Advice on PPI Misselling in the UK

PPI (Payment Protection Insurance) miss-selling

PPI and the problem of PPI misselling

Payment Protection Insurance is a financial product available in the UK that can reduce the risks of financial problems in the unlikely event of being unable to pay outstanding borrowings.

PPI Misselling by banks and other lenders

In-spite of the benefits PPI there are also some problems related to PPI and that the problems are are usually related with its mis-selling. The problem of PPI misselling is usually done by some salesman of banks and other lenders who have missold PPI policies to some people who would never qualify to claim it such as:

• A student
• An unemployed person
• A self employed person
• Retired person
• House wife no income

In the UK some consumers have been missold PPI policies whilst taking out loans and credit cards. However this practice of “point of sale” PPI misselling has been outlawed by the government’s city regulators and now PPI is only available only for UK consumders who specifically opt for this.

Have you been a victim of PPI misselling?

In theory, the concept of PPI is actually quite good. PPI usually proves a good option for the consumers for repayment of their loans in various unfortunate situations. However, banks and other lenders have oversold PPI policies and now UK consumers are fighting back and reclaiming £1,000s of pounds due to PPI misselling.

• At the time of taking out the PPI policy were you self employed?
• At that time of taking out the PPI policy were you unemployed?
• At that time of taking out the PPI policy were you employed on contractual basis.
• Are you retired person?
• Did you have any already pre-existing medical conditions?
• Was the PPI policy written into the borrowing loan without prior knowledge?
• Were the points of the PPI policy discussed and made clear to you?
• Was there a box in the PPI policy documents that are prefilled giving your authorization to accepting PPI?

If a consumer actually finds that a PPI policy was mis-sold then they should pursue an action for PPI misselling. In this situation a consumer he can seek the help of the PPI misselling claims solicitors or other claims handling specialists.

If you’re not sure what do to next – get in touch with us. We should be able to sort out which company is involved and pursue then for compensation.

• 'No Win - No Fee' Service and No Upfront Fees
• Expert friendly advice
• We will handle your case from start to finish

Click here to complete your PPI Claim Form