Did you know?home claim now what does it cost? can I claim? about us blog
Why make a PPI claim? Because you could be owed thousands of pounds.
Over many years when people have borrowed money from a lender (credit cards, loans or mortgages) they have usually been asked to take out PPI.
All lenders have been hard selling this insurance to increase profits but at the same time to do this they have been mis-selling this type of insurance. As a result the OFT (Office of Fair Trading) have heavily fined many of the major high street banks and lenders and people who have taken out such policies have been awarded thousands of pounds in compensation because the policies were mis-sold. It is estimated that there are over 30 million PPI policies that have been mis-sold.
PPI has been criticised and deemed unethical. The FSA (Financial Services Authority) have shown that only around 9% of policies sold would ever pay out when a client tried to make a claim. The onerous small print clauses contained within the terms and conditions prevented PPI policies from paying out when a client became sick or unemployed and tried to rely on the insurance. In many cases people are unaware that PPI has been added to their loan or credit card.
This has resulted in regulation changes that allows people who have taken such insurance to claim their money back or be awarded compensation.
So if you have PPI, even if the loan or credit card agreement has come to an end, you may be entitled to recover your premiums going back over 6 years by making a PPI claim.
It's easy to find out if your PPI claim is eligible.
Why not contact us today on 0845 686 8060 or start your claim online now!
Q&A Law is a trading name of Stanley de Leon who are a trading name of Stanley de Leon who are regulated by the Solicitors Regulation Authority. SRA Number
410945. A copy of the SRA's rules can be found at their website here.
Copyright 2009 Q&A Law solicitors 45 Darkes Lane Potters Bar EN6 1BJ