Claim Back PPI
It has been difficult to avoid the coverage of the mis-selling of payment protection insurance scandal in the media in recent years. After several official investigations and a High Court ruling most people now appreciate that the cover has been mis-sold on a massive scale. What many people are still unclear on; however, is what constitutes mis-selling and how they could claim back PPI.
One of the reasons the mis-selling of payment protection insurance occurred on such a wide scale is that there are many different ways in which cover may be mis-sold. These different forms of mis-selling can be roughly grouped as follows:
The customer was given incomplete, incorrect or inaccurate information
In order for a customer to make an informed decision as to whether they want or need payment protection insurance they should be given full information regarding the policy including the full costs and terms. It is also important that the information they are given is completely accurate and not misleading.
The customer was sold a policy they were unsuitable for or that they were ineligible to use
Not everyone is suitable for payment protection insurance and not everyone is eligible for cover. Common examples of circumstances where a customer may be ineligible for cover include where a customer is aged sixty-five or over or is suffering from a pre-existing medical condition. In other cases a customer may be unsuitable simply because they have limited use for the cover, for example if they have cover in place already or they are unemployed or in full time education.
The customer was pressured into taking out the cover
After being assessed for their suitability and being given full information regarding the payment protection insurance cover the customer should have been allowed time to consider whether they wanted to take out the insurance.
If you believe your policy was mis-sold in one of the ways outlined above, you may have the right to claim back PPI. The amount of compensation you may be entitled to receive will depend on the age and type of your policy, but you can still register a claim if your loan, mortgage or credit card has been paid off.
To start your claim today, complete our claim form. We will send you out a simple pack in the post to complete and return and your claim could be settled in just eight weeks.