What is Payment Protection Insurance (PPI)?
If
you've taken out a mortgage, a loan for a kitchen or a car, applied for a credit card or consolidated your debts, PPI
will almost certainly have come into the equation. Of
course, PPI can be a lifesaver for some people, but government figures suggest they represent a tiny minority. The seller had a responsibility to inform
you about the insurance and its restrictionsm - for example is you were not working at the point of sale - the insurance is
USELESS to you!!
You
could be entitled to reclaim £1,000s as you may have been sold insurance which did not account for your
circumstances & is basically worthless, or you were informed it was compulsory when taking out your Loan or Credit/Store
card.
Did you trust your bank / lender to work in your best financial interests
?
BANKS HAVE SECRETLY ADMITTED THE SELLING OF LOANS IS NOT PROFITABLE UNLESS THEY CAN
'SELL' A PAYMENT PROTECTION INSURANCE POLICY AS WELL !
The Financial
Services Authority ('FSA') currently estimate 70% of all PPI policies have been mis-sold. In October 2008, the Competitions Commission announces PPI is no longer to be sold at the same time
a loan is sold.
Welcome to our web site...
You ARE
a VICTIM of Mis Selling if you can answer Yes
to one or more of the following:
1. At the point of sale were you?
- Unemployed?
- Self Employed?
- Housewife
- A Student?
- Retired?
- Temporary working?
- About to be made Redundant?
2. Had
a pre-exisiting Medical Condition?
3. Told
the PPI was Compulsory?
4. Sold a ‘single premium’ PPI policy?
(ie the insurance was added to your loan – with interest on top)
5. Sold insurance
which does not cover you for the full period of the loan (ie only 5 years of a 20 year loan)?
6. Have
you repaid a loan early and received a small or no rebate against the Insurance Policy?
7. Were
the full details of the insurance not provided?
If any
of the above applies to you - you ARE a VICTIM of Mis selling,
Don't delay
making a Claim!
A Statute of Limitations of
6 years applies for the reclaiming of certain types of 'Debt', so make sure you start your claim TODAY!
