.jpg)
.jpg)
Payment Protection Insurance (PPI) has been sold alongside mortgages, loans and credit cards for many years. It was designed to help borrowers meet repayments in the event of accident, sickness or unemployment, but in many cases was mis-sold.PPI, if sold correctly can provide borrowers with excellent protection but an assessment of your needs should have been carried out prior to you agreeing to the policy. In many cases this assessment may not have been detailed enough or indeed happened at all. This means that the policy may be unsuitable for you and may not pay out if a claim arises.
Usually, the cost is added to your monthly repayments, meaning you end up paying interest on the policy for as long as you have the loan or mortgage. The total cost is quite often many thousands of pounds.
The FSA (Financial Services Authority) has already fined some lenders over PPI sales including Alliance & Leicester, Egg, Liverpool Victoria, HFC, GE Capital, and has now banned the sale of single premium policies.
Usually, the cost is added to your monthly repayments, meaning you end up paying interest on the policy for as long as you have the loan or mortgage. The total cost is quite often many thousands of pounds.
The FSA (Financial Services Authority) has already fined some lenders over PPI sales including Alliance & Leicester, Egg, Liverpool Victoria, HFC, GE Capital, and has now banned the sale of single premium policies.
We, along with the FSA and CAB (Citizens Advice Bureau) believe millions of PPI policies have been mis-sold. We can now help you get back the total cost of the policy and any interest charges. Everything we do is on a NO WIN NO FEE* basis. If we win your claim, we simply take 25% (plus VAT) of your final settlement.
