JJB Sports PLC
It is difficult to make a purchase from any high street retail chains without being asked whether you are interested in signing up for one of their store cards. Most offer an enticing discount, E.g. you can save 20% if you take out a card today. Many people do not realise; however, that these cards are, to all in tense and purpose, a credit card.
Store cards, such as those provided by JJB Sports PLC, enable you to make purchases at one particular; or in some cases several selected, store(s). They have a credit limit and enable the cardholder to ‘buy now and pay later.’ Most stores, in fact encourage customers to use their cards by offering rewards and discounts. For most customers, who pay their accounts monthly, having a store card is a convenient method of payments. With such a plethora available on the high street, however, many people have taken out several cards and found themselves unable to meet monthly repayments in full. A JJB Sports PLC store card like any other store or credit card attracts interest if it is not paid in full monthly and this can lead some people into unexpected financial difficulty.
Because store cards are usually sold by shop assistants in a retail environment many people do not think of them as borrowing in the traditional sense. In fact, some people confuse store cards that offer credit with cards handed out by other lenders to collect points for loyal shopping. Store cards often attract a high rate of interest, though, and customers should think carefully before signing up for one.
The other significant issue with store cards is they are often offered with payment protection insurance or PPI. Payment Protection insurance covers a borrower if they cannot work due to sickness, accident or redundancy by stepping in to take over repayments. There are several key issues with the cover, though, including that it can be expensive and can have a high number of exemptions. These facts combined mean the cover often does not represent good value for money and surprisingly few people who try to use their cover are successful.
The high rate of rejections for store card payment protection can attributed , at least in part, to the fact staff selling store cards, particularly in the past, haven’t always received the optimum amount of training. This means the assistant may not understand the cover they are selling or that it is not suitable for everyone and that the cover can be mis-sold to customers who are either ineligible to use the cover or have little use for it.
An example of this would be a customer who is either under 18 or over 65. Most payment protection policies exclude people in these age categories. Unfortunately, because of a lack of awareness and internal processes many of these people were sold this type of cover and paid it in good faith unaware they would be ineligible to use the policy.
The cover was also often sold to customers whose occupation made them unsuitable for cover. This included people who were retired, unemployed or in full time education. As payment protection is designed to cover a policyholder for loss of employment it would, obviously, by of little use to someone who did not have a job.
Other common ways in which policies were mis-sold included policies being added without the customer’s knowledge while other customer’s were sold the cover without terms and conditions or costs being explained. You may also have been mis-sold cover if you felt under pressure to take out the policy or you were told you needed to take out insurance to ensure your store card application was approved.
If you think that you may have been mis-sold payment protection cover on a store card by JJB Sports PLC or any other retailer you can make a claim. We work on a No Win No Fee* basis and could secure your refund in as little as 8 weeks.
There is no limit to the number of claims you can make so if you have more than one store card that you think may have mis-sold PPI attached you have the right to register multiply complaints. You can also make a claim for payment protection mis-sold on a credit card, loan or mortgage.
Start your PPI reclaim today by calling 0207 471 2000.