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 is a huge financial scandal that has come to
light in recent years, with a great many consumers realising that
they have been forced to pay 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 benefits of this concept.
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 provide financial reclaim services
for those who have been wrongly sold PPI by unscrupulous lending
institutions, offering 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.
"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