The Financial Services Authority (FSA) has already declared millions of PPI policies have been mis-sold. The PPI policies were and often are vastly overpriced and sold without fully assessing the client's employment status or medical history. Others were pressurised into taking the insurance and many public sector workers and members of the armed forces were entitled to far greater workplace protection than the policies ever provided.
To-date over 20 banks and retailers have been fined millions for mis-selling Payment Protection Policies, including a £7m fine for Alliance and Leicester. The consumer body Which? even went as far as calling the whole PPI selling a 'protection racket' that was set-up by the banks for their own financial gain. Selling PPI at the point of sale has now been banned by the competition commission highlighting just how bad the whole sale of PPI was for consumers.
Let us help you re-claim your mis-sold PPI from the greedy banks - we have No Upfront Fees and operate on a No Win No Fee basis*.
The Big PPI Scandal
Why You Should Reclaim PPI
It is estimated that as much as 80% of PPI policies have been incorrectly sold, therefore 8 out of 10 people would never be allowed to use the policy for what they are protecting themselves against. In reality these policies are often overpriced and include clauses which mean customers are unable or even excluded from actually using the policy. Sounds crazy but it's true.
If any of the following apply to you then you are likely to have been mis-sold to and could be due a refund - this could easily be thousands of pounds:
Let us investigate whether you have been mis-sold PPI on your behalf. We have No Upfront Fees and settle all policies on a No Win No Fee basis*.
PPI can also be known as Accident Sickness and Unemployment cover (ASU), Life & Accident Sickness and Unemployment cover (Life & ASU), Personal Loan Protection (PLP) and Credit Card Repayment Protection (CCRP).
* See Fees Page for a full explanation.
* See Fees Page for a full explanation.