the FSA.
The FSA is now cracking down on the mis selling of PPI. If you
have been a victim of the mis selling, you are entitled to
compensation - but lenders still aren't eager to give it out.
Claims Financial, however, is here to help. We can claim
compensation for you if you're suffered as a result of PPI mis
selling. Our NO WIN NO FEE service ensures that in the incredibly
unlikely event of an unsuccessful claim, you don't owe us a penny -
and, with the FSA estimating the average payout as £1,560, it's
certainly worth a try!
Just fill in your details on the adjacent form to get
started.
Claims Financial
"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