Money Advice Direct
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In the UK, over the last ten years there have been many consumers that have been miss-sold PPI insurance by banks and other lenders. So much so that the FSA and the FOS have had to
intervene. The financial sector in the UK has been forced to be more compliant with its terms and conditions regarding the selling of income protection insurance PPI policies.
FSA, CC and FOS have got involved in the misselling of PPI income protection insurance
They work together to create awareness of PPI income protection insurance so the public do not get missold policies.
Please note that in order to understand the area of PPI misselling, you may have to gain some knowledge of the methods adopted by the lenders that have been used to sell PPI over the last 10 years.
Ideally you need to be in full time employment to take out a PPI income protection insurance policy.
Check your PPI income protection policy document as you may have been misled!!!!
Please note that consumers in the UK are advised to make a complete check of the documents in hand, to find out if:
Only a few percentage of ppi insurance claims have been put forward by the claimants, whereas there are millions who are due to claim it. Are you one of them?
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.