Mis-Sold PPI solutions from Debt Advisory Service
POSITIVE SOLUTIONS FOR INDIVIDUALS & BUSINESSES
Have You Been Mis-sold Payment Protection Insurance?
You may be eligible to lodge a claim and receive £1,000’s in compensation?
Have you taken out a mortgage, loan, credit card, store card or finance agreement with PPI (Payment Protection Insurance)? These policies are also known as Accident, Sickness and Unemployment cover (ASU), Mortgage Payment Protection Insurance, Personal Loan Protection or Credit Card Repayment Protection.
There is nothing wrong with PPI policies for those who need it and assuming it has been sold correctly. However, they have been systematically mis-sold to millions of people. A good sales person should fully inform you of the costs, advise you the policy was optional, give you full details, ask about any pre existing medical conditions you have had, ask about your employment status and much more. In practice these policies were often sold without much investigation in order to boost companies’ profit margins and commission for advisers.
If you can answer “Yes” to any of these questions you may be eligible to lodge a claim for compensation:
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Were you told you had to take out PPI or you would not get the loan? |
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Were you told you had a better chance of being accepted for the loan if you took out PPI? |
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Were you pressured into taking the PPI? |
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Were you self employed, a contract worker, retired or on benefits at the time you took out the loan? |
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Did you pay off your loan early and never got any PPI refunded? |
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Did you increase or top up your loan and the PPI was added automatically? |
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Did you have a separate income protection policy but the sales person insisted that you take out the cover regardless? |
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Were you sold PPI that did not cover the full term of the loan (eg. Loan was for 20 years but PPI was only for 5 years)? |
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Do you have a joint loan but the PPI sold to you does not cover all of the borrowers? |
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Did you try to cancel your PPI policy but told you weren’t allowed? |
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Did they fail to advise you of the full cost of the PPI? |
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Did they fail to advise you that PPI was included in your financial product? |
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Did they fail to ask you about any previous medical problems? |
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Did they fail to advise you of the amount of commission they would receive by selling you the PPI? |
The two main consumer regulators, the Office of Fair Trading (OFT) and the Financial Services Authority (FSA), are carrying out investigations into high-pressure selling tactics that have resulted in so many polices being inappropriate and therefore mis-sold. There are ongoing court cases and already many of the country’s leading financial lenders have already been fined for mis-selling which has resulted in thousands of people receiving substantial compensation.
To find out whether this is a suitable option for you, call FREEPHONE 08000 191 278
or enter your details on the form at the “Contact Us” section of our website. |
