Payment Protection Insurance (PPI) is taken out to cover circumstances
in which a loan or mortgage repayment cannot be made. Payment Protection
Insurance covers eventualities such as sickness, injury or involuntary
unemployment. However, in many cases, the PPI is unnecessary and it may
be the case that the PPI has been mis-sold.
Many companies have been found in breach of the law because they engaged in Payment Protection Insurance mis-selling. If you feel that you have been mis-sold Payment Protection Insurance (PPI), it is important to obtain as much information about your case as you may be entitled to claim money back.
Payment Protection Insurance Mis-Selling?
Payment Protection Insurance Mis-Selling happens all too often and many people are not aware of information which would indicate that they were Mis-Sold Payment Protection Insurance.
You can generally identify if you have been Mis-Sold Payment Protection Insurance if you can answer yes to any of the following:
- Was it implied or stated that the loan would be more expensive if you didn't take the insurance?
- Was it implied or stated that you you were required to take out their policy to qualify for the product or help with your application?
- Was the salesperson pushy when selling the product so that you felt you couldn't say no?
- Did the salesperson require you to sign the insurance agreement before you could continue with the loan application?
- Did you already have insurance cover?
- Have you tried to cancel your policy?
- Is the insurance term too short?
- Do you have a joint loan but the insurance is only in one name?
- Had you had medical problems in the past?
Customers may also be misled if they were self-employed, unemployed or retired at the time or were led to believe their application for a loan has a greater chance of success with Payment Protection Insurance cover.
Mis-Sold Payment Protection Insurance (PPI)? How to claim
With access to a substantial amount of information on cases of Payment Protection Insurance mis-selling, Legal Advice Helpline are here to help you.
As specialists in the law on Payment Protection Insurance mis-selling, our solicitors are in a good position to identify quickly whether you can claim money back from a mis-sold Payment Protection Insurance or PPI policy. They are also able to offer a No Win No Fee service for the recovery and repayment of PPI premiums and have vast experience in dealing with cases of Payment Protection Insurance mis-selling.
Contact Legal Advice Helpline on 0800 612 3042 for more information on Payment Protection Insurance mis-selling or any other mis-sold product enquiries.