PPI, Credit Cards and Financial Mis-Selling
If you have PPI on credit cards, did you know that you may have
been mis-sold it?
Many people do not realise it but PPI or Payment Protection
Insurance, available on credit cards and other types of loans, is
often sold wrongly to consumers. This is because of a problem. The
problem is that many financial institutions wish to sell more PPI,
on credit cards and elsewhere, in order to make greater profit. The
truth is that many PPI policies would not pay out even when they
should.
PPI on credit
cards is intended to help you to keep up the repayments on your
cards if unforeseen financial problems should befall you.
Unfortunately, you must meet stringent requirements to qualify, and
many people do not meet these requirements - which include the need
to be in full-time work and to have never suffered from any
ailment, including stress and backache.
If you have been mis-sold PPI on your credit cards, you may be
able to make a claim to have your insurance premiums refunded and
cancel your policy. This will not be easy, however, as lending
institutions are generally reluctant to give up this profit. That's
where Claims Financial can help. Just fill out the form on this
page and we will be in touch shortly to discuss your case.
"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