Have you got a claim?

Have you ever taken or used one of the following?

Loans
Consolidation loan
Mortgage
Store Cards
Credit Cards


If YES, then it is likely that you were sold loan insurance and told that it would cover your payments if you suddenly found yourself out of work.

The scandal is that it has been sold to many people without their knowledge and often when the company selling it knew that the consumer would never be able to use it but sold it to them anyway.

TOP 10 GROUNDS FOR COMPENSATION

If any of the following applied to you at the time of sale you probably have strong grounds for a complaint:


1. You were under 18 or over 65
2. You worked less than 16 hours a week
3. You were employed on a temporary or contract basis
4. You suffered from stress or backache
5. You had an existing illness
6. You were aware you may become unemployed
7. You were not told about the cost of the insurance (or not told you were buying it at all)
8. You were not asked about any other insurance you had
9. You were told the insurance was necessary for you to get the loan
10. You were not told that the same policy could potentially be bought cheaper elsewhere

Payment protection insurance can be staggeringly and disproportionately expensive. The Citizens Advice Bureau reports that PPI premiums can add between 13% and 56% to the cost of a loan.

Your claim is for a full refund and/or cancellation of the policy. It probably adds up to thousands.

The selling of Payment Protection Insurance is commonly linked to borrowing such as your mortgage, credit card, store card, car loan, consolidation loan etc. The PPI policy is said to protect the borrower against the risk that they will be unable to make repayments under the loan for reasons such as unemployment or incapacity to work through illness or disability.

Although PPI could be helpful in the right circumstances, it fails a significant number of people.

CAB (Citizens Advice Bureau) enquiries about PPI have found a disproportionately high number of claims being turned down.

Simon Burgess of PPI broker British Insurance agreed. "It's a major scandal that needs to be dealt with now," he said. "Lenders have shown they can't be trusted to sell the insurance. It should only be available through specialist providers." 

We are a specialist company in reclaiming compensation for consumers. We are ready to help you in this important area.

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