Latest News


PPI – Sold Properly, a Good Product.

As the Payment Protection Insurance (PPI) scandal rumbles to conclusion, and: as we are lead to believe – the major banks are frantically – scurrying round, trying to find another “product” to replace PPI - they actually don’t have to look very far…There was nothing ever wrong with the product in the first place!, it was just the way in which it was sold. Good product, but greed took over.

Many PPI policies on credit-cards were so poor that they would hardly cover the monthly repayments on the policy itself: in other words, after the monthly premium was taken out of the “pot”, there was no money left to pay anything else.

Most PPI policies provided cover for only a limited length of time, typically five years, yet sometimes the actual loan was spread over a far longer period: where this was the case, the policy was totally unsuitable: it did not provide cover for the life of the loan, gave no protection. In other instances the policy only covered one person when the loan was in joint names. Again, mis sold.

PPI protection policies rarely offered adequate cover for the self-employed, part-time or contract workers. Prior medical conditions also precluded many from the benefits of PPI, but that did not stop unscrupulous sales staff and “advisors” from selling it: by fair means or foul.

Payment protection insurance is supposed to provide protection for borrowers in the event that they are unable to meet mortgage repayments, credit cards, or other types of loan. The mis selling of PPI left millions of people financially exposed and vulnerable. And that is the worrying thing.

Many people can, and do, enjoy the peace of mind offered by Payment Protection Insurance; a good policy will cover your loan repayments even if you receive your full salary whilst unable to work. But beware, there are many different products on the market, some are better than most, so it pays to shop around.

If you are one of the millions of people who have taken a loan out in the last 10 years, then you were almost certainly offered PPI, or actually bought a PPI policy: even if the loan has been repaid in full, you may still be entitled to a refund.

Even lost policy documentation does not mean you can’t claim back PPI, if you’re entitled to it - somewhere along the paper/cyber trail - there will be payment records to help verify your claim.

PPI refunds are now being paid; the backlog of claims is being gradually reduced: but time is ticking away.

If you think you may have been mis sold PPI in the past, then contact one of our team of specialist. Here at Consumer Finance Claims we look to recover the full cost of the mis sold policy plus interest.

Refund payments can vary from anything between a few hundred pounds - to tens of thousands of pounds. If you are due money – claim it back.






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!