Check your loan agreements for mis sold PPI

by Simplicity Claims on December 6, 2010

As we stated in our previous post where we were discussing the large bill faced by most of the UK banks with regards to PPI mis-selling, many people have taken out one of these payment protection insurance policies without actually realising it.

Payment protection insurance is normally stated on your credit agreement. It’s worth checking it to see if it has been added to your loan. Single premium PPI is added to the loan as a lump sum payment and attracts interest in the same way as the loan, making it a particularly expensive type of insurance.

Once you have determined that you have taken out one of these policies, it is time to take action. If you don’t know how much to claim back, we can run through the calculations for you once we have received all your paperwork and then we can get started on your claim straight away.

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