PPI Insurance
PPI stands for payment protection insurance. It is often sold with loans, mortgages and credit cards to protect the borrower should they be unable to meet their monthly loan repayments.
PPI insurance has been widely mis-sold over a number of years as lenders failed to check the suitability of the product for the consumer. The fundamental problem with some PPI policies is that the cover they provide is restricted. For example, those with pre-existing medical conditions or who are not in full time employment may find themselves without cover if they read the small print.
Another reason why PPI was mis-sold is because the lender did not fully explain the cost of the policy, nor did they make it clear that the policy is optional. From our experience in dealing with PPI claims the majority of people who took out PPI were not fully aware that it was an optional product.
If you have taken out PPI and you feel it was mis-sold, contact us today by completing our PPI Claim Form or give us a call and we'll advise you whether we feel you have a valid claim.









