Wrongly sold PPI

Have you been wrongly sold PPI?

If you have taken out a loan from any bank or building society, you may not have realised that you could have been wrongly sold PPI.

Wrongly sold PPI has come to light in recent years, with a great many consumers realising that they may have been paying for an insurance policy which is of no benefit to them.

PPI - or Payment Protection Insurance - is a type of insurance which is intended to grant you greater security when taking out a loan, by ensuring that you will have the money to keep up repayments if you should undergo an unexpected drop in your income (for example, by losing your job).

The idea of a payout in such a situation, reducing the risk of being unable to pay off your loan, is encouraging to many, and this is the main draw of the policies. Wrongly sold PPI, however, eliminates the benefit of this sort of insurance..

Wrongly sold PPI is often completely unsuitable for the customer in question - for example, it may have been sold to someone who does not meet some of the criteria for taking out such a policy, thus invalidating it and meaning that the individual in question could never make a successful claim. In some situations, wrongly sold PPI occurs when the borrower is told they must take out the policy in order to be approved for the loan - or even has it added on to the total sum of their loan without being told that it is there.

If you feel you may have been a victim of wrongly sold PPI, Claims Financial can help. We offer a no win no fee* service to reclaim any PPI premiums you have paid so far and cancel the policy so you will not have to make more payments in the future. Simply fill out the adjacent form and we will be in touch.