Have you been mis-sold a PPI policy?

Mis-sold PPI policy advice and help - what is a PPI policy?

In the UK Payment protection insurance or PPI is offered to cover payback debt repayments in the following unforeseen situations such as:

• Unemployment
• Illness
• Becoming a carer
• Business failure

In the past few years PPI or Payment Protection Insurance has been widely mis-sold, with this mis-selling being carried out by not only the banks or providers but also by third party brokers.

The sale of such policies was typically encouraged by large commissions, as the insurance would commonly make the bank/provider more money than the interest on the original loan such that many mainstream personal loan providers may make no profit on the loans themselves; all or almost all profit is derived from PPI commission and profit shares.

Have you taken a PPI - Payment Protection Insurance with in the last 6 years? Do not suffer in silence just claim for mis-sold PPI policy

Are you in doubt that the policy? If so please check all documents to see whether the policy was mis-sold. Please follow the following points:-

• You were told you had to take the payment insurance.
• You were told you could not get the loan without PPI.
• Were all the points of the policy discussed with you and also make clear to you?
• Did the person arranging the credit product strongly advise you took out PPI cover?
• Did the PPI seller know you were soon to be unemployed?
• Was the PPI cover offered included in the loan amount?
• You were self employed when the PPI was sold to you?
• You were retired or over the age of 65 when the PPI was sold to you?
• Were you asked about any pre-existing medical conditions?
• Were you were employed on contractual basis when the PPI was sold to you?

Method 1: Contact the Financial Ombudsman Service (FOS) to complain about a missold PPI policy

The Financial Ombudsman Service - FOS was set up by parliament to can look at complaints about a wide range of financial matters - from insurance and mortgages to investments and credit. Each year the Financial Ombudsman Service - FOS deal with almost a million enquiries and settle over 150,000 disputes.

The Financial Ombudsman Service - FOS are independent experts in dealing with PPI complaints and their service is free to consumers.

Method 2: Contact a claims solicitor or claims firm to complain about a missold PPI policy

Once you are sure that you are going to seek advice you need to choose a legal advisors or pursue the matter personally. 'No win - No Fee' PPI claims is a slogan used by these groups of claim consultants.

The 'No Win - No Fee' concept is simple. If the solicitor tries to reclaim PPI charges on your behalf and is unsuccessful in the attempt you do not have to pay any charge for this unsuccessful claim.

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