The mis sold PPI claims scandal goes on and on. It is a serious issue that banks really wish would go away! However, there remain many thousands of people who may be able to claim compensation but have yet to do so. Are you among them? Have you had a mortgage, credit card or other form of credit agreement in the past? Were you also paying into a PPI policy? Many people are unaware that they may be able to claim, yet could be entitled to thousands of pounds. Let’s have a closer look at what the scandal is all about.
What are Mis sold PPI Claims?
Payment protection insurance (PPI) is designed to cover the monthly repayments on your mortgage or loan if you are made redundant through no fault of your own. Such policies are commonplace. However, the mis sold PPI claims scandal came about after a number of complaints were made regarding irregularities in the sale of policies. These complaints were upheld, and mis-selling was found to be widespread. The regulations surrounding the sale of policies are strict, yet the banks and other lenders had been routinely flouting them for their own gain.
Have I Been Mis Sold PPI?
To work out if you can make mis sold PPI claims you need to discover if your policy was mis-sold to you. Think back to the moment where the loan was agreed: were you told of your right to shop around for your own PPI deal? Or were you led to believe that the PPI policy came as a package with your loan? Perhaps you were not even told they were including PPI with the loan? All of these are instances of mis-selling, and there are more. If you think you have a claim, the next paragraph tells you what to do next.
How to Claim Back Mis-sold PPI
The best way to make successful mis sold PPI claims is to get the help of a solicitor with experience. Look for one online, and find one that offers a no win, no fee deal. This way you will not be charged in the unlikely event your claim is unsuccessful. Claiming is easy when you have professional help on board, and you will be relieved of the stress of handling the court case. It is your right to claim back those charges, so don’t delay – get in touch right now and get the wheels in motion.