PPI is usually added to your monthly credit card bill or maybe paid each month as part of our loan payments. There is an insurance which is paid for up from and the money to pay for it is added to the finance you are taking out. This is called single premium. Although single premium has been proven that it can be very expensive for the customers as the interest is paid on the cost of the insurance. If you chose to cancel the policy, you maybe told that you can not cancel it with out having to recalculating the whole loan.
You have a good chance of making claim for mis-sold PPI if you have a mortgage, loan, credit card, store card or have any other finance in the last 10 years. People don’t realise that mis-sold PPI in the UK is very common.
There is a lot of people out there who are being mis-sold and don’t realise because they are not getting the right information they should be given. There are around 90% of people in the UK having a credit card or a loan and there is a chance that all these people could Claim Back PPI
PPI is customers not getting the correct information at the point sale. Do you no if you have a Payment Protection Insurance policy? If you have a credit card you can see if you have a PPI policy by looking at your monthly statement it will be stated on there. Or if you have a personal loan, mortgage or any other finance you can check your original agreement but look further as it isn’t so obvious. If you have any doubt you can call your lender and they can tell you if you do have a PPI policy.
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