There are potentially millions of victims of payment protection insurance (PPI) policy mis-selling. And potentially millions of pounds of premiums waiting to be recouped. But how?
If you applied for a loan – mortgage, auto or personal loan or even a credit card – over the last several years, there is a chance that you were mis-sold a PPI policy. Read more about how you can be reimbursed for faulty charges regarding your mis sold policy.
Mis-sellings took the form of consumers having policies added to their loans without their knowledge, consumers being coerced into purchasing policies by their lenders and consumers being sold policies for which they were not eligible. All of these practices are unethical and have been investigated. PPI coverage can be costly, the premiums are determined in large part by the size of the loan they are to cover. Many lenders did not advise consumers that PPI coverage is available widely; that if they wished to purchase the coverage, they could shop around for the best price.
If you were mis-sold PPI coverage, you have recourse against your lender. You can file PPI claims to recoup the costs of the premiums you paid as well as interest on those payments. Simply contact an experienced claims management agency for assistance in filing PPI claims against your lender. You may be surprised to learn what is due to you.