FSA policy on missold PPI
The Financial Services Authority, or FSA, has reported that
Payment Protection Insurance has been mis-sold by financial
institutions over 70% of the time.
A PPI policy taken out on a loan is supposed to pay out if you
encounter a drop in income, enabling you to keep up the repayments.
But the FSA has found that they are so often mis-sold in such a way
as to be useless that lenders owe their customers over £4 billion
in compensation.
The FSA policy on this is that people are entitled to claim back
premiums they have paid on mis-sold PPI. But, of course, the
lenders aren't enthusiastic to let go of their money - and that's
why Claims Financial is here.
Claims Financial
operates a NO WIN NO FEE policy as we work to claim compensation
for mis-sold PPI and unfair credit card charges on behalf of our
customers. So if you're looking to claim back money from
unscrupulous lenders, be sure to apply today by filling out the
adjacent form.
"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