If you have taken out a mortgage, car loan, credit card, consolidation loan or any kind of finance agreement within the last 7 years, there is a high possibility that the company providing those financing arrangements would have attempted to, or succeeded in selling to you a payment protection insurance policy (PPI) at the same time.
PPI is designed to protect you if you fall ill, become unemployed or redundant by paying the installments on your loan or mortgage. If sold correctly this type of insurance is a valuable product. However, the financial rewards to the sales person and the company are substantial.
The Financial Ombudsman has estimated that of the 20 million plus Payment Protection Insurance policies in existence, between 50% and 75% could have been mis-sold which means you could be in line for compensation from your policy.
The Ombudsman has already fined many well known, reputable companies for their illegal practices including Capital One, Liverpool Victoria and Alliance & Leicester.
PPI Claim Management can help you claim back the PPI costs linked to your loan.
The type of loan does not matter - secured (that is a charge or mortgage on your property) or unsecured, a personal bank loan, credit card or car loan etc. The cost of the PPI policy is added to the loan and paid over the entire term gaining interest and making it an expensive insurance product.
Unfortunately many consumers, like you, may have been mis-sold PPI when taking out a loan, credit card or mortgage. Usually this is due to the fact that the sales advisers for the bank or lender have not done their due diligence by checking if you were suitable for the insurance. Some people do not even know that the PPI has been added to the loan. Some have not even been able to claim on their PPI policy because they had a previous medical condition. The small print in the PPI terms and conditions prevents many claims being made so that the policy is worthless.
Further, many sales advisers fail to explain clearly that the PPI policy does not cover the entire loan. PPI will only pay out for a limited period of time, for instance 12 or 24 months making the cost of the PPI less attractive even if a claim could be made.
Certainly by adding the cost of the PPI to the loan or mortgage which gains interest makes it a very costly insurance product. If you attempt to cancel the PPI policy during the loan term, especially in the early years, you will be financially penalised. What many sales advisers fail to say is that PPI can be sold on a monthly basis and cancelled at any time without penalty.
If you have been mis-sold a PPI policy you are entitled to your money back plus interest.
Some Claims Companies will charge clients an upfront fee. We will look at your PPI claim forfree and will not charge you anything upfront. We work on a NO WIN, NO FEE basis so if your claim fails for whatever reason you do no pay anything.
With an expert legal team and extensive experience in dealing with PPI compensation claims, make PPI Claim Management your first choice.
Please complete our claim form or call us today on 0844 3580381.
PPI is designed to protect you if you fall ill, become unemployed or redundant by paying the installments on your loan or mortgage. If sold correctly this type of insurance is a valuable product. However, the financial rewards to the sales person and the company are substantial.
The Financial Ombudsman has estimated that of the 20 million plus Payment Protection Insurance policies in existence, between 50% and 75% could have been mis-sold which means you could be in line for compensation from your policy.
The Ombudsman has already fined many well known, reputable companies for their illegal practices including Capital One, Liverpool Victoria and Alliance & Leicester.
PPI Claim Management can help you claim back the PPI costs linked to your loan.
The type of loan does not matter - secured (that is a charge or mortgage on your property) or unsecured, a personal bank loan, credit card or car loan etc. The cost of the PPI policy is added to the loan and paid over the entire term gaining interest and making it an expensive insurance product.
Unfortunately many consumers, like you, may have been mis-sold PPI when taking out a loan, credit card or mortgage. Usually this is due to the fact that the sales advisers for the bank or lender have not done their due diligence by checking if you were suitable for the insurance. Some people do not even know that the PPI has been added to the loan. Some have not even been able to claim on their PPI policy because they had a previous medical condition. The small print in the PPI terms and conditions prevents many claims being made so that the policy is worthless.
Further, many sales advisers fail to explain clearly that the PPI policy does not cover the entire loan. PPI will only pay out for a limited period of time, for instance 12 or 24 months making the cost of the PPI less attractive even if a claim could be made.
Certainly by adding the cost of the PPI to the loan or mortgage which gains interest makes it a very costly insurance product. If you attempt to cancel the PPI policy during the loan term, especially in the early years, you will be financially penalised. What many sales advisers fail to say is that PPI can be sold on a monthly basis and cancelled at any time without penalty.
If you have been mis-sold a PPI policy you are entitled to your money back plus interest.
Some Claims Companies will charge clients an upfront fee. We will look at your PPI claim forfree and will not charge you anything upfront. We work on a NO WIN, NO FEE basis so if your claim fails for whatever reason you do no pay anything.
With an expert legal team and extensive experience in dealing with PPI compensation claims, make PPI Claim Management your first choice.
Please complete our claim form or call us today on 0844 3580381.
