Should I be paying for PPI cover?
PPI cover, a form of loan insurance, may sound like a good
thing. It's sold as a policy which will cover your repayments
should you suffer an unexpected loss of income. The way it's
promoted, you could be forgiven for thinking that PPI cover is a
necessity.
But PPI cover isn't for everyone - despite what unscrupulous
lenders might claim. There are a whole host of reasons you might be
ineligible to claim insurance money on a PPI cover policy, and yet
many loan companies attempt to sell it to everyone, some even
bundling it in with the loan without the customer's consent.
PPI will not cover you if, for example, you were working in a
temporary, part-time or contract job when you took out the loan.
You should also not have been offered PPI cover if you were under
18 or over 65 at the time, or suffering from any long-term illness,
including stress and backaches. In these cases, PPI cover was sold
to you inappropriately - and you may be entitled to
compensation.
Claims Financial are experts at securing mis-sold PPI cover
compensation for our customers. Our No Win No Fee service leaves
you with nothing to worry about, and - with the Financial Services
Authority estimating the average PPI cover compensation payout at
£1,560 - you could be owed a lot.
So if you'd like to find if you were inappropriately sold PPI
cover, or submit a claim for PPI cover compensation, fill in your
details on the form on the right and we'll be in touch.
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