Payment Protection on Bank Loan
What is Payment Protection on Bank Loan?
In theory, payment protection insurance is supposed to help the borrower make payments if he or she is unable to make payments due to
accident, sickness or involuntary unemployment. However, there are a high number
of exclusions meaning making a claim against payment protection on bank loan
cover can be difficult and you may not have the level of protection you think
An Abundance of PPI Claims
Within the past six years, since the Citizens Advice Bureau made mis sold PPI public, more and more consumers are beginning to analyze their bank loans and are as a result, payment protection claims are more numerous than it was first expected them to be.
Common reasons customers choose to fill a complaint include: policies added
without consent, policies sold without the terms or costs being made clear and
policies sold to customers ineligible to use them.
Anyone who feels that they have been mis sold payment protection in bank loan is entitled to
make a complaint. If your claim is successful you may be entitled to receive
compensation potentially worth thousands of pounds. If you would like to find
out more about filing a PPI claim, you can speak to a member of the claims team by calling 0207 471 2000.
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