PPI (Payment Protection Insurance)
Payment protection insurance is a product that was widely sold by banks and lending institutions. It is no longer sold, as it was such a poor product that paid out very rarely when customers tried to claim.
Imagine having car insurance that rarely paid out when you had an accident. People would be too scared to get in their cars and drive them! Obviously, insurance should pay out when someone has a legitimate claim. For this reason amongst others it is widely believed that PPI was mis-sold in up to 80% of cases.
Some banks wouldn’t give loans to those not wanting the insurance. In some cases customers don’t even know they have this insurance on their loans, or that if they claimed they wouldn’t pay out anyway.
Our solicitors can investigate this for you, and if you were mis-sold the policy we can get your premiums back for you.
If you feel this is something that would be useful to you, then please get in touch. Call us on 0800 112 3771, or fill out the form below.