The Mis-Selling of Payment Protection Insurance (PPI) has been widely documented over the last few years. In this article we will discuss the mis-selling of ppi and how it might have affected you personally.
If you have been sold PPI on a loan, mortgage or credit card you might be a victim of mis-selling. Lenders are guilty of mis-selling PPI to consumers who did not need, want or would benefit from it. You might ask yourself why lenders would be so reckless in mis-selling PPI but once you consider that it generates billions of pounds in commissions you soon see the driving factor behind the mis-selling.
Lenders were mis-selling PPI as they did not follow correct sales procedures and were mis-selling these insurance policies to people who did not need, want or ask for it. The Mis-Selling of ppi has rocked the financial institutions concerned and many lenders such as Alliance & Leicester, Blackhorse and Capitol One were fined for their mis-selling practices. Since the mis-selling of ppi emerged hundreds of thousands of clients have found that they are victims of mis-selling and have processed claims to reclaim their money.
How do I know I know if I am victim of Mis-Selling?
If you are trying to establish if you are a victim of mis-selling you will fist need to recall how the policy was sold to you. Below we have given a number of mis-selling scenarios.
• You were told ppi was compulsory
• You were pressurised into taking it.
• You were self employed when it was.
• The full costs of the ppi policy were not explained.
• You were over 65 or under when sold ppi.
• The terms and conditions were not explained.
• You did not know you had ppi.
• Details of your medical medical history were not asked
• You were advised to take ppi in order to get your credit
As you can see there any many ways in which you might have been mis-sold ppi. If you feel you have been ripped off and mis-sold ppi you now have the chance to reclaim all the premiums you have paid towards the policy plus interest calculated at 8%.
How many victims of Mis-selling are there?
It is estimated that there are as many as 2 million victims of mis-sold ppi. As a result of this it is estimated that there will be as many 20 million mis-sold ppi claims processed against lenders. These compensation claims might cost lenders as much as £12billion in compensation.
How can you help me with my Mis-Selling claim?
If you decide to process your mis-selling claims with our office we will offer you a number of great services some of which are listed below.
Get a free no obligation review of your case.
No win no fee claims process – GUARANTEED!
No upfront costs or charges – We pay all upfront charges relating to your claim.
No cost for unsuccessful claims.
We have a UK based call centre.
Your Mis-Selling claims are started within 24 hours.
You will be appointed a personal claims handler.
We are founding members of the Association of Professional Claims Managers. This means we adhere to the highest possible claims standards.
When have been processing claims of Mis-Selling since 2008 and we have already reclaimed millions in compensation. To find out how we can help you with your Mis-Sold PPI Claims contact us now-
How long does a Mis-Selling claim take?
Right now lenders have up to 12 weeks to deal with mis-sold ppi claims. We will always try to have your claims dealt with as quickly as possible but you should use these timeframes as guidelines. With effect from the 01/01/12 all mis-sold ppi claims will be dealt with within an 8 week period. There has never been a better time to process your Mis-Sold PPI Claims.
How do I find out more about your Mis-Selling service?
If you would like to hear more about our company and our services why not contact us for a no obligation review of your case. You can contact us by phone on lo-call 0845 838 1316 or you can request a call back using our contact form
If you are a victim of Mis-Selling there has never been a better time to process your claims. Don’t let your lender keep onto money which is rightfully yours!!
