
If you have a loan, mortgage or credit card then the chances are you have Payment Protection Insurance (PPI).
Payment Protection Insurance is typically an insurance sold by banks and credit providers to cover your payment of an outstanding debt if you suffer an accident, become sick or unemployed. The insurance policy usually covers your payments.
Payment Protection Insurance has come into the news recently with cases being found to be more scandalous than the better known Unfair Bank Charges.
If you have a personal loan, mortgage or credit card the chances are that you have paid a sum of money for payment protection insurance. It is quite likely that such a policy may have been mis-sold to you. Payment protection insurance costs are usually added to your loan and interest charged on it making it a very expensive product.
We can help you check if:
- the premium is excessive
- you have been told that you would stand more chance of getting credit if you took the policy out.
- you already have an existing policy or have payment protection provided by your employer when there would have been no need to take out the policy in the first place.
- circumstances where the loan was taken over a period of 25 years but the policy is limited to a fixed term of five years it may be possible to recover the payment protection insurance premiums paid under the policy
Our solicitors can help you reclaim the cost of payment protection insurance and will help you recover any premiums paid plus interest.
How It Works
- Your case is examined to determine if your PPI has been mis-sold.
- We write to your loan, mortgage or credit-card company and get a copy of the credit agreement so we can determine what sums should be refunded to you.
- Payment is demanded on your behalf.
- Payment is pursued through the Court or FSO if necessary.
Unlike other claims management companies our services are completely free to you. Once your case has been accepted our solicitors will check whether your agreements are enforceable and advise you accordingly. They will work on a no win no fee basis for you. Our solicitors are known to lenders and their advisers. They will focus their efforts on resolving issues for you.
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