Get Compensation for Missold PPI on Loans in the UK

Are you holding mis sold loan PPI – Payment Protection Insurance?

Every year, thousands of people take out loans to buy a new home or renovate their old ones, to buy a car or go to a dream holiday, or to consolidate existing debts. But in many cases, the credit agreements may have a PPI policy attached to it which may be mi sold PPI.

• Certain information has to be included and asked at the time of selling the PPI
• If a lender fails to include all the information, or provide incorrect data, then it may be amis sold PPI policy.

It might be that you have been mis sold a PPI policy and are not even aware of it! You may even be entitled to thousands in compensation.

PPI is often mis-sold when the terms are not explained properly to the consumer. In many cases, the lender simply adds the PPI with the loan without even informing the borrower about the extra charges they would be incurring, or dupe them with terms like “fully protected loan”. These are unlawful practices and thereby the consumer ends up holding a mis sold loan, fully entitled to a refund.

So how do you find out if you are sitting on a mis sold PPI?

• Ask yourself, before signing up for the loan, were you made completely aware that it included insurance cover to guard you against ailments, accidents and unemployment?
• Was the PPI policy clearly stated to you how much you would be charged every month in excess of the principal and interest on the loan itself?
• Were the terms and conditions of the PPI, like the age limit, or exclusions, fully explained to you, and were you eligible for a reclaim in terms of preexisting illnesses or age?
• Were you aware of the full financial repercussions of the mis sold PPI policy?

Use a claim solicitor or try and get compensation for mi sold PPI direct.

There are a number of websites of claim management organizations offering services of specialised solicitors to help you claim compensation or stop payment on a mis sold PPI policy. Experienced mis sold PPI claims solicitors with the expertise and knowledge to understand legal jargon can highlight any flaws in a consumers credit agreement.

Please note that many PPI claims firms and solicitors’ work on a no-win no-fee basis. This means that they will not charge you any fees for their services up front. Only if they can successfully settle your claim on mis-sold loan, they will ask for a certain percentage of the a percentage of the refunded amount as their charges.

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