If you have been sold Loan Insurance you could be entitled to thousands of pounds in compensation. Loan Insurance has been mis sold to thousands of UK consumers and now they have the chance to get it all back. Recently lenders gave up their high court action fighting against the refund of Loan Insurance premiums and have instead decided to set aside billions of pounds in compensation for consumers wrongfully sold Loan Insurance. Since the banks have set aside this compensation thousands of consumers across Britain are reclaiming mis sold Loan Insurance. If you were sold a loan, mortgage or credit card with Loan Insurance you too might be entitled to thousands in compensation.
How was Loan Insurance mis sold?
Loan Insurance was mis sold to consumers who did not need, want or ask for it. If you fall within any of these categories you could be entitled to reclaim all the premiums you paid towards your policy. Below we have listed a number of mis-selling statements.
• You noticed it without ever requesting it.
• You were told it was compulsory
• You were pressurised into taking it.
• You were self employed when sold it.
• You were working part time or on contract when sold it.
• Details of your medical history were not asked during the sale.
• The terms and conditions of the policy were not explained to you.
• The cost of the policy was not explained to you.
• You were under 18 or over 65 when sold it.
If the sale of your Loan Insurance policy falls into one of the above categories you will be eligible to reclaim all the premiums you paid towards the Loan Insurance policy plus interest calculated at 8%.
How do I reclaim Loan Insurance?
If you would like for us to loan ppi claims on your behalf all you need to do is contact us. Once you have done this a claims handler will call you to discuss your claim in detail and to uncover mis-selling. Once this is done we will send you a claims pack to sign, date and return to our office. Once we have this we start corresponding with your back so that we can get back all the premiums you paid towards your policy plus 8% interest. Please remember our service for ppi claims is 100% no win no fee and we pay all upfront costs relating to your claim.
How long does a Loan Insurance claim take?
Currently UK lenders have 12 weeks to deal with loan ppi claims claims. We can sometimes have claims settled far quicker than this but this is the amount of time you should allow for your claim to take. With effect from 01/01/11 all Loan ppi claims will be processed within an 8 week period.
What is the average refund for Loan Insurance?
Right now our average refund for Loan Insurance claims is £3,000 which includes interest calculated at 8%. On average most clients will have between 2-3 ppi claims so depending on your circumstances you could be expected to receive much more than this.
What benefits does your Loan Insurance claims process have?
We have been helping consumers reclaim mis sold ppi policies since 2008. Since then we have helped thousands of clients reclaim millions of pounds in compensation. Our service for ppi claims is second to none and we pride ourselves on our professional service. Some of the benefits of using our office are listed below.
We offer all consumers who contact us a free no obligation review
We will deal with your Loan Insurance claim with a 100% no win no fee service
We will pay all upfront costs relating to your Loan Insurance claim.
We will not charge you a penny if your claim is unsuccessful
We will start your Loan Insurance claim within 24 hours of contacting us.
You will get a personal claims handler when you use our service.
Our average refund is £3,000.
If you would like to find out more about our Loan Insurance claims service please contact us now. Don’t let your lender keep onto money which is rightfully yours.
