The true extent of PPI Mis-selling

by Simplicity Claims on November 25, 2010

If you haven’t read the news recently, you may be shocked to learn that UK banks could face a staggering £5 billion bill for PPI mis-selling. Payment protection insurance has been widely missold by banks and other lenders over the past decade, leading to a raft of ppi claims from disgruntled consumers.

The banks put PPI claims on hold in October 2010 but are now currently investigating claims regarding the sale of PPI following the outcome of the Judicial Review.

You may have one of these payment protection plans without realising as it is possible that you were unaware that you took one out with your loan or credit card. So it is important to check your credit agreement and any credit card statements to see whether this type of policy was mis-sold to you and if so, take action to reclaim this mis sold payment protection insurance.

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