Latest News


PPI – One family’s story

Filed under: Services — Tags: , , — consumerfinanceclaims @ 09:55

As the star players – the baddies – in the PPI mis selling scandal, banks and other providers have long been in the spotlight – but what of the co-stars…the insurance companies: those who wrote up the policies? They seem to have avoided the main publicity and any accountability. But their part in this disgrace was big; between them they gave no mercy when it came to fleecing innocent and trusting customers.

The BBC recently reported an example of PPI mis selling in the case of a £5,000 loan taken out by a married, employed woman in Crewe. She took this loan, and PPI out in her own name, but when she became unemployed at a later date, was told that she could not claim because her husband was working! If that’s the case, this was written into the small print; then she could never have claimed on the policy, so was paying money for nothing: Now what kind of policy is that!! Who might benefit from this policy? Why on earth would anyone want this?

So despite this woman taking out what she was told was protection, the bank refused her claim when she became unemployed, and it was left up to her husband to pay off the loan instead.

A Lloyd’s spokesperson said: It must be noted that we wish to handle and resolve all complaints “quickly and to the satisfaction of our customers”.” We take all our complaints very seriously and are committed to handling them on a fair and consistent basis. “In line with our complaint handling policy we will assess a customer’s PPI complaint and provide redress where appropriate.” Was there an apology in there, somewhere?

Now that compensation is finally being paid to customers who have been poorly advised or mis sold PPI you should perhaps check whether you have a PPI claim for consideration, even ifs from a few years back – it won’t take long to find out. It is thought there are still many UK bank customers who have yet to step forward and make their claim.  If you are one of them, the sooner you start the ball rolling, the better.

It is easy and understandable to dismiss PPI policies as a scam, something not to be touched with even the longest of barge poles; but the mis selling of PPI doesn’t mean you shouldn’t protect yourself against illness or unemployment…if you are eligible!. It just means you should read the small print more carefully – because it’s going to be awfully hard to trust anyone for awhile. PPI has a bad reputation, but this is not the fault of the product itself.

Here at Consumer Finance Claims we look to recover the full cost of the policy plus interest if we believe that you have been mis-sold PPI. Even if the loan is still running we can look to reduce your ongoing payments as part of our negotiations.






Add your own comment to this article







Your comment has been submitted   (A moderator will approve this shortly).



< Click to view article archive


BulletpointsAverage claim value £2500

BulletpointsNo Win – No Fee* PPI Claims

BulletpointsNo Upfront Fee's

BulletpointsOn average our PPI claims take 12 weeks

BulletpointsCompetitive 20% inclusive of VAT Success Fee

BulletpointsProven track record* for all PPI claims


How much money could you be entitled to?
Make Your PPI Claim





















Next

< BACK





















Add another lender
Next

< BACK





















Add another lender
Next

< BACK





















Add another lender
Next

< BACK





















Add another lender
Next

< BACK





















Add another lender
Next

< BACK

















Next



< BACK













Congratulations! You're one step closer to receiving your compensation for mis–sold Payment Protection Insurance.


If all details look OK you will receive a Claim Pack through the post, usually within 48 hours. If there are any issues we need to discuss one of our advisors will call you.


Either way you need to return your Pack as quickly as possible to prevent any delays with your claim!