Were you Mis-sold PPI
You may have bought Payment protection Insurance (PPI) with a credit card or Mortgage to cover your repayments prevented from servicing the debt by unforseen circimstances. Over You may be one of the 3 million UK citizens owed over 5 Billion pounds for mis-sold PPI.
So how can you tell if it was mis-sold to you?
You may have been self-employed or worked for a family company and thus could not have claimed fully on the policy without ceasing work and not been informed of this. You could have been unemployed retired or due to retire and as such would not be able to have have claimed on the policy. There may have been an age limit applicable during the life of the policy that could prohibit you claiming. You may not have been informed that any change to your employment status could invalidate sections of the policy during its life. Similarly you may have had a previous or current medical condition that would invalidate parts of the policy.
Other common mis-selling tactics that may have been used was for the vendors staff to imply that purchasing the policy was mandatory when applying for a loan or perhaps that taking out a policy would improve your chances of a successful application. You may not have been offered a clear choice of the loan with or without insurance or given a clear picture showing a comparrison of the repayments until after you signed for the insurance, or you simply may have been subjected to distressing high pressure sales tactics.
There are a number of support sites or mis-sold PPI firms that can help you determine if you have been mis-sold PPI. The process of using a mis-sold PPI firm will reduce any potential compensation but take the paperwork and legal wrangling out of your hands.
Are you due a 3k or 4k refund where you mis sold PPI and can make a claim! Then go to ppiclaimback.co.uk and see if you can claim today !