Have you taken out a loan in the last ten years? If so, it is likely that you were sold payment protection insurance (PPI) alongside it.
PPI is designed to protect consumers in the event that they are unable to work due to illness, injury or redundancy ensuring that their loan repayments are kept up to date. However, many lenders have been hit with criticism and fines totalling millions of pounds for the mis-selling of these policies.
If you have taken out a loan in the last ten years you may have PPI which could have been mis-sold.
If any of the following apply you may be able to obtain refunds on the premiums you have paid:
As well as all of the above, the FCA has stated that lenders have to justify why single payment policies are suitable for clients. Were you aware of the method of paying for your PPI? If not, it is possible that you have been the victim of a mis-sale.
Since our launch in 2007 we have reclaimed refunds for thousands of clients and currently we reclaim back over £2m a month in PPI refunds.
So what are you waiting for? A few minutes of your time could be worth thousands of pounds back in your pocket. Simply submit your details using our online form or call us now and speak to one of our expert advisors.